Yes, he took those shares February 22nd, conveniently 3 days before this news below...
But could he trade those shares immediately? If not then where did he gain except from the obvious difference between the $0.15 and where the share price is heading. Bad enough but not the same as unloading into the news as you are maybe inappropriately suggesting. And if he could trade why would he unload knowing what he does?
Dr. Frankel, we need your answers. Where are you? Rg's looking pretty bad again, and I don't want to start anything, but...
Sword.Com
PR NEWSWIRE) TeleServices International Strikes Deal With Lifetime Learni
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), 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), 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.
-0- 02/25/99
/CONTACT: Paul Henry, TeleServices International Group Inc.,
727-897-4000, or info@tsig.com/
(TSIG)
CO: TeleServices International Group Inc.; Primedia, Inc.
ST: Florida
IN: CPR TLS
SU: JVN
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