TEAM Communications Group Announces Joint Filing ofForm SB-2 Prospectus With the U.S. Securities...

LOS ANGELES--(BUSINESS WIRE)--Oct. 20, 1999--

-- In Preparation for Upcoming 30+ Million Euro Secondary Offering;

Filing Marks First U.S. Media Company to be Dually Listed

on NASDAQ and Neuer Markt --

In preparation for its upcoming 30+ Million Euro Secondary Offering,

TEAM Communications Group Inc. (Nasdaq:TMTV), a leading television production and distribution company, has filed a Form SB-2 Prospectus both in the United States with the SEC, and in Germany with the Deutsche Borse, A.G., Chairman and Chief Executive Officer Drew S. Levin announced Wednesday.

The proceeds will be utilized for the continued expansion of TEAM's global programming library, acquisition of independent media companies and repayment of debt. TEAM will direct a minimum of 40% of this capital for its programming strategies within the European community, with strong emphasis on the establishment of its new divisions: TEAM Entertainment, Germany and TEAM Dandelion Ltd. in the United Kingdom.

"TEAM's planned offering scheduled for November will make it the first U.S. media company and only the fifth company ever to be dually listed on both the NASDAQ and Neuer Markt exchanges," said Levin. "Given our long-term strategy of joint European and U.S. operations, we're on target to complete our offering prior to the end of the year."

TEAM recently completed its US $5.25 million acquisition of Dandelion Distribution Ltd., a prominent 23-year-old UK-based television production and distribution company. This acquisition expands the company's library to over 3,000 hours, launches TEAM's European operations with the creation of TEAM Dandelion Ltd., and the formation of an International Distribution Unit. TEAM Dandelion provides a solid foundation for the company to create European Community programming and co-production opportunities between the United States and Canada. In addition, the company plans to open the TEAM Entertainment, Germany offices in Munich on November 1.

TEAM's shares trade on NASDAQ Small Cap (TMTV) since July 1998 and on the German OTC-Markt (TME) since April 1999.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this news release (as well as information included in oral statements or other written statements made or to be made by TEAM Communications Group, Inc.) contains statements that are forward-looking, such as statements relating to consummation of the transaction, anticipated future revenues of the companies and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of TEAM Communications Group, Inc. For a description of additional risks and uncertainties, please refer to TEAM Communications Group, Inc. filings with the Securities and Exchange Commission, including Forms 10K and 10Q.