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

To: zenin who wrote (16968)	2/12/1999 8:09:00 PM
From: REW	Read Replies (1) \| Respond to of 44908

The explanation can be done fairly simply. At the time of the origional agreement the begining of an internet presence was felt. The teleservices area was faltering. The theory of the Card was discussed and deemed to be a tremendous marketing tool. Through the months of waiting and watching the attempts to cultivate the Card issue, the saving grace was the potential acquisition of CCI which would add, we thought, one million card customers and a distribution network. By the end of last year it was realised the old network and booked cards had to have deteriorated. Piercy's past dealings had caught up and trust of him had disolved. Now the CCI deal looked to be very expensive and full of baggage. The audit continued over one year and could never be completed due to every circumstance immaginable from CCI. That led to more belief of something shady in CCI land. This move today disolves all past dealings, exits Piercy, eliminates acquisition fees, leaves no stain except the fact we were there, and gives TSIG the MusicCard for its efforts free and clear. There is also so much that has occurred to progress TSIG that the CCI deal is no longer considered important to its success. There is so much on the table and coming soon to TSIG's closed deal category that the CCI deal is now small stuff(though smelly). Other old timers can further clarify this if you want but we are pleased it is over. Now we can get down to forward business.