The US TV production and distribution company TEAMCommunications Group, whose shares are traded on the Nasdaq and Neuer Marktexchanges, is planning further expansion in Europe and the US through'strategic alliances, mergers and acquisitions' and the developmentof a sales force based in Spain, Italy, France, Germany, the Benelux countries,the UK and Scandinavia.

'Being big is an important factor in ourbusiness', declared Michael Jay Solomon, the new Chairman and CEO of TEAMCommunications, who dismissed speculation about bankruptcy as being 'outof the question'. According to Solomon's conservative estimates, TEAM willpost about $35m in sales for the year and break even as early as the secondquarter based on current product volume. It is anticipated that sales willincrease to $50m for 2002 with a net profit of $9m.