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WiredEmpire Continues Strong Growth of Client Base in 4th Fiscal Quarter; Total Clients Increase 30 Percent Over Previous Quarter
WEDNESDAY, JULY 5, 2000 12:01:00 PM EST
NEW YORK, Jul 5, 2000 (BUSINESS WIRE) -- WiredEmpire, a leading provider of online marketing automation software and services for e-business, and a majority-owned subsidiary of Marketing Services Group, Inc. MSGI, an Internet and integrated marketing services industry leader, today announced that its client base has increased by more than 30 percent over the third quarter of 2000. This increase is a tribute to the innovative e-marketing solutions offered to WiredEmpire's clients, and reflects a continuation of the Company's consistent new business growth.
Client wins for the June 30, 2000 quarter include EDS, EMC, Conjoin, Discount Tire Direct, Etera, eZiba.com, Hearst Business Media, RetailExchange.com, RoadRunner Sport, Think Service, TrainingNet, Universal Music, and ZDNet.
"We've experienced another strong quarter of new client wins in our WiredEmpire subsidiary," commented Jeremy Barbera, Chairman and Chief Executive Officer of MSGi. "The market for our business solutions remains strong and WiredEmpire's continued development of cutting-edge e-marketing solutions has driven another quarter of high-quality new business wins."
Mr. Barbera continued, "In addition, WiredEmpire has succeeded in implementing its suite of e-marketing solutions throughout its entire customer-base, which provides clients with comprehensive solutions specific to their individual needs. Going forward, we expect the continued acceptance of WiredEmpire's e-marketing solutions, and the growth of the Wired Empire business both in raw volume as well as depth of service."
About WiredEmpire
WiredEmpire is a subsidiary of Marketing Services Group, Inc. MSGI. Major stockholders in MSGi include GE Capital and CMGi, Inc. WiredEmpire provides marketing automation solutions aimed at creating and cultivating customer relationships through personalized online campaign management. WiredEmpire's solutions leverage a centralized customer database to track, store, generate and make actionable all customer touch-points. The company's core technology was developed by CMG Direct Corp., the original CMGi company, and stresses opt-in participation to ensure privacy. For more information please visit www.wiredempire.com.
About MSGi
Marketing Services Group, Inc. is a leader in the Internet and integrated marketing services industries. MSGi revenues have grown from $16 million in fiscal 1996 to more than $200 million on an annualized basis. GE Capital and CMGi are significant shareholders of the Company, with ownership interests of 16% and 9%, respectively.
MSGi has two business divisions, The Internet Group and The Direct Group. MSGi Direct provides integrated marketing services across all mediums. The Internet Group's primary focus is WiredEmpire and its Marketing Agent technology, providing Internet marketing, e-commerce applications, Web development and hosting, online ad sales and consulting. The Group's strategic objective continues to focus on acquiring, investing in and incubating Internet companies. MSGi Direct, which will continue to leverage the synergies across all its companies in marketing and technology, provides strategic planning, creative, direct marketing, database marketing and management, telemarketing, telefundraising, print production, mailing and media planning and buying.
Corporate headquarters are located at 333 Seventh Avenue, New York, NY 10001. Telephone: 917-339-7100. Additional information is available on the company's Website: msginet.com.
Matters discussed in this release include forward-looking statements that involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ are stated in the company's reports to the Securities and Exchange Commission including its 10-Q for the period ended March 31, 2000 and the annual report on Form 10-K for the year ended June 30, 1999.
CONTACT:Marketing Services Group, Inc.
Jamie Karlin
917/339-7100
jamie@msginet.com
or
Morgen Walke Associates
Michael Gallo
212/850-5600
mgallo@morgenwalke.com
URL:http://www.businesswire.com
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