MSGI Marketing Services Group Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : MSGI Marketing Services Group Inc.

MSGI 0.0001000

0.0%

Mar 3 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mark Peterson CPA who wrote (1001)	5/20/1999 2:47:00 PM
From: Austin S.	Read Replies (1) of 3418

Mark Peterson, CPA - MSGI's most recent acquisition before Stevens-Knox and CMG-Direct was back in December of 1997. The Stevens-Knox acquisition was not completed until January 22, 1999. The earnings just posted were for the quarter ending March 31. Are you actually suggesting that MSGI's 51% increase in revenue was primarily attributable to MSGI's having Stevens-Knox on board for 2 months? This 51% growth clearly was primarily internally generated from new clients, sales, etc. Moreover, if you will read Monday's PR you will see that it states: ''We saw particular strength in our Internet Group, with 45% top line growth, primarily resulting from new business development and excluding recent acquisitions,'' said Jeremy Barbera, Chairman and CEO of MSGI. See the part about "excluding recent acquisitions?" Please explain how you've concluded that "MSGI failed to grow organically," particularly in the face of 3 publicized major new clients in just the first 4 months of this year?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next