(BSNS WIRE) TSIG.com Completes Reverse Stock Split; Stock to Trade Under Sy
TSIG.com Completes Reverse Stock Split; Stock to Trade Under Symbol TIGI
Business Editors/Technology Writers
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--June 26, 2000--TeleServices
Internet Group Inc. (OTCBB:TIGI), known as TSIG.com, today announced
that, effective after the close of the stock market on Friday, June
23, 2000, the company completed a 10-for-1 reverse stock split, as
approved by its shareholders at a meeting held on March 27, 2000.
Under stock exchange rules, the company was required to adopt a new
stock symbol. Formerly, the stock traded under the symbol TSIG. The
new stock symbol is TIGI.
About TSIG.com
Headquartered in St. Petersburg, Florida, TeleServices Internet
Group Inc., known as TSIG.com (stock symbol TIGI), recently entered
into definitive letters of agreement to acquire General Search.Com, a
leading Internet portal and search engine; The Affinity Group LLC, an
affinity marketing company that specializes in database mining,
product development and sales; and Reliant Interactive Media Corp., a
direct marketing company that drives retail sales via television and
the Internet. TSIG.com forms myCard partnership agreements with
national corporations and non-profit organizations, and then works
with those partners to design revenue-generating programs that attract
consumers to their Web sites. The first myCard program was
myMusicCard, which enables consumers to purchase CDs and cassettes at
the lowest available prices. Similarly TSIG.com's myPhotoCard programs
provide low-cost film processing and Kodak Film, and the myPhoneCard
programs provide low-cost prepaid long-distance calling card services.
For all new myCard users, TSIG.com has recently arranged through
General Search.Com to provide free Internet access for life, free
e-mail, fax, integrated messaging and other features.
These customized marketing programs are intended to provide
recurring revenues to TSIG.com and its partners, and help develop
strong brand loyalty and awareness within target communities. TSIG.com
further enhances its myCard programs by providing customer service and
support with its Web-based call center and related services. With
non-profits, TSIG.com is engaged in "cause-related marketing" and has
a "volunteer sales force" of millions generating sales and driving
traffic to Internet sites for the lowest customer acquisition cost in
the business. TSIG.com is the national marketing partner of UCP, the
nation's largest non-profit health care organization and leader in the
disability field, which each year serves over 1 million people with
disabilities in the United States. TSIG.com's corporate web site is at
www.tsig.com and the myMusicCard web site is at www.mymusiccard.com.
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 (1) competition in the markets for the
company's products and services, (2) the ability of the company to
execute its plans, (3) the availability of financing at favorable
terms, and (4) other factors noted in the company's public filings
with the SEC.
--30--jd/mi*
CONTACT: TSIG.com, St. Petersburg
Paul Henry, 727/897-4000
phenry@tsig.com
KEYWORD: FLORIDA
INDUSTRY KEYWORD: TELECOMMUNICATIONS INTERNET MUSIC
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