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Tim Harrington
PRESIDENT
Reliant Interactive Media Corporation
2701 North Rocky Point Dr., Suite 200, Tampa FL 33607
(Name and Address of Person Authorized to Receive Notices
and Communications on Behalf of the Person Filing Statement)
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WITH A COPY TO:
KARL E. RODRIGUEZ, ESQ
24843 Del Prado, #318
Dana Point, CA 92629
(949) 248-9561
fax (949) 248-1688
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: September 8, 2000
Commission File Number: 0-26699
Nevada 87-0411941
(Jurisdiction of Incorporation) (I.R.S. Employer Identification No.)
2701 N. Rocky Point Dr., Suite 200, Tampa, Florida 33607
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (813) 282-1717
Securities registered pursuant to Section 12(g) of the Act: 7,348,821
ITEM 5. OTHER EVENTS. On September 8, 2000, TeleServices Internet Group,
Inc., known as TSIG.com, announced that it has entered into a revised definitive
agreement with Reliant Interactive Media Corporation. A copy of that News
Release is attached hereto and filed as an Exhibit to this filing on Form 8-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the date indicated.
Dated: September 8, 2000
RELIANT INTERACTIVE MEDIA CORP.
formerly Reliant Corporation
by
/s/Kevin Harrrington /s/Tim Harrington
Kevin Harrington Tim Harrington
chairman and ceo/director president and coo/director
/s/Mel Arthur /s/Karl E. Rodriguez
Mel Arthur Karl E. Rodriguez
executive vice president/director secretary/director
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EXHIBIT
NEWS RELEASE
SEPTEMBER 8, 2000
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TSIG.COM FINALIZES AGREEMENT TO ACQUIRE
RELIANT INTERACTIVE MEDIA CORP.
ST. PETERSBURG, FLA. (SEPTEMBER 8, 2000) - TeleServices Internet Group Inc. (OTC
BB :TIGI - news), known as TSIG.com, today announced that it has finalized an
agreement to acquire the business of Reliant Interactive Media Corp., a direct
marketing company specializing in the production of long-form commercial
programming that drives retail sales via television and the Internet.
"With the acquisition of Reliant, TSIG.com gains a marketing powerhouse and a
management team that has been responsible for over $3 billion in sales over the
past sixteen years," commented Robert Gordon, chairman of TSIG.com. "We will
now be able to provide our corporate and non-profit partners with Internet
technology by GeneralSearch.Com, and marketing and operational know-how by
Reliant."
Reliant reported revenues of approximately $40 million (unaudited) in the first
six months of this year. For fiscal year 2000, Reliant's management is
targeting sales of approximately $100 million.
Jeff Bruss, Vice-Chairman of TSIG.com and founder of GeneralSearch.Com, stated,
"The acquisition of Reliant is intended to complement TSIG.com's recently
announced acquisition of GeneralSearch.Com, a portal and search engine company.
Management believes that Reliant's marketing programs have the potential to
drive millions of Internet users to register on GeneralSearch.Com. Further,
with the assistance of GeneralSearch, Reliant will help TSIG.com leverage its
relationships with multi-national corporations such as Coca-Cola and Lufthansa,
and national non-profit organizations such as UCP."
Kevin Harrington added, "We believe there are tremendous synergies between
TSIG.com's relationships, GeneralSearch.Com's technology, Affinity's proven
telemarketing operation - and our own ability to drive traffic. We look forward
to being the marketing engine that helps propel their search engine."
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According to Mel Arthur, Executive Vice President of Reliant, "TSIG.com and
Reliant both came by separate ways to a similar 'zero-cost acquisition model'.
At Reliant, we drive people to our Web sites using our profitable half-hour
shows so there is no cost to get customers to our Web sites. We believe that
our marketing approach can yield tremendous results for GeneralSearch.Com, and
have already integrated GeneralSearch into our next show to sell computers.
Also, we are now designing a long-form commercial featuring GeneralSearch that
includes free Internet access. Our strategy is to develop a program that drives
subscribers to GeneralSearch.Com at virtually no customer acquisition cost."
Pursuant to the agreement announced today, substantially all of the assets,
liabilities and business operations of Reliant have been transferred to
AsSeenOnTVpc.com, Inc., making it a subsidiary of Reliant. Then, no earlier
than 20 days after Reliant sends an information statement to its shareholders,
shares representing 100% ownership of AsSeenOnTVpc.com would be exchanged for 8
million shares of common stock of TSIG.com in a stock-for-stock, tax-free
acquisitive reorganization. This agreement has been approved by a majority of
the Reliant shareholders. TSIG.com has also agreed to provide up to $10 million
of working capital for the acquired entity. Further, TSIG.com has executed
three-year employment agreements (to become effective upon closing) with Kevin
Harrington, the chairman and chief executive officer of Reliant, as well as Tim
Harrington and Mel Arthur, the other principals. Other terms were not
disclosed.
ABOUT RELIANT INTERACTIVE MEDIA CORP.
Reliant Interactive Media Corp., based in Tampa, Florida, has combined the
marketing power of television and the personal computer to sell cutting-edge
products to consumers. Reliant produces long-form commercial programming that
drives customers to purchase products through the convenience of the telephone
or by using their Web properties. Reliant's business model is to develop
customers for their Web properties at no direct acquisition costs, because the
production and the media costs are being covered independently of Web site
sales.
ABOUT GENERALSEARCH.COM, INC.
GeneralSearch.Com, Inc., is a private company that was formed in 1998 to enhance
the individual's Internet experience. GeneralSearch.Com is an Internet portal
with one of the most powerful and accurate search engines on the Internet, with
access to a database of more than 100 million links. The search engine is
family-oriented, with filters that eliminate virtually all adult-oriented
content, while still providing the most accurate search results available on the
Internet.
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GeneralSearch also has more than 1000 Internet-based affiliates, including
Office Max, Stamps.com and other popular sites. GeneralSearch offers free
Internet access for life, free e-mail, fax, integrated messaging and other
services. GeneralSearch.Com is located in West Chicago, IL. The company can be
reached by e-mail at [email protected]. The company's website is at
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www.GeneralSearch.Com.
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ABOUT TSIG.COM
Headquartered in St. Petersburg, Florida, TeleServices Internet Group Inc.,
known as TSIG.com, has recently acquired GeneralSearch.Com, an Internet search
engine and portal, and has entered into agreements to acquire The Affinity
Group, an affinity marketing and sales company, and Reliant Interactive Media, a
direct marketing company that drives retail sales via television and the
Internet. TSIG.com forms myCard partnership agreements with national
corporations and non-profit organizations, and then works with those partners to
design revenue-generating programs that attract consumers to their Web sites.
The first myCard program was myMusicCard, which enables
consumers to purchase CDs and cassettes at the lowest available prices.
Similarly TSIG.com's myPhotoCard programs provide low-cost film processing and
Kodak Film, and the myPhoneCard programs provide low-cost prepaid long-distance
calling card services.
These customized marketing programs are intended to provide recurring revenues
to TSIG.com and its partners, and help develop strong brand loyalty and
awareness within target communities. TSIG.com further enhances its myCard
programs by providing customer service and support with its Web-based call
center and related services. With non-profits, TSIG.com is engaged in
"cause-related marketing" and has a "volunteer sales force" of millions
generating sales and driving traffic to Internet sites for the lowest customer
acquisition cost in the business. TSIG.com is the national marketing partner
of UCP, the nation's largest non-profit health care organization and leader in
the disability field, which each year serves over 1 million people with
disabilities in the United States. TSIG.com's corporate web site is at
WWW.TSIG.COM and the myMusicCard web site is at WWW.MYMUSICCARD.COM.
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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 (1)
competition in the markets for the company's products and services, (2) the
ability of the company to execute its plans, (3) the availability of financing
at favorable terms, and (4) other factors noted in the company's public filings
with the SEC.
PRESS CONTACTS:
Paul Henry [email protected]
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727/897-4000
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