NEWS!
NEW YORK--(BUSINESS WIRE)--March 24, 1999--Marketing Services
Group, Inc. (Nasdaq: MSGI.O), an integrated marketing and Internet
services industry leader, today announced that it is in the process of
applying for listing on the Nasdaq National Market.
The Company believes that it meets all of the eligibility
requirements for listing, including market capitalization, total
revenue, public float and minimum bid price, however their can be no
assurance that such application will be approved.
"A listing on the NASDAQ National Market system will represent an
important milestone in the growth and stature of MSGI", commented
Jeremy Barbera, Chairman and Chief Executive Officer. " We are
confident that the increased visibility will be of important benefit
to our shareholders."
Earlier this month, MSGI announced the signing of a binding
agreement with CMGI, Inc. (Nasdaq: CMGI.O) to acquire its wholly-owned
subsidiary, CMG Direct Corporation, including its business unit known
as PermissionPlus, for a combination of stock and cash valued at $26
Million. Upon closing of the transaction, CMGI will become a 15
percent minority stockholder. |
