TeleServices International Group Reaches Agreement to Proceed With MusicCard Products.

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Feb. 12, 1999-- TeleServices International Group Inc. (OTC BB:TSIG), a provider of outsourced teleservices and music CDs through the Internet, announced today that it had terminated its agreement to acquire the assets of Compact Connection, Inc. (CCI), a Nevada corporation, and reached agreement to proceed to market and sell MusicCard products on its own.

Under the agreement, TSIG will be able to market, distribute and sell pre-recorded music and related products using the name MusicCard through any and all means, including TSIG's teleservice center, independent distributors, and through TSIG's e-commerce web site on the Internet. TSIG operates its MusicCard business through My MusicCard Company, a wholly-owned subsidiary.

Early in 1998, TSIG had announced its intention to acquire the assets of CCI, subject to the completion of an audit of CCI's books and a complete due diligence review. CCI, a privately held company, was unable to provide audited financial statements. As the result of TSIG's substantial investments in anticipation of completing the asset purchase, the parties agreed that the pending acquisition would be terminated and that TSIG could proceed without restriction to continue to develop its MusicCard business.

TeleServices International Group Inc. is a provider of fully integrated global teleservices to companies focused on selling products and services through toll-free numbers and the Internet. Visit TeleServices web site at http://www.stockprofiles.com/tsig, or e-mail [e-mail].