Company Press Release
Just a friendly reminder of what's ahead.
TSIG.com's Online Services Division to
Establish Headquarters in Silicon Valley
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--March 8, 1999--
TeleServices International Group Inc. (OTC BB:TSIG - news), known
as TSIG.com, Monday announced that its newly formed Online
Services Division will establish offices in Silicon Valley, Calif.
The Division will run daily operations out of this location, including sales, marketing, and
development of Online Services Products.
The Online Services Division is headed by John Hwang, senior vice president and chief
information officer. Hwang, also a director of TSIG.com, was most recently managing partner at
Cohesive Technology Solutions, a leading information technology consulting firm, where he was
responsible for e-commerce and Internet strategy consulting for such clients as Netscape
(Nasdaq:NSCP - news), Microsoft (Nasdaq:MSFT - news) and Oracle (Nasdaq:ORCL - news).
Commenting on the decision, Hwang observed: ''We believe that Silicon Valley is the natural
home for TSIG.com's Online Services Division. As a pioneer of cutting-edge products, we
believe we must be situated in the heart of technological innovation and talent.''
TSIG.com's Online Services will offer next-generation ISP products and services to businesses
on a subscription rental basis. These products and services will include e-commerce packages
and industry vertical solutions.
TSIG.com also operates two other Divisions: Products and Services, and TeleServices. The
Products and Services Division forms revenue-sharing programs with corporations and
not-for-profit organizations to raise funds with its My Card programs for the retail sale of music
CDs, Kodak film and film processing, video DVDs, and a rapidly expanding array of other
products. The TeleServices Division supports Products and Services as well as its own
corporate customers through its state-of-the-art call center, which provides fully integrated
global teleservices to companies selling products and services through toll-free numbers and the
Internet.
This press release contains ''forward-looking statements'' within the meaning of Section 27A of
the 1933 Securities Act and Section 21E of the 1934 Securities Exchange Act. Actual results
could differ materially, as the result of such factors as (1) competition in the markets for online
services, for the products and services the company sells and plans to sell, and for outsourced
teleservices, (2) the ability of the company to execute its plans, (3) the availability of financing
at favorable terms, and (4) other factors detailed in the company's public filings with the SEC.
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