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Technology Consulting Firm, Corporate Consulting Services, Inc. Signs Letter of Intent to Merge With MBSL Group.

TAMPA, Fla. -- The financial and IT professional consulting firm Corporate Consulting Services, Inc. ("CCS") has signed a letter of intent to merge with MBSL Group, Inc. (Pink Sheets:MBGR).

MBSL Group, a publicly traded holding company based in Tampa, Fla., was established to acquire or strategically partner with firms that specialize in providing technology support to the financial and transaction processing industries. San Francisco-based CCS provides professional technology, training and consulting services to companies serving the financial and internet/software industries.

The transaction is expected to close within 60 days upon completion of due diligence and the approval of MBSL Group's board and a majority of its shareholders.

"We're excited about the opportunities resulting from the combination of these two companies. CCS operates in the sweet spot of two business segments we focus on, Financial and Internet Services," said Frank McPartland, chairman and president of MBSL Group.

Kimberly O'Donnell, President of CCS commented: "We anticipate that CCS's integration into MBSL Group will provide an excellent platform for future growth and business opportunities."

As IBM's only West Coast Based, Premier Level Business Partner, CCS advises clients on resource management of their people, processes and systems, employing a unique combination of technology consulting, staff augmentation and training services. By uncovering and addressing chronic business problems, CCS improves efficiencies, raises performance and lowers operating costs.

CCS serves a number of clients with professional and technical consulting services across many industries including relationships with Wells Capital Management, J.P. Morgan Chase, Bank of America, LPL Financial Services, The Pacific Exchange and DeltaNet, a division of Delta Dental. As a Premier Level IBM partner, CCS utilizes the Rational suite of software management and development solutions in serving clients.

More information about MBSL Group can be obtained by contacting the company at 813-636-8020. MBSL Group's stock is listed on the National Quotation Bureau.

Additional information about CCS is available at its website,

Except for historical information, matters discussed above are forward-looking statements within the meaning of safe-harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from projected results. Those factors include, but are not limited to, economic, competitive, governmental and technological factors affecting the Company's operations, markets, services and related products, prices or other areas.
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Publication:Business Wire
Date:Oct 4, 2004
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