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

To: David M. Boerman who wrote (29946)	6/3/1999 9:38:00 AM
From: chapin	Read Replies (2) \| Respond to of 44908

(BSNS WIRE) TSIG.com Reorganizes to Focus on myMusicCard and Call Center TSIG.com Reorganizes to Focus on myMusicCard and Call Center Business & Entertainment Editors/Technology Writers ST. PETERSBURG, Fla.--(BUSINESS WIRE)--June 3, 1999--TeleServices International Group Inc. (OTC BB:TSIG), known as TSIG.com, today announced that the company is downsizing its operations to focus on its myMusicCard program and its Web-based call center. The company will reduce overhead dramatically and will devote its resources to the significant revenue opportunities it has developed over the past twelve months. As part of its strategic realignment, the company has eliminated its Online Services Division and by mutual understanding has accepted the resignations of James Guild and Robert Newton. The duties of overseeing the operations of the company will be assumed by a Management Committee comprised of Robert Gordon, Chairman and CEO; Paul Henry, Managing Director; and Tony Peterson, VP Finance. The vice presidents of the myMusicCard group will manage account relationships as follows: Lifetime Learning Systems and the National Music Foundation, Joseph Avila, VP; The Signature Group and TEMPO, Jeannie Lewen, VP; Nettaxi Online, the Babe Ruth League and the Tampa Bay Lightning and Ice Palace, and new account development, Kimberly Haber, VP of Sales and Marketing. Richard Olson, Vice President, will continue to oversee the myMusicCard distributor program, which has commenced operations. Timothy Heidemann, Vice President of Call Center Operations, will continue to operate the Web-based call center, and Hernan Ramirez will continue as Vice President of Bilingual Programs in the TeleServices Division. Later this month, the company expects to commence operations under its contract with the Signature Group to provide Loyalty and Rewards Program customers with travel-related services. "We have succeeded in signing significant contracts with Lifetime Learning Systems, the Signature Group, Nettaxi, and other companies," commented Robert Gordon, chairman of TSIG.com. "Now our focus is to generate revenues from these contracts as soon as possible. At the same time, we are cutting expenses for all activities that will not generate cash flow in the near future. The management team and I believe that TSIG.com can generate significant revenues and profitable operations by the fourth quarter of 1999 with the contracts we have in hand." About TSIG.com Headquartered in St. Petersburg, Florida, TSIG.com provides customer service and support through its Web-based call center, and innovative marketing programs to build and retain site traffic through its myMusicCard programs. The company's myMusicCard site is at mymusiccard.com. TSIG.com has signed agreements with the Signature Group, Babe Ruth League Baseball, the Tampa Bay Lightning and the Ice Palace, Lifetime Learning Systems, the National Music Foundation, and The Entertainment Marketing Promotion Organization (TEMPO). The company recently launched its fund-raising program with Lifetime Learning Systems in more than 100,000 schools. For more information on TSIG.com, please visit the company's Web site at tsig.com. 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 the products and services sold by the company, and for outsourced teleservices, (2) the ability of TSIG.com 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. --30--pp/mi* CONTACT: TSIG.com, St. Petersburg Paul Henry, 727/897-4000 phenry@tsig.com KEYWORD: FLORIDA INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS TELECOMMUNICATIONS INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story * Mitch