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Gold/Mining/Energy : Mosaic Group (MGX.TO) -- Ignore unavailable to you. Want to Upgrade?

To: sPD who wrote (32)	11/4/1999 12:05:00 PM
From: sPD	Read Replies (1) \| Respond to of 67

Mosaic Wins Significant E-Commerce Contracts November 4, 1999 TORONTO, ONTARIO--Mosaic Group Inc. (TSE: MGX), Canada's leading outsourced marketing services agency, today announced two multi-year e-commerce contracts. Mosaic subsidiary, eForce Inc. and partner Intelecom Systems Inc. (20% owned by Mosaic) will use a proprietary billing technology to provide innovative transactional e-commerce solutions for EastLink Telephone and Homeservice Club of Canada. The five-year contract for EastLink Telephone is estimated to be worth $15 to $20 million in revenues to eForce, with the three year contract for Homeservice Club worth an estimated $8 to $10 million, depending on customer penetration levels achieved. eForce has created a unique program for EastLink's 200,000 cable subscribers called EastLink Long Distance. The program will be expanded to non-cable customers in the near future, allowing EastLink to sell the service anywhere in Canada. EastLink Long Distance tracks and rates each customer's monthly usage against the top three long distance plans and bills according to the lowest. EastLink Telephone is a Maritime-based telecommunications company that is Canada's first provider of local telephone service using 'voice over cable' technology. The innovative eForce program represents a broadening of services for EastLink, which now offers its subscribers a portfolio of services including local telephone service, high-speed Internet, cable and long distance. For Homeservice Club, a 50,000-member Toronto-based organization that protects the interests of homeowners, eForce has created a program that selects the lowest-priced long distance plan for each subscriber call and calculates an additional 5 percent off as a credit towards Homeservice Club home repair, renovation and 24-hour emergency services. Subscribers to these new programs will have the added benefit of multiple payment options and multiple statement delivery methods, including delivery by post, fax, e-mail or viewing on a password-protected website. "We are excited about the increasing size and sophistication of our e-commerce contract wins. Our e-commerce platform is an area where Mosaic can provide value-added service to our clients and help them achieve their goals of increasing market share and retaining customers. EForce has made considerable progress since entering the e-commerce market last year - we now have three customers including our CIBC Guaranteed Proof program, have a 20% strategic investment in Intelecom our technology service provider, and have a business that is generating operating earnings. Our goal is to quickly take the eForce and Intelecom platform farther," said Michael Preston, Chairman and CEO of Mosaic Group. Mosaic Group Inc., with operations in the United States, Europe and Canada, provides outsourced marketing services on an integrated basis to leading corporations serving international markets. Mosaic combines strategic thinking with leading-edge technologies to effectively deliver immediate and measurable results for its clients. Marketing solutions include electronic marketing, e-commerce, new media services, contract sales, merchandising, field marketing, direct marketing, database development and management, product promotion, corporate communications and sales force training. Mosaic, which has approximately 71 million shares outstanding, trades on the TSE under the symbol MGX. www.mosaicgroupinc.com -30- FOR FURTHER INFORMATION PLEASE CONTACT: Ben W. Kaak EVP & CFO Mosaic Group Inc. (416) 813-4272 kaakb@mosaicgroupinc.com or Catherine Linley Public Relations Mosaic Group Inc. (416) 813-4277