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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: Jazzbo who wrote (17093)2/14/1999 5:28:00 PM
From: Ellen  Read Replies (3) of 44908
 
I understand it to be that the company answered that in Friday's release.

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Feb. 12, 1999-- TeleServices International Group Inc. (OTC BB:TSIG - news), a provider of outsourced teleservices and music CDs through the Internet, announced today that it had terminated its agreement to acquire the assets of Compact Connection, Inc. (CCI), a Nevada corporation, and reached agreement to proceed to market and sell MusicCard products on its own.

So the agreement to acquire the assets is terminated. The licensing - the exclusive right to market the card concept - remains in effect. Under the licensing agreement, Piercy receives the 1% net royalty.
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