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Contact:
Kathryn Woods, True North, 212-727-5582
MARKETING DRIVE WORLDWIDE ANNOUNCES FORMATION OF E-DRIVE, NEW E-MARKETING
BRAND
WILTON, CT September 19
Marketing Drive Worldwide, the global marketing services unit of
True North Communications (NYSE: TNO), today announced the formation of
e-Drive. The e-Drive brand, to be based in Norwalk, Conn. and London,
will offer "e-Marketing" integrated database, direct
and digital marketing solutions. Sierra Communications, a direct marketing
agency that True North has just acquired, will also become part of e-Drive.
David Bell, Chairman and CEO
of True North, commented, "This new brand extends True North's
commitment to interactive relationship marketing and gives Marketing Drive
a strong capability in this area. e-Drive will combine the interactive
and database capabilities that Marketing Drive has been building with
the direct marketing strength of Sierra Communications. It will also be
aligned with True North's recently launched database resource, Analytici."
Mickey Goodman, e-Drive CEO, said, "Operating as part of Marketing
Drive, e-Drive will seamlessly integrate database and technology with
traditional below-the-line activities." Goodman, who moves to his
new post from President of CRM for Marketing Drive, added, "We will
focus on e-marketing from strategy through execution offering complete
solutions that help our clients to build long-term, profitable and trust-based
relationships with their customers. We see technology as playing an enabling
role within these marketing programs."
Tim McCord, e-Drive's Chief Operating Officer, commented on what
differentiates e-Drive: "First and foremost, we're not rooted
in a single silo,' but are building from the ground up as a
truly integrated agency, addressing where the marketplace is headed. Clients
today demand complete marketing solutions that drive profitability. e-Drive's
digital, direct and database capabilities will work together in meeting
client needs, and we'll operate in tandem with Marketing Drive's
other promotional and advertising services."
e-Drive's Capabilities
Marketing Drive's
interactive, programming and database technology capabilities are being
shifted to e-Drive. In addition, the new unit is already aggressively
expanding its staff. e-Drive has hired several top interactive players,
including Tig Tillinghast as Vice President, Business Development; David
Griffith as Vice President, Creative Services; and Susan Lonie as Vice
President of Account Services [biographies are available].
Sierra Communications, a direct marketing agency that True North has acquired
as part of Marketing Drive, will become an integral part of e-Drive. Sierra,
based in Wilton, Connecticut, has grown rapidly since it was founded in
1995. With more than 20 employees, its 1999 revenue was more than $6 million.
Key clients include American Express, GE Capital, Nabisco, SoBe Beverage
and others.
Eric Tolkin, CEO of Sierra, becomes Executive Vice President of e-Drive.
Tolkin said, "Sierra is extremely excited about becoming a foundation
element of e-Drive. We made the decision to become part of True North
and e-Drive because we firmly believe in the business model of merging
traditional direct marketing disciplines with enabling technologies."
"We have assembled an amazing pool of talent in a very short period
of time," concluded Goodman. "We can bring to the table a combination
of business strategists, people who know how to integrate technology into
the overall business mix a tremendous database expertise, and the
ability to get it done on budget and on time."
Goodman said that e-Drive will be focused on the identification of best
business prospects and the customization of communication to those consumers.
In addition, it will provide ongoing feedback to enable real-time adjustments
to communications. Capabilities include strategy; targeting; database
development, optimization and management; website development and management;
technology integration; and all aspects of customer relationship marketing.
Expansion Plans
Marketing Drive is
committed to expanding e-Drive's presence. Marketing Drive Worldwide
Co-CEO Wes Bray commented, "As we continue Marketing Drive's
aggressive international growth, we think that our clients will want integrated
relationship marketing along with our other services. Our plans call for
integrating e-Drive into the service offerings of all Marketing Drive
Worldwide locations."
More information about e-Drive
can be found at their website: www.e-driveinc.com.
End Notes
Marketing Drive is
True North's global marketing services brand. Headquartered in Wilton,
Conn. and London, Marketing Drive Worldwide has 43 offices in 27 countries
and over 700 employees around the world. It is one of a handful of organizations
in the world that can deliver fully integrated marketing solutions to
multinational clients. Marketing Drive Worldwide has capabilities in a
wide spectrum of marketing services, including marketing consulting, sales
promotion, relationship marketing, branding, event marketing and promotional
services. Its 1999 revenues were more than $50 million worldwide.
True North Communications (NYSE:
TNO) is one of the world's largest global advertising and communications
holding companies. Headquartered in Chicago, it had 1999 revenues of about
$1.4 billion and annual billings of more than $14 billion. True North
has three major global brands: FCB Worldwide, advertising; BSMG Worldwide,
public relations; and Marketing Drive Worldwide, marketing services. The
company also has a strong roster of U.S.-based advertising brands, including
Bozell Group, New America Strategies Group, Temerlin McClain, Tierney
& Partners, TN Media and others. Its digital portfolio includes R/GA
Interactive and SixtyFootSpider. True North's nontraditional brands
operate as part of its True North Diversified Companies group.
Cautionary Statement
Certain statements contained in this press release may constitute "forward-looking
statements" within the meaning of Section 21E(i)(1) of the Securities
Exchange Act of 1934. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause True North's
actual results to be materially different from any future results expressed
or implied by these statements. Such factors include the following: general
economic and business conditions, the ability of True North to continue
to improve its cost management, the ability to maintain current and attract
new clients, the ability of True North to integrate acquisitions or complete
future acquisitions, dependence upon and availability of qualified personnel
and changes in government regulation. In light of these and other uncertainties,
the forward-looking statements included in this document should not be
regarded as a representation by True North that True North's plans
and objectives will be achieved.
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