Info about Investor Relations conversation from Yahoo...
FYI,
I just spoke with Robbie Raffish of Investor Relations (610)918-1675. She was very upbeat about MSGI's prospects for strong growth
in 1999 and a steady increase in their stock price.
She mentioned that the strong volume last week was primarily attributable to MSGI's strong e-commerce potential through their Pegasus
Internet operating division and that MSGI has received a lot more visibility based on strong investor interest in on-line ticketing, as was
evident with the TicketMaster (TMCS) IPO.
She explained that MSGI has 5 wholly owned operating divisions:
SD&A: the first telemarketing/telefundraising firm dedicated to not-for-profit industries such as the arts, entertainment and social causes.
Founded in 1983, Los Angeles, CA
Metro Direct: a leader in providing direct marketing and database marketing services to commercial, entertainment and not-for-profit
clients. Founded in 1987, New York, New York.
Pegasus Internet, Inc.: the premier online solutions provider for arts, entertainment and commercial clients. Founded in 1995, New York,
New York. Acquired by MSGI in July 1997.
Media Marketplace: providing direct marketing and advertising for national publishing, business-to-business and not-for-profit clients.
Founded in 1973, Philadelphia, Pennsylvania. Acquired by MSGI in December 1997.
Metro Fulfillment: a fulfillment services company that combines Internet commerce and production, web design, and online, real-time
database management with more traditional fulfillment methods. MFI's combined facilities are over 75,000 square feet of climate
controlled, state of the art warehouse. Founded in 1998, Valencia, California by MSGI.
She also stated that MSGI's business units serve more than 1,000 clients in dozens of industries. She had mentioned that MSGI was
shifting their business away from the telemarketing to a more balanced, less seasonally dependent income stream spread across several
businesses. She that that 66% of their business is now derived from Marketing Services. She also said that their Metro Direct subsidiary
was recognized by Inc. Magazine as the fastest growing direct marketing company in America for the past two years and that they've
retained over 90% of their over 500 clients.
See Part II also.
Good Investing!!
Double Digit |
