Lets see what has added to the credibility of TSIG.com within important areas.
Marketing
The Affinity Group LLC, an affinity marketing company that specializes in database mining and marketing. Upper marketing management has about 8 individuals per Henry.
These fellas took their company to $30m revenues with a limited customer base. They are very excited about getting their hands on TSIG's. They are supposedly very good at what they do.
Revenue & Earnings
The management of Affinity reported 1999 revenues of $22 million, with a pro forma pre-tax profit of $4 million (unaudited). The Affinity Group projects year 2000 revenues at $30 million, with profits expected to reach $6 million. Approx $500k/mo projected earnings from Affinity in 2000 alone compared with TSIG.com's current burn rate of approx $250k/mo.
The completion of the acquisitions anticipated early June places TSIG.com with the earnings of the acquisitions and theirs against the combined burn rates in the plus column (per my calculations and questions).
Web design and maintenance
GeneralSearch has a staff of over 20 individuals that add to what TSIG.com has per Henry. I would imagine talks have and are going on to do and complete TSIG.com's requirements.
.com company
GeneralSearch, Affinity, and TSIG'com's focus solidify that.
Funding
Through the investment bank Ladenburg Thalmann (assumed) - up to $125m.
"is intended to provide TSIG.com with a sound financial base to implement its business plan, which includes the proposed acquisitions of General Search.Com, The Affinity Group and American Teleswitch, as well as other initiatives that the company is pursuing.
It is contemplated that the proposed private placement would be for a common stock equity line of credit. The securities will not be registered under the Securities Act and may not be offered or sold absent a registration or an applicable exemption from registration, but the investors would have registration rights."
Management
Keegan & Co
Clients, associations, affiliations procurement
Gordon is the deal maker
Quality clients
Lifetime, 4-H, FBLA, UCP, Coke, Lufthansa, Disney, etc, and.....
Affinity is anxious to drive the affinity programs to these customers promoting TSIG'com's products along with moving them to GeneralSearch.
When
The efforts show the structure. Completion of the acquisitions, banking structure and involvement, and reverse should all be completed by approx early June.
Stock value
TSIG.com moves forward. The stock will have to catch up, IMO.
What else will be offered? The story continues to unfold. Do your DD and ask pertinent questions.
Bob |
