The June 30, 2000 Needham research report on MSGI opines that no value is being given to MSGI for its ownership of WiredEmpire. This is obvious. What is also obvious is that WiredEmpire has real and significant value. Look at the list of clients recently acquired by WiredEmpire in addition to the other blue-chip clients it already has......look at MSGI's/WiredEmpire's most recent PR re: WiredEmpire:
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WiredEmpire Continues Strong Growth of Client
Base in 4th Fiscal Quarter
Total Clients Increase 30 Percent Over Previous Quarter
NEW YORK--(BUSINESS WIRE)--July 5, 2000--WiredEmpire, a leading provider of online marketing automation software and services for e-business, and a majority-owned subsidiary of Marketing Services Group, Inc. (NASDAQ: MSGI - news), an Internet and integrated marketing services industry leader, today announced that its client base has increased by more than 30 percent over the third quarter of 2000. This increase is a tribute to the innovative e-marketing solutions offered to WiredEmpire's clients, and reflects a continuation of the Company's consistent new business growth.
Client wins for the June 30, 2000 quarter include EDS, EMC, Conjoin, Discount Tire Direct, Etera, eZiba.com, Hearst Business Media, RetailExchange.com, RoadRunner Sport, Think Service, TrainingNet, Universal Music, and ZDNet.
``We've experienced another strong quarter of new client wins in our WiredEmpire subsidiary,'' commented Jeremy Barbera, Chairman and Chief Executive Officer of MSGi. ``The market for our business solutions remains strong and WiredEmpire's continued development of cutting-edge e-marketing solutions has driven another quarter of high-quality new business wins.'' |
