SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks
TSIG
An SI Board Since December 1997
Posts SubjectMarks Bans Symbol
93 0 0 TIGI
Emcee:  George Rosen Type:  Unmoderated
Thursday April 30, 10:51 am Eastern Time

Company Press Release

SOURCE: TeleServices International Group Inc.

TeleServices International Group Inc. Completes Acquisition of Compact
Connection, Inc.

ST. PETERSBURG, Fla., April 30 /PRNewswire/ -- TeleServices International
Group Inc. (OTC Bulletin Board: TSIG - news), a fully integrated provider of
outsourced teleservices, today announced that it has completed the acquisition
of the assets of Santa Ana, California-based Compact Connection, Inc. (CCI),
one of the ten largest direct music marketers in the United States, in an all
stock transaction valued at $15 million. TeleServices will operate the
business of CCI through a newly formed subsidiary of the Company.

On March 12, 1998, TeleServices International Group reported that it had
signed a Definitive Agreement to acquire CCI.

In 1997, CCI serviced over 1.5 million customers; sold more than one million
compact discs; generated $11 million in revenue; and reported $800,000, or
seven percent, in net profit (unaudited).

CCI is well-positioned within the $35 billion global music market and the $71
million global online music market that includes N2K (Nasdaq: NTKI - news),
Cdnow (Nasdaq: CDNW - news) and K-Tel (Nasdaq: KTEL - news). CCI is the only
direct music marketer in the world that can offer a combination of:

The guaranteed lowest prices (including shipping and handling) to consumers on
all CD's and cassettes, including new releases; 24 hour, seven day a week,
ordering capability either via the Internet or toll-free 800 number and;
proven, turn-key, private-label music card opportunities for its marketing
partners.

CCI's state-of-the-art web site is currently under construction at
ccmusiccard.com. CCI's new online commerce site will be positioned
on a high-speed server capable of accommodating 1.5 million existing music
card holders as well as millions of new members that will have easy access to
the world's best music prices. In addition, CCI's Music Card's World Wide Web
site will have advanced web technology for searching, ordering and reordering
and will feature the latest in ''push'' technology. The web site will provide
CCI's Music Card holders with an enjoyable, and efficient online experience.

''The purchase of Compact Connection is an integral part of our long-term
business strategy to concentrate our efforts on creating revenue streams that
capitalize on using our call centers and Internet expertise,'' stated Robert
Gordon, Chairman of TeleServices International Group Inc.

''Plans are being finalized to aggressively support the CCI Music Card with an
upbeat national marketing campaign that will utilize cable television, print,
the Internet, radio and direct mail in the marketing mix,'' said Darrell
Piercy, President of Compact Connection, Inc. ''We believe in our ability to
compete in N2K's, Cdnow's and K-Tel's online market segment and provide cost
saving, pleasurable alternatives to such record clubs as Columbia House and
BMG, without compromising our profit margins.''

TeleServices International Group, Inc. is an independent provider of fully
integrated global teleservices to companies focused on selling products and
services through toll-free numbers and the Internet. The Company's wide array
of teleservices includes telephone sales/order capturing, customer service and
product support as well as ect-response advertising. Visit TeleServices web
site at stockprofiles.com, or email cci@tsig.com.

Except for historical information, matters discussed in this press release are
forward-looking statements that involve risk and uncertainties, including but
not limited to, risks associated with entering new markets, competitive
pressures and other important factors.

SOURCE: TeleServices International Group Inc.
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
ReplyMessage PreviewFromRecsPosted
93 Hello! HELLO!! HELLO!!!! HELLO!!!!! HELLO!!!!!! Looks like we haslaffe-10/3/1998
92 Compact Connection Fraud and Scam Operation To all who frequent the CCI/TSIG cGicone-7/24/1998
91 TO EVERYONE ON THE TSIG THREAD Due to the recent course of events, mainly the gambler-5/1/1998
90 I think it will start moving itself once people wake up to what the co is doinThe Perfect Hedge-5/1/1998
89 Let's get some action here! Ktel is up 7 today. What can we do to move TSElliot-5/1/1998
88 I don't think your missing anything. I sold about 1 mo ago figuring this bJCinTC-5/1/1998
87 Actually my friend pretty much liquidated his position about 10 days ago or so george wood-4/30/1998
86 I take it that you're friend isn't too excited about the co's prospThe Perfect Hedge-4/30/1998
85 I have not spoken to Paul Henry concerning TSIG, but a friend has spoken with hgeorge wood-4/30/1998
84 have you spoken to Paul?GD The Perfect Hedge-4/30/1998
83 I'm not too sure Michael Gordon still works there. You will probably have tgeorge wood-4/30/1998
82 www.tsig.com TeleServices International Group INC. 100 second avenue soutElliot-4/30/1998
81 < What is the phone number for the company ?> You should be able to findgambler-4/30/1998
80 KTEL is a short squeeze on a low float We wont get that here but if all is on tkentoo-4/30/1998
79 You're correct. But we all know that promotion has a lot to do with these sElliot-4/30/1998
78 <i> It could, but it has a long way to go. K-Tel was a legendary name frogambler-4/30/1998
77 <i> What is the number of outstanding shares ? What is the float ?<gambler-4/30/1998
76 It could, but it has a long way to go. K-Tel was a legendary name from the 70&#Elliot-4/30/1998
75 No but it sure looks like this one could explode.1.5 million customer base alreThe Perfect Hedge-4/30/1998
74 Anyone have a date on the operation of the Compact Connection web site? Elliot-4/30/1998
73 What is the number of outstanding shares ? What is the float ? Ken kentoo-4/30/1998
72 Company Press Release SOURCE: TeleServices International Group Inc. TeleServigambler-4/30/1998
71 Yes, I talked with TSIG. Here's the link to the news bulletin: biz.yahoo.Mister_Ex-4/30/1998
70 Where is it and what is it?GDThe Perfect Hedge-4/30/1998
69 NEWS IS OUT!!! Roger-4/30/1998
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):