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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG) -- Ignore unavailable to you. Want to Upgrade?

To: JEFF BERRY who wrote (1069)	6/5/1998 2:58:00 AM
From: gambler	Read Replies (1) \| Respond to of 44908

I do feel however that it is likely that there will be modifications to the deal in light of the declining earnings numbers. First reported 1.4 mill Then 800k...final number?...Yet to be seen. Good I hope there is modifications. I hope their numbers were 0 instead of $800k then maybe we will give them half as many shares as we did. Any adjustments will be in the favor of TSIG no doubt. So then who cares if there are adjustments? Pleasant surprise. Plus it isn't gonna happen anyways guys so don't cross your fingers on getting back any of the 6 million shares. Damn. I believe that the time it takes to finalize the transaction will be a contributing factor in the delay of a CCI launch and roll out of the web site. After all is it not in the best interest of TSIG shareholders to perform wise and prudent due dilligence so as to protect shareholder value as opposed to recklessly forging ahead? If you haven't read them yet, read them now. ------------------------------------------------------------------------- TeleServices International Group Inc. Completes Definitive Agreement to Acquire Compact Connection, Inc. ST. PETERSBURG, Fla., March 12 /PRNewswire/ -- TeleServices International Group Inc. (OTC Bulletin Board: TSIG - news), an inbound teleservices provider, today announced that it has signed a definitive agreement to acquire 100 percent of Santa Ana, California-based Compact Connection, Inc. , a leading wholesaler of compact discs and cassette tapes. The transaction is valued at $15 million. Exact terms were not disclosed and closing of the acquisition is contingent on satisfactory completion of both an audit of Compact Connection's financial statements and TeleServices' due diligence review. ---------------------------------------------------------------------------------------------- Thursday April 30, 10:51 am Eastern Time Company Press Release SOURCE: TeleServices International Group Inc. TeleServices International Group Inc. Completes Acquisition of Compact Connection, Inc. ST. PETERSBURG, Fla., April 30 /PRNewswire/ -- TeleServices International Group Inc. (OTC Bulletin Board: TSIG - news), a fully integrated provider of outsourced teleservices, today announced that it has completed the acquisition of the assets of Santa Ana, California-based Compact Connection, Inc. (CCI) , one of the ten largest direct music marketers in the United States, in an all stock transaction valued at $15 million. TeleServices will operate the business of CCI through a newly formed subsidiary of the Company. ----------------------------------------------------------------------------------------------------------- Can you see the difference in these 2 press releases? Definitive agreement vs. Completion of acquisition From the March 12 release: Exact terms were not disclosed and closing of the acquisition is contingent on satisfactory completion of both an audit of Compact Connection's financial statements and TeleServices' due diligence review. April 30th release doesn't say anything about the fact that the satisfactory completion, audit, and DD review hasn't been accomplished. On the contrary, the first report March 12 says that the deal won't be done until this has been completed. Woe, low and behold, then on April 30 they announce the deal is done. I ask you this: If in fact the deal wasn't done why make the second press release? From what you are saying it would appear that the progression from the 1st release to the 2nd was non-existent and that it was just a waste of time to make the 2nd release. While doing my DD I did not see one mention of the the downwardly adjusted earnings fiqure (unaudited) of $800k that has been available since 4/30. Right up until 6/2 the earnings number for CCI was still being touted on this thread at 1.4 mill...... Well all your thorough DD that you did must not have taken you all the way to the header of this thread because I clearly have $800k stated as my earnings figure for CC in '97. Thread started May 1. (that's on the header too if you get a chance to read it while doing your extensive DD) Compact Connection : ------------------------------------ Shares Outstanding: 31 Million Share price: $0.27 Market cap: $8.37 Million '97 Revenues: $11 Million '98 Revenues (Projected):$35 M Earnings '97: $800 Thousand I also believe that the earnings results of CCI are of material interest to TSIG investors. The 1.4 mill had been highly touted suggesting CCI had the uncanny ability to sell cd's at a price substantially below the competition and still post earnings of 10%. If the final earnings numbers are someone less attractive then $800k this may have a bearing on the companies ability to move forward with the same "We have the lowest price" strategy. Why will an earnings figure of less than $800k have any bearing whatsoever with its "ability to move forward with the same `We have the lowest price' strategy?" So then, they will be forced to raise their CD prices if their financials don't show $800k? Is this what your are saying? Also, let me ask you this: What are CD Now and N2K's profit margins? Are they 10%, 5%, 1%? I bet you can't answer that because they both won't see any black in their financial statements until the millennium. As far as I'm concerned we are still better off. Any black on our statements whether it be 10%, 5%, or .00001% we are still better off than CDNow and N2K so get over it. Move on. Ask me your next question I am tired of this stupid question. I am wasting too much of my personal time on crap like this. Obviously nothing will convince you. First your main concern was the financing, that was answered. Now all you got left to talk about the CC deal not going through and that the shares may be less and blah, blah, blah. All these situations have odds of about 1 million to 1 of them happening. You had very good questions and points before, but frankly now you are boring me with this CC/ TSIG deal crap. Give me something good that I can bite on here. Something with some substance.