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  • hearinthings05 hearinthings05 Dec 2, 2005 11:57 AM Flag

    news of acquistion


    MSGI Acquires Stake in Leading European Security Services Firm; Excelsa S.p.a. Delivers Proprietary Capabilities to Drive Immediate Expansion in Europe and New Service Offerings in the United States

    NEW YORK, Dec. 2 /PRNewswire-FirstCall/ -- Media Services Group, Inc.
    (Nasdaq: MSGI) today announced that it has acquired a minority stake in
    Excelsa S.p.a. ( -- an Italy-based provider of security
    services. MSGI is now positioned for immediate and sustainable growth in the
    burgeoning security markets in the U.S., Europe and worldwide.
    MSGI has acquired approximately five percent of Excelsa for 1.250 million
    Euros (approximately U.S. $1.6 million), which will be delivered in two
    payments. MSGI is in exclusive active discussions with Excelsa with respect
    to the potential acquisition of an additional interest in -- or possibly all
    of -- Excelsa. A subsequent transaction to acquire all of Excelsa would be
    subject to customary closing conditions including approval by MSGI

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    • Ohmigod! Dec 2nd?? That's . . . that's . . so 2004!

      Funny how we never hear about Excelsa anymore. Remember how they were going to buy the entire company without having the means of actually paying for it? Oh well another pipe dream to keep the longs stoned and stupid and buying the stock in 8.00's (see 12-02-2004). If MSGI stock were an Olympic entrant they would have won the downhill ski jump hands down. I'd love to see JB up on the podium finally receiving the recognition for Shareholder Wealth Immolation he so richly deserves.

    • Wow, you are so on top of things on this stock. It looks like you really did your due diligence. This was totally out of left field.

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