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Technology Stocks : MSGI Marketing Services Group Inc.
MSGI 0.00010000.0%Mar 3 4:00 PM EST
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To: Austin S. who wrote (3411)1/8/2001 9:13:39 AM
From: SHGLaw   of 3418
 
Marketing Services Group Engages Goldman Sachs to Assist in Review ofStrategic Alternatives


NEW YORK, Jan. 8 /PRNewswire/ -- Marketing Services Group, Inc. (Nasdaq: MSGI), a leading provider of integrated marketing solutions, today announced that the Company has retained Goldman Sachs as its financial advisor. Goldman Sachs will assist MSGi in exploring possible strategic alternatives designed to maximize shareholder value. Such alternatives may include a possible sale of the Company or an investment in the company by a strategic partner. The Company notes there is no assurance that any transaction will be consummated.

Jeremy Barbera, Chairman and Chief Executive Officer of Marketing Services Group, commented, "Over the last several years, Marketing Services Group has invested in various initiatives which have brought significant value to our clients and dramatically increased our capabilities. We have also taken steps to fully integrate our business and to streamline our finances. Largely as a result of these actions, the December quarter was our most successful operational quarter to date as a public company. Unfortunately, we don't believe that our current stock price fairly reflects the value of our company today. To that end, we have retained Goldman Sachs to help us evaluate alternatives aimed at allowing our shareholders to maximize the value of their investment in Marketing Services Group."
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