Anyone see this release yesterday? At $.40, it looks awful attractive!
TeleServices International Group Teams with Cohesive Technology Solutions toDevelop the Next-Generation E-Commerce System at Compactconnection.Com
ST. PETERSBURG, Fla., Dec. 15 /PRNewswire/ -- TeleServices International
Group, Inc. (OTC Bulletin Board: TSIG - news), today announced a partnership
with Cohesive Technology Solutions, Inc. to develop the next-generation
e-commerce system for TeleServices' Compact Connection. The announcement
builds on TeleServices' growth in the online retail market by leveraging
Cohesive's industry and technology expertise.
Compact Connection, Inc. (CCI), an online music retailer, is a subsidiary
of TeleServices, a fully integrated provider of outsourced teleservices.
Compact Connection sells CDs and cassettes online via its website
(http://www.compactconnection.com) at discount prices competitive with other
leading online music retailers such as MusicBoulevard and CDNow. Unique to
the Internet is Compact Connection's marketing of its MusicCard(TM), which
provides purchasers the ability to buy CDs and cassettes at even greater
discounted prices.
Cohesive, a leading IT consulting firm, has extensive experience in the
design and development of e-commerce systems, and will provide to TeleServices
technical consulting services including custom application development,
database design, and strategic analysis. Focusing on scalability and
extensibility, the new Compact Connection e-commerce site will be designed to
support TeleServices' growing customer base. The re-design will focus on
improved usability, rapid transaction processing, and seamless integration
with fulfillment systems.
"Cohesive is uniquely positioned to provide the full range of services
that will enable Compact Connection to continue its rapid growth," said John
Hwang, Cohesive Managing Partner. "With our experience working with clients
such as Netscape, Sunrider International, Microsoft, and N2K, we bring our
best practices experiences to TeleServices."
Added Robert Gordon, Chairman of Teleservices, "We believe that Cohesive
is the world's leading website developer and are excited about our
partnership. We will be linking Compact Connection's next-generation
e-commerce site to TeleServices' state-of-the-art call center, and will be
able to provide the most advanced and customer-friendly Internet shopping
experience available today."
About Cohesive Technology Solutions, Inc.
Cohesive is a leading information technology consulting organization with
headquarters in Palo Alto, CA. The privately held company serves its clients
from regional divisions in Boston, Chicago, the Gulf Coast, London, New York,
and San Francisco/Silicon Valley. Cohesive is funded by Welsh Carson Anderson
& Stowe, one of the largest providers of private equity in the United States.
Cisco Systems is a minority owner and strategic partner of the firm.
Cohesive's consultants provide expertise in business consulting,
networking, and application development. Specific areas of expertise include
IT strategy; project management; network design, integration, and management;
IT security; e-mail and messaging; database design and integration; and
Internet and Intranet application development. The company serves customers
across the U.S., including Hewlett Packard, Oracle, GTE Internetworking, Wells
Fargo Bank, Ameritech, the Chicago Tribune, Georgia Gulf, Louisiana Department
of Social Services, and Stanford University, as well as numerous small and
medium-sized companies. For more information, visit the company's Web site at
cohesive.com, send e-mail to inquiries@cohesive.com, call 650-855-
1700 or fax at 650-855-1715.
About TeleServices International Group, Inc.
TeleServices International Group, Inc. is a provider of fully integrated
global teleservices to companies focused on selling products and services
through toll-free numbers and the Internet. The Company's wide array of
teleservices includes telephone sales/order capturing, customer service and
product support as well as direct-response advertising. Visit TeleServices
web site at stockprofiles.com, or e-mail info@tsig.com.
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 competition in the markets for outsourced
teleservices and for retail compact discs, the availability of financing at
favorable terms, and other factors detailed in the Company's public filings
with the SEC.
SOURCE TeleServices International Group, Inc.
CO: TeleServices International Group, Inc.; Cohesive Technology Solutions,
Inc.
ST: Florida, California
IN: TLS
SU: PDT
12/15/98 12:36 EST prnewswire.com |
