TEAM Communications Group, Inc. Announces Appointments of New CEO and Chairman; Jay J. Shapiro...

Business & Entertainment Editors

LOS ANGELES--(BUSINESS WIRE)--Jan. 4, 2002

TEAM Communications Group, Inc. (Nasdaq-NMS: TMTV; Neuer: TME) ("TEAM") today announced that its board has approved the appointment of Jay J. Shapiro as President and Chief Executive Officer. In

The Company also announced the appointment of Dennis Pope, who had been serving as interim Chief Executive Officer since September 21, 2001, as Chairman. Mr. Pope replaces Richard Block, who will continue to serve as a member of the board. The Company further said that Mr. Pope would serve as a "principal advisor" to the board in areas such as mergers, acquisitions, financings, the implementation of additional business strategies and the development of new markets.

Commenting on the board's actions, Mr. Shapiro said, "Our primary objective going forward is to expand TEAM's present operations through strategic acquisitions and distribution activities in specialized television and motion picture market niches and related businesses where TEAM can achieve a significant market presence."

Mr. Pope also commented, "Jay Shapiro's strategic vision, comprehensive understanding and involvement in all aspects of operations, together with his decades of executive experience in entertainment industry finance and administration, make him uniquely qualified to lead that effort."

Mr. Shapiro added, "This new senior management structure will allow me to leverage the time that I spend on operational and financial issues, with an enhanced focus on shareholder relations, acquisitions and the pursuit of strategic investments in order to meet our objectives. Dennis Pope has played a critical role in TEAM's recent accomplishments, and I am very pleased that we will have the opportunity to draw upon each other's strengths as we move forward."

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this news release contains statements that are forward-looking, such as statements relating to potential strategic acquisitions, mergers, financings, the development of new markets and the 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.'s filings with the Securities and Exchange Commission, including Form 10-K and Form 10-Qs available at http://www.sec.gov.