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Microcap & Penny Stocks : MBTE The Volume is exploding -- Ignore unavailable to you. Want to Upgrade?

To: daaan who wrote (3)	6/16/1999 4:18:00 PM
From: daaan	Read Replies (1) \| Respond to of 7

Transmedia Asia Pacific, Inc. and Transmedia Europe, Inc.Acquire DSS Direct Connect LONDON, NEW YORK, and SYDNEY, Australia, June 14 /PRNewswire/ -- Transmedia Asia Pacific, Inc. (Nasdaq: MBTAE) and Transmedia Europe, Inc. (OTC Bulletin Board: MBTE) have jointly acquired DSS Direct Connect, L.L.C. (DBS), for common stock consideration. DBS provides localized turn-key sales, marketing and installation services for DirecTV, the leading provider of digital, "direct-to-the-home" multi-channel video programming services in the world. DBS is currently opening a national network of sales and installation offices throughout the United States. This acquisition marks a very important development for both Transmedia Asia Pacific, Inc. and Transmedia Europe, Inc. "I strongly believe that DirecTV is the premier satellite TV and video programming service in the United States. DBS' national sales office is rolling-out to directly market the brand leader in satellite TV to millions of US consumers, providing a significant platform to cross-promote our broadening e-commerce site 'countdownarcade.com', as well as future consumer-based products," commented Ed Guinan, chairman of both companies. The contracts in place allow for a significant stream of revenues to be created by selling and installing the DirecTV satellite product. As part of the transaction, William D. Marks, President and Chief Executive Officer of DBS, will become a member of the board of directors of both companies. Gleacher and Co., L.L.C. was retained by both Transmedia Asia Pacific, Inc. and Transmedia Europe, Inc. to advise on this acquisition, and also to act as strategic adviser to the companies in evaluating future opportunities. Transmedia Asia Pacific, Inc. and Transmedia Europe, Inc. operate a membership-based global e-commerce shopping site and a broad range of membership-based dining, travel and leisure discount programs in forty-seven countries. The companies also operate various membership-based helpline services. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the companies' products, increased levels of competition for the companies' existing and new products, technological changes, the companies' dependence upon third party suppliers, intellectual property rights and other risks detailed from time to time in the companies' periodic reports filed with the Securities and Exchange Commission. For further information, please contact either Ed Guinan or Paul Harrison on +44-171-930-0706. SOURCE Transmedia Europe, Inc. and Transmedia Asia Pacific, Inc. CO: Transmedia Asia Pacific, Inc.; Transmedia Europe, Inc.; DSS Direct Connect, L.L.C. ST: Australia, England, New York IN: CPR MLM REA SU: TNM 06/14/99 15:43 EDT prnewswire.com