TMGS.012..DD/UPDATE/News out 5/22..READ 4th Paragraph!...
TMGS took a major dip yesterday...
But they are far from over..
NOTE the 4th paragraph.
May 22, 2001 13:33
The Murdock Group Relocates to New Facility
SALT LAKE CITY--(BUSINESS WIRE)--May 22, 2001--The Murdock Group Holding
Corp. (OTC BB: TMGS) Tuesday announced its move to their new facility.
The Murdock Group announced today that it has relocated to a new facility
at 4084 South Commerce Drive, Murray, UT 84107, 13 blocks north of its
previous location. The building is approximately 8,000 square feet of
built-out office space with excellent frontage and freeway access.
K.C. Holmes, president and chief executive officer, noted, "In the two
weeks we have been in the new building we have experienced an increase in
our walk-in traffic business of almost 20 percent. We are excited about the
new location and believe that the substantial rent savings combined with the
increased revenue should allow our career coaching business to be profitable
and cash flowing in June.
"We apologize for the lack of press releases and information available over
the last several weeks. We will have our quarterly report and several material
press releases outlining exciting company direction and revenue information
out shortly."
About The Murdock Group
Founded in 1983, The Murdock Group has emerged as a business incubator with
emphasis in the employment industry. The Murdock Group has incubated
Internet offerings MyJobSearch.com, an employment portal, and
CareerWebSource, a BtoB employment information company, as well as a full
service brick and mortar career-coaching provider.
The Murdock Group also has a real estate development group specializing in
commercial cash flow projects.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. While these statements are made to convey
the company's progress, business opportunities and growth prospects,
readers are cautioned that such forward-looking statements represent
management's opinion.
Actual company results may differ materially from those described. The
company's operations and business prospects are always subject to risk and
uncertainties.
A more extensive listing of risks and factors that may affect the business
prospects of the company and cause actual results to differ materially from
those described in the forward-looking statements can be found in the
reports and other documents filed by the company with the Securities and
Exchange Commission.
CONTACT: The Murdock Group, Murray
Stephen Fitzwater, 801/268-3232
e-mail: sf@murdock.com
Website: www.murdock.com
MURDOCK GRP HOLDING CORP(THE) -
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05/22/01 18:03 PM EDT
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