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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (9364)	1/23/1999 1:08:00 AM
From: Junkyardawg	Read Replies (1) \| Respond to of 90042

CustomerONE Holding Corporation Announces Tender of 72.5% of Issued and Outstanding Shares of LCS Industries, Inc. In Offer to Purchase Business Wire - January 22, 1999 18:40 DALLAS, Texas--(BUSINESS WIRE)--Jan. 22, 1999--CustomerONE Holding Corporation ("CustomerONE") announced today that it has been informed by American Securities Transfer & Trust Inc. ("AST&T"), the depositary in connection with CustomerONE's offer to purchase all of the issued and outstanding shares of common stock, par value $0.01 per share, of LCS Industries Inc. (NASDAQ:LCSI), that 3,553,319 shares of LCS, representing approximately 72.5% of the 4,898,447 issued and outstanding shares of LCS, had been validly tendered and not withdrawn in connection with the offer to purchase as of 3:30 p.m., New York City time on January 22, 1999. The tendered shares represent approximately 62.4% of the shares of LCS common stock on a fully-diluted basis. The offer is scheduled to expire at midnight, New York City time, on Friday, January 22, 1999. LCS Industries, Inc., headquartered in Clifton, New Jersey, is a leading provider of outsourced services for direct marketing companies in the United States. LCS specializes in catalog fulfillment, list marketing and computer services. Headquartered in Dallas, Texas, CustomerONE is an outsourced customer service provider. CustomerONE is a subsidiary of Onex Corporation, a diversified company with 1997 consolidated revenues of $11 billion, consolidated assets of $6.4 billion and 43,000 employees. Onex was ranked the 9th-largest company in Canada in 1997. It operates through autonomous subsidiaries that are leaders in their industries. They include LSG Sky Chefs, Celestica Inc., Lantic Sugar Limited, Dura Automotive Systems, Inc., Tower Automotive, Inc., SOFTBANK Services Group, North Direct Response Inc., Phoenix Pictures Inc. and Vencap, Inc. Onex shares trade on the Toronto and Montreal exchanges under the stock symbol OCX.