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Technology Stocks : MSGI Marketing Services Group Inc.
MSGI 0.00010000.0%Mar 3 4:00 PM EST

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To: Diana who wrote (1355)6/17/1999 9:13:00 AM
From: Austin S.  Read Replies (1) of 3418
 
Diana - There is every reason to have a positive approach to MSGI. MSGI's fundamentals not only remain intact but are continually improving as is evidenced by the myriad of new clients/contracts acquired this year including that of powerhouses Levi's, FedEx, and GE. You can be certain that MSGI has deals in the works that will make it a $250 million company before year end.

Below is the e-mail reply that MSGI's Investor relations sent me in response to my concerned inquiry as to whether MSGI would now be incapable of completing acquisitions due to the recent precipitous fall in its share price. Here is the response from MSGI's IR:

* * * * * * * * * *

Good Morning [Austin S.],

1) Regarding acquisitions:

This is not the case. We have multiple deals in progress, which will be a combination of stock and cash like always.

2) We are listed on the Russell 3000, and the NASD is expected shortly.

3) We are currently having three investor summits, two held by our Investor Relations firm (Morgen Walke) as well as the SIIA conference next week.

Hope we have answered some questions for you.

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