Jemuel - there are between over 100,000 schools involved so one school is not a representative sample to ascertain success or failure. That is basic statistics. However, I do appreciate the feedback.
I would like to know the current breakout between the My PhotoCard and the My MusicCard since this PR was announced.
fast.quote.com.
TeleServices International Group Completes Agreement With Lifetime Learning Systems for Multi-Million Dollar Fund-Raising Programs in Over 100,000 Schools Throughout the United States
BusinessWire, Wednesday, February 24, 1999 at 11:14
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Feb. 24, 1999--
TeleServices International Group Inc. (OTC BB:TSIG), today
announced the completion of two agreements with Lifetime Learning
Systems ("Lifetime Learning") of Stamford, Connecticut, 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.
Visit TeleServices web site at stockprofiles.com, or
e-mail info@tsig.com.
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.
CONTACT: TeleServices International Group Inc., St. Petersburg
Paul Henry, 727/897-4000
or
VistaQuest Financial Public Relations, New York
Mark Kabbash, 212/551-7874
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