WEST PALM BEACH, Fla., Feb. 19, 2001 (PRIMEZONE) -- The Desmond Law Firm is investigating the events surrounding the decrease in Team Communications Group, Inc (the "Company") (Nasdaq:TMTV) stock price. Previously, the Company reported that it expected to take a charge of approximately $21,000,000 against its result of operations for the year 2000. Additionally, the Company is examining whether certain of the Company's film library acquisition and distribution transactions during last year "lacked economic substance."
If you purchased Team Communications Group, Inc between April 6, 2000 and February 13, 2001, and have information relevant to the investigation or wish to learn how to participate in any potential shareholder action, you may call the Desmond Law Firm, which will, without obligation or cost to you, attempt to answer your questions and concerns. You may contact the Desmond Law Firm at 2161 Palm Beach Lakes Blvd., Suite 204, West Palm Beach, Florida 33409, by calling toll free at 888/337-6663, by email at Info@SecuritiesAttorney.com or by visiting its website at http://www.SecuritiesAttorney.com. Additionally, the Desmond Law Firm is available to answer questions relating to any other securities-related matter involving investor losses.
The Desmond Law Firm primarily concentrates its practice in the area of securities litigations including broker arbitrations and Federal shareholder class actions and is currently representing clients in excess of one hundred such litigations throughout the United States. Florida Bar Disclosure: "The hiring of a lawyer is an important decision that should not be based solely upon advertisements. Before you decide, ask us to send you free written information about our qualifications and experience."