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

To: secureit who wrote (24192)	4/5/1999 7:20:00 PM
From: V$gas.Com	Respond to of 44908

Rock and Roll: Tuesday March 2, 5:52 pm Eastern Time Company Press Release TeleServices International Group Reorganizes Into Three Divisions and Announces Plans to Operate Under the Name TSIG.com ST. PETERSBURG, Fla.--(BUSINESS WIRE)--March 2, 1999-- TeleServices International Group Inc. (OTC BB:TSIG) Tuesday announced the completion of the reorganization of TSIG into three divisions: the OnLine Services Division, the Products and Services Division, and the TeleServices Division. TSIG also announced plans, subject to shareholder approval, to rename the company TeleServices Internet Group Inc. and to operate under the name TSIG.com. Over the past several weeks, TSIG has announced the appointment of three Senior Vice Presidents to head up the newly formed divisions. John Hwang, former Managing Partner at Cohesive Technology Solutions, a leading information technology consulting firm, will head the OnLine Services Division and act as Chief Information Officer for the reorganized TSIG. Hwang also serves on TSIG's Board of Directors. Robert Newton, former operations executive with Century 21, will head the Products and Services Division. Keith Wine, formerly at Norrell Corporation, will head the TeleServices Division. The management and Board of Directors of TSIG have decided that renaming the company TeleServices Internet Group, doing business as ''TSIG.com,'' better reflects the strategy and business mix of the company. The company will seek shareholder approval for the name change at a shareholder meeting to be scheduled. Commenting on the changes, James Guild, TSIG President, stated, ''We are pleased to announce that we have restructured TSIG into three divisions, and more importantly, that we have recruited outstanding executives to run each of the divisions. Our new name more accurately describes our business of providing Internet solutions and teleservice support to domestic and international companies through state-of-the-art facilities, telecommunications and products.'' Added Robert Gordon, Chairman, ''With the changes we are announcing today, 'TSIG.com' now has the right name, the right management team, and the right corporate structure. In keeping with our focus on the Internet, our OnLine Services Division provides Internet solutions that will enable companies to outsource to TSIG more and more of their information technology requirements. Through our Products and Services Division, we will drive new customers to the Internet through fund-raising programs with corporations, schools, and non-profit organization. The TeleServices Division will have its own corporate customers and will support the OnLine Services Division and the Products and Services Division.'' 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, 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 the company plans to sell, 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.