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Microcap & Penny Stocks : TIGI - NEWS ONLY (formerly TSIG)

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To: REW who wrote (42)3/16/2000 9:06:00 PM
From: REW  Read Replies (1) of 110
 
TSIG.com Forms Agreement with Teleglobe to Offer Long-Distance Calling Card Services

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--March 16, 2000-- TeleServices Internet Group Inc. (OTCBB:TSIG - news), known as TSIG.com, today announced that it has entered into an agreement with Teleglobe Inc. (NYSE,TSE:TGO - news news), a leading international telecommunications provider. The agreement allows TSIG.com to provide prepaid long-distance calling card services as part of its myCard programs. The decision whether to include these services in TSIG.com's various programs with its corporate and non-profit partners will be made on a case-by-case basis.

``We continue to look for ways to enhance our myCard programs, and are pleased to add long-distance calling card services through Teleglobe, a very forward-looking company,' stated Robert Gordon, TSIG.com's Chairman and CEO. ``This is part of our ongoing effort to provide a diversified product offering to our corporate and non-profit partners, and ultimately our myCard customers.'

About Teleglobe

Teleglobe Inc. (NYSE,TSE:TGO - news news) is a leading global provider of broadband services with the most extensive global Internet network. Delivering advanced broadband applications to customers in more than 100 countries - matching global reach with global depth - Teleglobe is the premier communications architecture for the digital economy. Teleglobe is currently enhancing its leadership position through GlobeSystem(TM), a 5 year, US$5 billion strategic initiative providing 160 cities around the world with scalable broadband service platforms, and linking them through a seamless data network. GlobeSystem is the world's first globally integrated Internet, voice, data and video network. For more information, visit www.teleglobe.com.

About TSIG.com

Headquartered in St. Petersburg, Florida, TSIG.com created the My MusicCard program (http://www.mymusiccard.com) to enable consumers to purchase CDs and cassettes at the lowest prices, and to develop revenue-generating programs with corporations and non-profit organizations that drive consumers to customers' Internet sites for the lowest cost in the industry. Similarly, TSIG.com's My PhotoCard programs provide the lowest cost film processing and Kodak film. These unique marketing programs provide high margin returns and develop strong brand loyalty and awareness within target communities. TSIG.com also provides customer service and support with its Web-based call center and related services.

This press release contains ``forward-looking statements' within the meaning of Section 27A of the 1933 Securities Act and Section 21E of the 1934 Securities Exchange Act. Actual results could differ materially, as the result of such factors as (1) competition in the markets for the products and services sold by the company, (2) the ability of the company to execute its plans, (3) the availability of financing at favorable terms, and (4) other factors detailed in the company's public filings with the SEC.

Contact:

TSIG.com, St. Petersburg
Paul Henry, phenry@tsig.com
Richard Wheeler, dwheeler@tsig.com
727/897-4000
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