Pretty big one in my opinion:
Thursday February 25, 9:00 am Eastern Time
Company Press Release
SOURCE: TeleServices International Group Inc.
TeleServices International Strikes Deal
With Lifetime Learning Systems For
Multi-Million Dollar Fund-Raising
Programs in Over 100,000 Schools
ST. PETERSBURG, Fla., Feb. 25 /PRNewswire/ -- TeleServices International Group Inc.
(OTC Bulletin Board: TSIG - news), today announced the completion of two agreements with
Lifetime Learning Systems (''Lifetime Learning'') of Stamford, Conn., for nationwide in-school
fund-raising programs for TSIG's My PhotoCard and My MusicCard programs. Under the
agreements, the schools will be conducting fund-raising programs using My PhotoCard for
Kodak film and film processing services, and My MusicCard for CDs, DVDs and cassettes. Both
programs will benefit the participating schools and the National Music Foundation, as well as
TSIG.
In the My PhotoCard program, Lifetime Learning will create, produce and distribute fundraising
kits for implementation at more than 48,510 elementary schools nationwide. In the My
MusicCard program, Lifetime Learning will generate and distribute fund-raising kits to more
than 53,725 middle and senior high schools. Both programs are exclusive and will be available
to 50,000,000 students.
Robert Gordon, Chairman of TeleServices, stated: ''Lifetime Learning Systems is a stellar
organization, with almost unique access to the schools. Children in schools and their parents
represent two of the major markets for music CDs, and for film and film processing. These
programs should be a big hit for the schools, the National Music Foundation, and for TSIG. We
anticipate that the schools and the National Music Foundation will be able to raise tens of
millions of dollars for their programs. TSIG's goal is to sell at least 7,000,000 cards and to
generate in excess of $200,000,000 in revenues with substantial profits from the sale of the
cards, film, film processing, and recorded music from these programs.''
Added James Guild, TSIG President, ''These agreements with Lifetime Learning Systems open
up an enormous audience for TSIG and give us access to virtually every public and private
elementary school, middle school, and high school in the United States. In an era where school
budgets and funding are being cut, TSIG is proud to offer teachers and schools innovative
fund-raising programs which will enable the schools to raise many millions of dollars to
enhance their budgets and curriculum.''
Lifetime Learning Systems, a subsidiary of Primedia, Inc. (NYSE: PRM - news), is the nation's
recognized leader in the creation and dissemination of corporate-sponsored educational
materials. Since 1978, Lifetime Learning has created over 1,000 educational programs for more
than 350 leading corporations, including American Express, AT&T, Coca-Cola, Delta Air
Lines, Kodak, General Mills, GM, Hershey, McDonald's, Microsoft, Nabisco, Pepsi, PolyGram
Records, Sears, Sony, TI, and Walt Disney. Lifetime Learning works with almost every school
in the country, from day care through college, and has over 2.2 million teachers and
administrators in its database of the schools where their programs are used consistently.
TeleServices International Group Inc. operates three Divisions. The Online Services Division is
a leading provider of web and e-commerce products and services for businesses. The Products
and Services Division forms revenue-sharing partnerships 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, and a rapidly expanding array of other products. The TeleServices
Division supports the other two divisions and 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. For further information,
contact TeleServices at info@tsig.com.
For more information, please contact: Paul Henry, TeleServices International Group Inc.,
727-897-4000
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
outsourced teleservices, for film and film processing, and for retail compact discs, (2) the ability
of TSIG and Lifetime Learning Systems to execute their plans, (3) the availability of financing at
favorable terms, and (4) other factors detailed in the Company's public filings with the SEC.
SOURCE: TeleServices International Group Inc. |
