Mosaic Closes UK Technology Sales Service Company

Business Wire, July 9, 1998

TORONTO--(BUSINESS WIRE)--July 9, 1998--Mosaic Group Inc. (TSE:MGX) -- Mosaic Group Inc. has closed its previously announced acquisition of Europa Merchant Services Ltd. ("EMS").

EMS is the United Kingdom's leading provider of contract retail sales forces and in-store sales, training, and product demonstrations exclusively in the information technology domain. EMS serves major manufacturers of hardware and software including Microsoft, IBM, Compaq, Xerox, Hewlett Packard and Toshiba as well as leading information technology retailers such as Dixons, P.C. World and Staples. The company has approximately 600 highly trained full and part-time employees in the field. Annual revenues of EMS are expected to exceed $12 million.

Michael Preston, Mosaic Chairman and CEO, said EMS is the market leading sales services firm in the fast growing U.K. information technology sector. He added that since the announcement of the EMS acquisition, EMS has secured over $2 million in new revenues as a result of client referrals from other Mosaic operating units.

Mosaic Group Inc., with operations in Canada, the U.S., the U.K. and Ireland, provides integrated outsourced marketing services to leading corporations serving international markets. Mosaic combines people and technologies in the areas of contract sales, merchandising and field marketing, direct marketing, product promotion, corporate communications and sales force training, to deliver immediate and measurable sales results to its clients. Mosaic, which has approximately 58 million shares outstanding, trades on the TSE under the symbol MGX. www.mosaicgroupinc.com

        CONTACT:  Mosaic Group Inc.
                   G. Michael Preston, 416/588-7788
                   or
                   Mosaic Group Inc.
                   Ben W. Kaak, 416/588-7788
                   email:  kaakb@mosaicgroupinc.com
                   or
                   Hume, Kieran Inc., Investor Relations
                   Jon W. Kieran, 416/868-1079
                   or
                   Hume, Kieran Inc., Investor Relations
                   Marla Gale, 416/868-1079