BARRIE, Ontario, March 9, 2015 /PRNewswire/ -- Telecorp,
Inc. (OTC Markets: TLNUF) ("Telecorp" or the "Company"), a
growing provider of software communications solutions, announced
today, that the Company has addressed an alternative amendment to
its formal bid to acquire full ownership in Chandigarh,
India-based Dev Datamedics
& Software Pvt Ltd ("Dev Datamedics"). Dev Datamedics is a
web design, web development and search engine marketing company,
with positive cash flow and clients located around the world; in
India, Australia, UK, Dubai, Canada
and the United States. Management
stated that the 100% acquisition will be completed with a
combination of cash, stock, positions in Telecorp and delayed
payments, valued at approximately $100,000 for complete ownership of the
India-based company.
Under the revised proposal, Telecorp will invest approximately
$35,000 in capital, with the first
payment immediately upon completion of its Due Diligence and the
final payment will be within 3 months of ownership transfer, not in
6 months, as originally anticipated.
Telecorp will increase their present staff of 8 to about 12;
including the hiring of an office manager, Google AdWords
Technician and E-commerce Specialists. The Company will add up to
three North American telephone lines to ensure that there is fluent
worldwide communication within all offices. In addition, if
Telecorp finalizes it's previously announced 51% acquisition bid
for Toronto-based Doozi
Entertainment Company Inc., their operations team will add 3
App developers for expanding the operations at Dev Datamedics.
Dev Datamedics will be renamed under the Telecorp corporate
banner and Telecorp's Management is planning to make a number of
core changes. Dev Datamedics' branding website NeT4gains
(www.NeT4gains.com), will still operate as it currently does,
however, at this time, Management is considering merging it with
Telecorp's Bytexit product (http://www.bytexit.com/), which
has been recently acquired. Between these two entities, Telecorp
will complete development of Bytexit and provide a number of new,
disruptive and unique tools. The core business of Dev Datamedics
will be to work on web site development for Telecorp's products,
Telecorp's Web clients, hosting, Bytexit services and Doozi app
development.
Telecorp has a number of major distributers ready to sell the
Company's high impact web sites. While Dev Datamedics is
small company revenue-wise, it provides Telecorp a development
platform with cost effective staffing. It is anticipated that after
the Company completes the acquisition of Dev Datamedics, Telecorp
will produce an increase in its profits per month, after only three
months. Profits are expected to exceed $50,000 monthly, by year end.
The Company plans to announce partners with Sales and
Distribution channels within 60 days.
"Everyone is very excited that we are taking these steps to
cement Telecorp as a successful entity," stated Paul Phillips, President and CEO of
Telecorp. "Also to prevent any further dilution and to
concentrate on growing our Company, we are seeking capital that is
non-toxic; as well as funding partners and communications
specialists that are long term supporters of Telecorp. We're almost
there… We're excited to share our progress with our shareholders
and the investment community, as terms further materialize."
The final acquisition agreement with Dev Datamedics is
anticipated to happen within two weeks, Telecorp still expects to
complete the first transaction after its on-site due diligence
process within our first fiscal quarter.
About Telecorp
Telecorp is an emerging provider of communication solutions to
an array of companies and industries including, automotive, real
estate, financial, health, charities, and many more. Telecorp
offers creative software solutions for communicating with customers
at levels never seen before. A total solution that is not only
affordable, but indispensable for any business, no matter the size.
Telecorp's modules allow the best marketing tools, first rate sales
acquisition systems, customer communication processes, and drive
greater profitability from every interaction, allowing every user
to reduce costs and increase productivity at every use.
The Company's integrated suite of customized solutions includes,
but is not limited to: customer acquisition, customer care,
automated voice services, emergency communications, conferencing,
data management, webinars, customer and hardware support tools,
e-mail, fax and text broadcast messaging, direct to voice mail
messaging, customized voice messaging, text to speech systems,
predictive and progressive dialing, contact management solutions
and much more.
Safe Harbor Statement
Except for historic information
contained in this release, the statements in this news release are
forward-looking statements that are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements involve known and unknown risks
and uncertainties, which may cause a company's actual results in
the future to differ materially from forecasted results. These
risks and uncertainties include, among other things, the company's
ability to attract qualified management, raise sufficient capital
to execute its business plan, and effectively compete against
similar companies.
www.telecorp.com
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SOURCE Telecorp, Inc.
