TSIG **NEWS**
Wednesday January 20, 11:57 am Eastern Time
Company Press Release
TeleServices International Group Teams With the Tampa Bay Lightning and the Ice Palace to Form Revenue-Sharing Partnership Using the MusicCard
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jan. 20, 1999-- TeleServices International Group, Inc. (OTC BB:TSIG), announced today a partnership agreement with the Tampa Bay Lightning of the National Hockey League and the 19,500-seat Ice Palace to generate revenue and raise funds through the sale of customized MusicCards. The collectible MusicCards enable the purchasers to purchase all CDs at discounted prices. The Ice Palace is both the home stadium of the Lightning and a multi-purpose entertainment facility hosting more than 140 events per year. TeleServices will provide the Lightning and the Ice Palace with customized MusicCards for Lightning home games and other events at the Ice Palace.
The agreement provides that TeleServices and the Lightning Ice Palace will share in the revenues from all MusicCard sales generated at Lightning home games, as well as concerts and other events held at the Ice Palace. In addition, MusicCards will be sold to benefit the Lightning Foundation and other charities.
TeleServices, a fully integrated provider of outsourced teleservices, provides the MusicCards and CDs through its wholly owned subsidiary Compact Connection, Inc. 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 (Nasdaq:NTKI - news), CDNow (Nasdaq:CDNW - news), K-Tel (Nasdaq:KTEL - news), and amazon.com (Nasdaq:AMZN - news). Unique to the Internet is Compact Connection's MusicCard, which enables purchasers to buy CDs at even greater discounted prices.
In addition to serving as the home of the Lightning, the Ice Palace hosts more than 140 events per year as a multi-purpose entertainment facility hosting such events such as concerts, ice shows, basketball, rodeo, circus, indoor soccer and lacrosse, arena football, and trade shows. Completed in the fall of 1996, the Ice Palace is considered one of the premier sports facilities and concert venues in the United States.
Phil Esposito, former NHL hall-of-famer and now a consultant to TeleServices, stated: ''We are very excited about teaming up with the Tampa Bay Lightning and the Ice Palace. We think the MusicCard is going to be great for sports promotion and for fund-raising for our favorite charities. We are already talking to other NHL teams.''
Added Robert Gordon, Chairman of TeleServices, ''We are thrilled about our new partnership with the Tampa Bay Lightning and the Ice Palace. With the able help of Phil Esposito, we are looking to expand the MusicCard to other NHL teams and then to football, baseball and other pro sports. Because the MusicCards are collectible and offer great value to the consumer, they are a natural for sports promotion.''
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, the ability of the Company and its partners to reach their goals, and other factors detailed in the Company's public filings with the SEC.
Contact:
TeleServices International Group, Inc., St. Petersburg Paul Henry, 813/897-4000 or VistaQuest Financial Public Relations Mark Kabbash, 212/551-7874
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