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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (24876)2/10/1999 8:02:00 PM
From: puborectalis  Read Replies (1) of 120523
 
Want a beaten down stock ...look at TNO NEW YORK, Jan. 12 /PRNewswire/ -- The Financial Relations Board (FRB), the

nation's third-largest independent public relations firm, has entered into an

agreement to combine with BSMG Worldwide, the public relations arm of True

North Communications (NYSE: TNO), in a pooling of interests transaction valued

at approximately $33 million, it was announced today.

Under terms of the agreement, FRB, which had gross revenues for 1998 of

approximately $32.5 million, will operate as a division of BSMG Worldwide,

while maintaining its present structure. The combination is expected to

create the sixth-largest public relations firm in the world, with nearly

900 employees and more than $120 million in annual revenues. During the past

two years, the public relations industry trade press has recognized BSMG and

FRB as two of the fastest-growing public relations and investor relations

firms in the world, respectively. THIS IS A REAL MONEY WINNER>

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