THCG, Inc. (NASDAQ:THCG), a leading architect and builder of
global Internet enterprises, is pleased to announce that TestU, a THCG
partner company, is winning national recognition for its recent "Gift
To America" of free SAT preparation to all students in the country.
The Gift was made in response to President Clinton's last State of the
Union address wherein he challenged the nation to provide all high
school students with the opportunity to "take the same college test
prep courses wealthier students use to boost their scores."
On June 14, TestU, the premier Internet-based test preparation
company, announced the Gift via full-page ads in both the national
edition of the New York Times and USA Today. In addition, former New
York City Schools Chancellor and TestU Director Rudy Crew announced
the Gift in an open letter addressed to the White House (see
demo.testu.com. Since the announcement was made,
literally thousands of high school students have pre-registered for
the course, which is scheduled to go live on August 1, 2000.
According to Larry Smith, President of THCG, Inc., "This free SAT
preparation offer not only helps to drive mass market awareness of
this very exciting, emerging Internet enterprise, but it is an event
that should have a meaningful and profound impact on our nation's
educational system. We are very proud to list TestU among our
portfolio of partner companies and will continue to work closely with
them to rapidly implement their ongoing growth initiatives."
About THCG, Inc.
Based in New York City, THCG, Inc. is a leading architect and
builder of global Internet enterprises rapidly building a portfolio of
partnership businesses. Its incubation efforts center around Web
technologies, wireless, communications, network security, and supply
chain and customer relationship management. In addition, the Company,
which is also pursuing e-Commerce and Web-content transactions with a
"bricks and clicks" focus, has equity positions in eight early-stage
partner companies including Convergence MediaGroup, Inc.
(www.cmg-us.com); ENJEWEL (www.enjewel.com); Global Credit Services,
Inc. (www.globalcreditservices.com); Globecom Interactive, Inc.; IT
Utility, Inc. (www.itutility.com); and, Test University, Inc.
(www.testu.com).
THCG also holds investments in over 10 Internet and technology
businesses it acquired through direct investment, equity for services
or acquisitions, including iBeauty.com (www.ibeauty.com);
insci-statements.com, Corp. (NASDAQ:INSI, www.insci.com); Passport
New Media, Inc. (www.yourownworld.com); TechOnLine, Inc.
(www.techonline.com); RealTimeImage, Inc. (www.realtimeimage.com);
SoftWatch, Ltd. (www.softwatch.com); Sunshine Media Corporation
(www.bikini.com); and, webMethods, Inc. (NASDAQ:WEBM,
www.webmethods.com).
THCG shortly expects to complete the formation of THCG Giza Israel
as a THCG wholly owned subsidiary. THCG Giza Israel will serve as the
Company's global technology "center of excellence" and is focused on
sourcing, screening and developing promising companies in the areas of
Broadband, Wireless, Internet Enabling Technologies and Telecom
Infrastructures.
For more information, please visit the Company's Web site at
www.thcg.com.
About TestU
TestU is a leading online standardized test preparation company
dedicated to providing high quality, accessible, and affordable test
preparation to everyone. TestU provides affordable test preparation to
individuals, as well as to schools and school districts complete with
its testSCOPE Reports, which allow school administers to effect change
proactively. TestU was founded in August 1999 by top academics,
educational experts, administrators, and teachers. TestU's strategic
partners include the National High School Association, the California
League of High Schools, the Research and Education Association and
Barron's Educational Series. To learn more, visit the Company's Web
site at www.testu.com.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: The statements contained in this release which are
not historical facts are forward-looking statements that are subject
to risks and uncertainties that could cause actual results to differ
materially from those set forth in or implied by such forward-looking
statements. These risks and uncertainties include the Company's entry
into new commercial businesses, the risk of obtaining financing, risks
associated with startup or early stage enterprises, the effect of
demand for public securities, activity in the secondary securities
markets, general economic, political and market conditions, and other
risks described in the Company's Securities and Exchange Commission
filings.
CONTACT: Continental Capital & Equity Corporation, Longwood, FL
Dodi Handy, 407/682-2001
dodi@insidewallstreet.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: INTERNET E-COMMERCE MARKETING AGREEMENTS
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