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To: gambler who wrote (206)	5/7/1998 11:36:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 44908

Gambler, In your thread opening post, you mentioned that Compact Connection was acquired for only $1.6 million, which contradicts the following company press release. What was I missing? Regards, Tom Thursday February 19, 2:00 pm Eastern Time Company Press Release SOURCE: TeleServices International Group Inc. TeleServices International Group Inc. To Acquire Compact Connection, Inc. for $15 Million ST. PETERSBURG, Fla., Feb. 19 /PRNewswire/ -- TeleServices International Group Inc. (OTC Bulletin Board: TSIG - news), a leading inbound teleservices provider, today announced that it has signed a Letter of Intent to acquire 100 percent of Santa Ana, California-based Compact Connection, a leading wholesaler of compact discs and cassette tapes. Although exact terms were not disclosed, the transaction is valued at approximately $15 million. With $14 million in 1997 sales (1.4 million net profit) and 1.5 million customers, Compact Connection projects 1998 sales to exceed $35 million, with 10 percent net profit falling to the bottom line, and its client base to grow to over 10 million in the next two years. Currently, the Company has over 200 distributors across the United States with a client base that includes Coca-Cola and the U.S. Marines. ''The synergy is clearly evident,'' stated Robert Gordon, Chairman of TeleServices International Group, Inc. ''The tremendous growth of Compact Connection will continue now with improved inbound 800 service of our dedicated and professional teleservice representatives.'' ''It is rare that a company can exponentially grow without sacrificing service to the customer,'' stated Darrell Piercy, Chief Executive Officer of Compact Connection. ''Together, we are a formidable marketing powerhouse poised to reach $100 million in sales by year 2000.'' TeleServices International Group specializes in the effective and efficient handling of inbound toll-free calls. TeleServices maximizes the value of outsourced teleservices to its clients by combining a strategic commitment to customer satisfaction with proprietary technology and proactive marketing techniques. Its clients include Harley Davidson (NYSE: HDI - news), NIKE (NYSE: NKE - news) World Masters Game, Frontier Airlines, Country Living and some of the largest Convention and Visitors Bureaus (CVBs) in the Country including the cities of Los Angeles, Atlanta, Chicago, and Philadelphia. SOURCE: TeleServices International Group Inc.