(BSNS WIRE) 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.
CONTACT: TSIG.com, St. Petersburg
Paul Henry, 727/897-4000
phenry@tsig.com |
