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To: Popiye who wrote (31727)2/29/2000 3:36:00 PM
From: chapin  Respond to of 150070
 
(BSNS WIRE) TSIG.com Engages Investment Bank for up to $40 Million Equit
TSIG.com Engages Investment Bank for up to $40 Million Equity Financing;
Announces Special Shareholders' Meeting


Business Editors/Technology Writers

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Feb. 29, 2000--
TeleServices Internet Group Inc. (OTCBB:TSIG), known as
TSIG.com, today announced that it has entered into a letter agreement
engaging a prominent New York based investment banking firm as its
exclusive agent for a private placement financing of up to
$40 million.
SEC rules prohibit the company from identifying the investment
banking firm. It is contemplated that the proposed private placement
would be for a common stock equity line of credit. The securities will
not be registered under the Securities Act and may not be offered or
sold absent a registration or an applicable exemption from
registration, but the investors would have registration rights. Other
terms of the offering are unknown at this time.
The bank has advised TSIG.com that before this financing can be
completed, the company must restructure its existing capitalization by
reducing the number of shares of common stock outstanding. The company
plans a shareholder meeting on March 27, 2000, to consider such
restructuring.

About TSIG.com

Headquartered in St. Petersburg, Florida, TeleServices Internet
Group Inc., known as TSIG.com, created the My MusicCard program
(http://www.mymusiccard.com) to enable consumers to purchase CDs and
cassettes at the lowest prices, and to develop revenue-generating
programs with corporations and non-profit organizations that drive
consumers to customers' Internet sites for the lowest cost in the
industry. Similarly, TSIG.com's My PhotoCard programs provide the
lowest cost film processing and Kodak film. These unique marketing
programs provide high margin returns and help build brand loyalty and
awareness within target communities. TSIG.com also provides customer
service and support with its web-based call center and related
services.

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 the products and services sold by the company, (2) the
ability of the company to execute its plans, (3) the availability of
financing at favorable terms, and (4) other factors detailed in the
company's public filings with the SEC.

--30--jd/mi*

CONTACT: TSIG.com, St. Petersburg
Paul Henry, phenry@tsig.com
Richard Wheeler, dwheeler@tsig.com
727/897-4000

KEYWORD: FLORIDA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET ELECTRONIC
GAMES/MULTIMEDIA TELECOMMUNICATIONS E-COMMERCE

Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com




*** end of story ***



To: Popiye who wrote (31727)3/1/2000 10:02:00 AM
From: Popiye  Respond to of 150070
 
TELI news release:Wednesday March 1, 8:01 am Eastern Time

Company Press Release

Guinness Telli-Phone Launches TelliPages In Marin County

Launch Marks First Step of National Campaign

MILL VALLEY, Calif.--(BUSINESS WIRE)--March 1, 2000--Guinness Telli-Phone (OTCBB:TELI - news), a leader in the field of Information Appliance Technology, announced today that it has launched its proprietary digital TelliPages Directory, in Marin County, Calif.

This comprehensive, instant, online service is the first step of a national campaign to address an untapped U.S. market of people who want a quick, accurate, functional, and comprehensive alternative to the Internet.

Guinness Telli-Phone's TelliPages Directory is an online, interactive digital Yellow Pages directory with value-added services that include community and school news, schedules, updates, agendas, events, and classifieds. The TelliPages Directory allows consumers to keep track of events that change daily such as movie listings and show times, Little League scores, game schedules, practice timetables, and the soup of the day at the local deli. Advertisers are able to update their TelliPages Directory ads daily providing an
advertising platform superior to the one-time annual billboards that appear in the Yellow Pages.

The TelliPages Directory provides complete, accurate Yellow Pages listings in an intelligent, interactive, digital format. The system will soon provide instantaneous access to vital information for the estimated one-half of U.S. households that do not have PCs, but who still want push button access to regional and community information.

``We at Guinness Telli-Phone are very excited by the launch of our TelliPages in Marin County. The TelliPages Directory represents years of dedicated work by the Telli-Phone team, and marks our first move into this virtually untapped American Market. We feel that once the accuracy, ease, and functionality of the TelliPages directory is recognized, it will be embraced by consumers throughout the United States,' said Lawrence Guinness, president & chief executive officer of Guinness Telli-Phone.

About Guinness Telli-Phone

Guinness Telli-Phone is the leader in Information Appliance Technology for U.S. households. Guinness Telli-Phone has developed an online information system that is delivered through its proprietary technology, and is distributed to consumers for free. The TelliPages digital directory delivers vital localized yellow pages and community information to households at no cost to the consumer. For more information visit www.telli.com.

Statements under the Private Securities Litigation Reform Act: with the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to product development and acceptance, manufacturing,
competition, regulatory and/or other factors, which are outside the control of the company.

Contact:

Vision Corporate Consulting
Colby Sambrotto, 212/509-4565
colby@visioncc.net