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Technology Stocks : MSGI Marketing Services Group Inc.

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Mar 3 4:00 PM EST

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To: KM who wrote (1604)	7/14/1999 11:46:00 AM
From: HungryMan	Read Replies (1) of 3418

MSGI July 14, 1999, Marketing Services Group Inc. (Nasdaq:MSGI - news) reported that it signed a binding agreement to acquire Atlanta-based Grizzard Communications Group, a vertically integrated network of marketing communications companies, including Grizzard Advertising, TABS Direct and Brand Imagination. The transaction is valued at $100 million. Grizzard Communications generated $65 million in revenues in 1998 and $14.5 million in adjusted EBITDA and is expected to be accretive to MSGI earnings. Awsome! -- Hungry

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