To: ztect who wrote (24950 ) 4/9/1999 6:58:00 PM From: ztect Read Replies (1) | Respond to of 44908
Just a little more Q & A....Same post with some serious editting ============ Q. One more general question. What happened to cause this company to completely recreate itself? New management ====== A. Per my perspective, shift in management and focus had a lot to do with the timing of opportunities as these opportunities presented themselves. Company was strictly in teleservices....E-commerce was logical extension of this teleservices component as support for e-commerce sites. Original Teleservices was travel oriented, not phone support. Now teleservices is for support and also for outsourcing for other companies...so prior business didn't really go away. The business changed emphasis and expanded. Now the e-commerce component that presented itself initially was the acquisition of CCI. This acquisition fell through because CCI breached the contract with TSIG. TSIG though, because their was a breach, got intellectual property rights to the card concept and didn't have to compensated the former head of CCi.. who was a real sleaze IMO. CCI was the original CD site. The CCI card concept was supposedly fairly successful. Unfortunately not as successful as CCI's head claimed. Plus this guy also didn't compensate all of his former vendors apparrently. Thus getting rid of the jerk was good riddance and saved the company 7 mill shares..or something like that. While the old site was up, the new site was being developed by Hwang at Cohesive who was introduced to the CEO by Marty on this thread. Hwang had previously designed the Music Blvd Site, the Microsoft and netscape sites as well. After joining the BD of Directors of TSIG , Hwang subsequently joined the company and TSIG established a Silicon Valley office and presence....actually, I believe, as of this week the office is officially open. Hwang has a shiet load of connections as does the new PR firm. Hwang's wife I've read somewhere is at Netscape. Anyway so because of how agreements have progressed the company's b-plan has expanded to be an integrated website developer, e-commerce product provider with in house support that utilizes co-branded and branded cards of charities and corps for fund raising and product promotions to direct customers to sites and phone support for e-commerce. TSIG can also outsource its teleservice component. Sort of a long explanation, but that's how my take on things occurred. Again, hope this helps Sincerely, zDisclaimer: IMO TSIG has been successfully restructuring itself with an unique marketing strategy and integrated e-commerce business model with some very qualified new management. This restructuring is yet to be reflected in the company's filings. The company is fully reporting. These are my conclusions and mine alone. I encourage each and everyone to come to their own conclusions. I suggest those interested in understanding TSIG start their research via this link below to a website of compiled "due diligence". Do your own research before taking any position in any company to fully understand the risks associated with your investment decisions. This page includes several field reports on the company. geocities.com