IT LOOKS LIKE REPOST OF SAME NEWS
********** TO ALL NEWS **********
TeleServices International Strikes Deal With Lifetime Learning Systems
For Multi-Million Dollar Fund-Raising Programs in Over 100,000 Schools
February 25, 1999 09:00 AM
ST. PETERSBURG, Fla., Feb. 25 /PRNewswire/ -- TeleServices International
Group Inc. TSIG , today announced the completion of two agreements with
Lifetime Learning Systems ("Lifetime Learning") of Stamford, Conn., for
nationwide in-school fund-raising programs for TSIG's My PhotoCard and My
MusicCard programs. Under the agreements, the schools will be conducting
fund-raising programs using My PhotoCard for Kodak film and film processing
services, and My MusicCard for CDs, DVDs and cassettes. Both programs will
benefit the participating schools and the National Music Foundation, as well as
TSIG.
In the My PhotoCard program, Lifetime Learning will create, produce and
distribute fundraising kits for implementation at more than 48,510 elementary
schools nationwide. In the My MusicCard program, Lifetime Learning will
generate and distribute fund-raising kits to more than 53,725 middle and senior
high schools. Both programs are exclusive and will be available to 50,000,000
students.
Robert Gordon, Chairman of TeleServices, stated: "Lifetime Learning Systems is
a stellar organization, with almost unique access to the schools. Children in
schools and their parents represent two of the major markets for music CDs, and
for film and film processing. These programs should be a big hit for the schools,
the National Music Foundation, and for TSIG. We anticipate that the schools and
the National Music Foundation will be able to raise tens of millions of dollars for
their programs. TSIG's goal is to sell at least 7,000,000 cards and to generate in
excess of $200,000,000 in revenues with substantial profits from the sale of the
cards, film, film processing, and recorded music from these programs."
Added James Guild, TSIG President, "These agreements with Lifetime Learning
Systems open up an enormous audience for TSIG and give us access to virtually
every public and private elementary school, middle school, and high school in the
United States. In an era where school budgets and funding are being cut, TSIG is
proud to offer teachers and schools innovative fund-raising programs which will
enable the schools to raise many millions of dollars to enhance their budgets and
curriculum."
Lifetime Learning Systems, a subsidiary of Primedia, Inc. PRM , is the nation's
recognized leader in the creation and dissemination of corporate-sponsored
educational materials. Since 1978, Lifetime Learning has created over 1,000
educational programs for more than 350 leading corporations, including American
Express, AT&T, Coca-Cola, Delta Air Lines, Kodak, General Mills, GM, Hershey,
McDonald's, Microsoft, Nabisco, Pepsi, PolyGram Records, Sears, Sony, TI,
and Walt Disney. Lifetime Learning works with almost every school in the
country, from day care through college, and has over 2.2 million teachers and
administrators in its database of the schools where their programs are used
consistently.
TeleServices International Group Inc. operates three Divisions. The Online
Services Division is a leading provider of web and e-commerce products and
services for businesses. The Products and Services Division forms
revenue-sharing partnerships with corporations and not-for-profit organizations to
raise funds with its My Card programs for the retail sale of music CDs, Kodak
film and film processing, and a rapidly expanding array of other products. The
TeleServices Division supports the other two divisions and its own corporate
customers through its state-of-the-art call center, which provides fully integrated
global teleservices to companies selling products and services through toll-free
numbers and the Internet. For further information, contact TeleServices at
info@tsig.com.
For more information, please contact: Paul Henry, TeleServices International
Group Inc., 727-897-4000
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 (1) competition in the markets for outsourced teleservices, for film and film
processing, and for retail compact discs, (2) the ability of TSIG and Lifetime
Learning Systems to execute their plans, (3) the availability of financing at
favorable terms, and (4) other factors detailed in the Company's public filings with
the SEC. |
