To: Sam LBI nj who wrote (19081 ) 3/5/1999 12:07:00 PM From: Mylan Hart Read Replies (2) | Respond to of 44908
*************** TO ALL NEWS *************** TSIG's Products and Services Division to Offer Digital Video Disks in Addition to Music CDs andFilm Processing March 5, 1999 12:02 PM ST. PETERSBURG, Fla.--(BUSINESS WIRE)--March 5, 1999-- TeleServices International Group Inc. TSIG , today announced that its Products and Services Division will add Digital Video Disks (DVDs) to its line of products that will be available through its Internet sites and call center. TSIG previously announced that it would be offering music CDs and film processing. DVDs posted record sales in 1998, and insiders say DVD may revolutionize at-home movies as the Compact Disc changed the way we listen to music. Through its Products and Services Division, TSIG plans to launch a marketing campaign that will offer consumers all DVD titles available on the market today, including new releases on the day of release, all at wholesale pricing along with quick home delivery, direct to the consumer. Robert Gordon, TSIG Chairman, stated, "Adding DVDs to our product line is a natural next step. Our Products and Services Division will continue to offer new products to the consumer at discounted prices. DVD is fast becoming a major player in home entertainment, which is where we want to be." He added, "By offering consumers the opportunity to order products 24 hours a day 7 days a week, through both live operators and the Internet, we have a distinct advantage over most of our competition." TSIG operates three Divisions: OnLine Services, Products and Services, and TeleServices. The Online Services Division is a leading provider of secure, managed Internet solutions and other information technology products and services to businesses. The Products and Services Division forms revenue-sharing programs 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, DVDs, 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. 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 online services, for the products and services sold by the company, and for outsourced teleservices, (2) the ability of the company to execute its plans, (3) the availability of financing at favorable terms, and (4) other factors detailed in the Company's public filings with the SEC.