This is the latest release - I would provide a link, but I was unable to so I hope it's okay to copy it here.
NEW YORK, July 15 /PRNewswire/ -- Marketing Services Group, Inc.
(Nasdaq: MSGI) announced today the completion of its acquisition of Pegasus Internet, Inc., a New York-based pioneer of on-line and interactive marketing.The tax-free transaction was valued at $2 million, according to Jeremy Barbera, chairman and chief executive officer. Founded in 1994 by marketing, computer design and networking experts from the music industry, Pegasus (www.pegasusnet.com) provides a full suite of Internet services including content development and planning, marketing strategy, on-line ticketing system development, technical site hosting, graphic design, multimedia production and electronic commerce. Pegasus is also the leading Internet consultant and presence provider for arts and entertainment organizations across the country, including more than 70% of the Broadway market. Barbera commented, "Pegasus has been developing progressive Internet solutions for the clients of Metro Direct and Stephen Dunn & Associates for two years and is already integrated into our organization. Their talented staff maintains the same degree of professionalism and expertise as our two subsidiaries, and has operated profitably since inception. New media has rapidly become a viable medium which is included in the marketing programs of
most organizations. Pegasus, as our third platform, will allow MSGI to access multi-media markets, which are being led by the new media pioneers of the world wide web." Robert Bourne, president of Pegasus Internet, Inc., said, "As the acknowledged leader in on-line application development for the arts and entertainment sectors, Pegasus is ideally positioned to capitalize on the rapidly maturing businesses of on-line commerce, event broadcasting and ticketing, and audience acquisition over the Web platform. We look forward to integrating our product package with that of MSGI, and to creating the most forward-looking marketing service enterprise in today's marketplace."
Marketing Services Group, Inc., formerly known as All-Comm Media
Corporation, provides database marketing services, custom telemarketing & telefundraising services and other direct marketing services to a diverse group of approximately 600 clients located throughout the United States and Canada. The Company operates through its wholly owned subsidiaries Stephen Dunn & Associates, Metro Direct and Pegasus Internet. This document may contain forward-looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially. These risk factors are listed in the Company's SEC filings, including their reports on Form 10-K and on Form 1O-Q.
SOURCE Marketing Services Group, Inc.
CONTACT: Andy Keller of The P.L. Thomas Group, 312-906-8060; or
www.virtualir.com/msgi |
