"ATTENTION" Let's Try Something New. I Have a Question for All TSIG Investors.
Everyone who invested in TSIG did so for their own reasons. Let's here your stories. I would be very surprised if it was anything different than the original business plan TSIG was putting together mid 1998.
The only thing I see different in TSIG's original direction is the dumping of a money losing division, "VSI", and instead of purchasing CCI, TSIG purchased their MusicCard concept, which in turn was less costly overall. By dumping VSI they got rid of a financial strain that was holding them back from moving forward with the Product Services Division.
Then they hire Hwang and crew to get heavily involved in Online Services and find that they bit off more than they could chew. The Online Services division was eating up all of their working capital. Consequently the other two core divisions began to suffer.
Decisions had to be made. Do we keep pumping dollar after dollar into a division that is not productive or do we concentrate our efforts in the core areas that we have sealed deals on with respectable revenue projections.
It's a no brainer for me to figure out. TSIG has several deals in place and several in the works.
Looks like to me that Gordon has the interests of the shareholders in mind. We have the deals that will generate revenue. Let's execute them and make TSIG successful in it's original b-plan. Then and only then start looking into other profit making ventures.
I would like to see your reasons.
Here is one of my reason to be invested in TSIG.
Regards,
Jerry (not spell checked)
**********************************************************************
ST. PETERSBURG, FLA. (April 20) BUSINESS WIRE -April 20, 1999--
Agreement Supports TSIG.com's Commitment to Building a Strong
Customer Base and Becoming an eBusiness Leader
TeleServices International Group, Inc. (OTC BB: TSIG), known as
TSIG.com, announced today that it has entered into an exclusive
private-label agreement with Nettaxi Inc. (OTC BB: NTXY), a premiere
commerce enabled community and portal website with more than 80 million
monthly page views.
Under the agreement, TSIG.com will provide electronic MusicCards on an
exclusive basis to Nettaxi members, allowing them to purchase music CDs,
cassettes, and video DVDs over the Internet at prices lower than all
major retail or online sources, via the myMusicCard.com website.
Nettaxi will sell the customized MusicCards through its website
storefront via a hyperlink to TSIG.com's, www.myMusicCard.com site.
Revenues from sales of the Music Cards and CDs will be shared between
TSIG.com and Nettaxi. The agreement supports TSIG.com's strategy to
aggressively build its position in the marketplace by partnering with
companies that have strong e-commerce presence and potential.
"The partnership with Nettaxi allows us to tap into the online community
phenomenon and build our customer base," said Robert Gordon, chairman of
TSIG.com. "The customers we gain today will become assets for the future
as we continue to execute strategic partnerships in support of our
mission to become the end-to-end eBusiness solutions leader."
"Consumers will purchase products and services online if the process is
easy, safe and delivers good value," added Robert Rositano Jr., CEO of
Nettaxi. "Our e-commerce strategy is to partner with companies that can
provide such a shopping experience for Nettaxi citizens and visitors.
The myMusicCard service promises to deliver incredible deals on music
selections from a secure and intuitive shopping environment."
TSIG.com recently launched its myMusicCard.com site, one of the first
e-commerce sites developed utilizing only Microsoft(R) software. The
site enables Internet users to purchase music CDs and cassettes over the
Internet at prices lower than all major retail and online sources.
myMusicCard.com offers more than 250,000 music selections from a
complete range of artists, and focuses on serving the music needs of
consumers. The site has the most robust search capability of any music
commerce site on the web, enabling consumers to search by any
combination of artist, title, release date, song name and other
criteria.
TSIG.com has established myMusicCard relationships with Babe Ruth League
Baseball, a 900,000 member organization; the Tampa Bay Lightning and the
Ice Palace, a National Hockey League Franchise; Lifetime Learning
Systems, the premier provider of corporate-sponsored educational
programs in more than 100,000 schools throughout the United States; the
National Music Foundation; and The Entertainment Marketing Promotion
Organization (TEMPO), which serves as the exclusive marketing agency for
AFIM (the Association For Independent Music) and represents the
corporate premium and incentive services of PolyGram Records and
Philips. About Nettaxi Inc. (http://www.nettaxi.com)
Nettaxi, Inc., with headquarters in Campbell, Calif., is a provider of
preeminent online communities. Through its web site at http://
www.nettaxi.com and its connected CD-ROM product "Internet The City,"
Nettaxi provides access to content and services such as free e-mail and
personal home pages. Nettaxi's various communities provide citizens
access to news, search engines, arts and entertainment information,
government records, financial data, educational material and sports
information. Nettaxi is the first online community to use the eCharge
transaction system (http://www.echarge.com) in conjunction with
e-commerce, allowing consumers to charge online purchases to their
monthly telephone bills rather than to credit cards. About TSIG.com
Headquartered in St. Petersburg, TSIG.com is a pioneer in providing
comprehensive outsourced e-business solutions. These services enable
companies to develop, build and maintain e-commerce web sites, create
revenue-generating programs with corporations and non-profit
organizations that attract consumers to customers' sites, and complement
these offerings with Web-based call center and related services that
provide customer service and support. |
