Kahzam, Inc. Completes Acquisition of TeCOUP.com LLC as TeCOUP Inks Major Deal to Market Health & Beauty Aids
21 January 2010 - 11:59PM
Business Wire
Just as TeCOUP.com LLC inked an innovative business agreement
with Safe4Hours® that will help promote new health & beauty
aids products through thousands of Walgreens stores across the
country, Kahzam, Inc. has completed its acquisition of TeCOUP.
As projected earlier this month, Kahzam (OTCBB: KHZM) – an
emerging leader in the fast-growing web-based platform developer
market, targeting associations and affinity groups – has completed
the acquisition of Nashville-Based TeCOUP.com LLC, which provides
SMS Text Coupon Messaging through patent-pending delivery services.
This technology provides clients access to the next-generation of
advertising and communications through e-mails and text messaging
directly to target markets’ cell phones. The acquisition was closed
today after issuance of two million shares of Kahzam stock to
TeCOUP investors.
Regarding the carefully-timed deal with Safe4Hours®, TeCOUP’s
co-founder and CEO, Jim Rinker said, “TeCoup has just entered into
an exclusive agreement with Safe4Hours® First Aid Antiseptic &
Skin Protectant to market the product nationwide.”
This is significant for both firms because Safe4Hours® has just
recently signed a national distribution contract with Walgreens,
the national drug store chain with over 7,000 retail drugstore
locations in the United States.
“Using TeCOUP’s unique services not only allows consumers to
save money, but they can also find the nearest Walgreens simply by
texting a request,” Rinker concluded. “This is a win for
Safe4Hours®, for Walgreens – and for TeCOUP.”
This market penetration potential in a service with strong
overlays to group marketing – to members, constituents or others
tied to non-profits and for-profits with affinity-group-like
networks, was a major reason for Kahzam’s purchase of TeCOUP,
according to Kahzam’s President and CEO, J. Franklin Bradley.
“Kahzam’s comprehensive platform of next-generation online
search and portal services targets the $30 billion dollar
Association and Affinity Group market, which includes a strong
focus on mobile-based delivery to its customers,” Bradley
explained.
“We created the Kahzam business model realizing the importance
of direct-to-cell-phone communications and advertising delivery to
our clients and advertisers,” Bradley said. “The acquisition of
TeCOUP locks down the patent-pending technology necessary to that
component of our company and is a significant building block needed
to fulfill the Kahzam mission. TeCOUP’s strong management team and
existing book of clients,” Bradley continued, “only enhances our
excitement and enthusiasm for this new alliance.”
TeCOUP’s co-founder and CEO, Jim Rinker, agreed, adding, “Our
team couldn’t be happier with this new alliance. It broadens our
opportunities on behalf of both current and future clients.
“Text messages sent to hand-held mobile phones represents the
next wave in technology-based communications and advertising,”
Rinker noted. “And, direct-to-cell-phone text-message advertising
is the first new advertising medium since the creation of
website-based advertising nearly two decades ago,” Rinker
continued. “It provides advertisers an unprecedented ability to
deliver an ad message in real time to millions of
carefully-targeted and receptive opt-in cell phone owners including
Kahzam’s association and affinity group clients.”
No staff changes are anticipated and TeCOUP will continue
operations from its Nashville offices, while Kahzam will continue
operations from it’s Boca Raton, FL offices.
Kahzam is currently majority-owned by GroupMolinari, a private
investment banking firm that specializes in the financial services,
media and marketing industries.
About TeCOUP.com
TeCOUP’s patent-pending delivery service employs “long code”
technology, which is already approved for use on all 17 major US
carriers. Long code technology allows any cell phone in the world
equipped with SMS services to interact with TeCOUP’s database. This
enables mobile consumers to enter a product or service category, or
a merchant name – in 23 languages – and instantly receive any
available discounts or coupons in the form of SMS text
messages.
This dynamic new interactive database also allows consumers to
choose their coupons, choose their preferred store location and
even have the location’s GPS coordinates or map directions sent
directly to their phones. Consumers can also search for a product
discount at their current location – for example, “Pizza 37027” –
to instantly find the best and closest deals. Once a TeCOUP coupon
is downloaded to a cell phone, consumers can redeem it – not just
one time, but as many times as they wish until the offer expires –
simply by displaying the message on their phone at the point of
purchase.
About Kahzam, Inc.
Kahzam delivers a comprehensive, fully integrated,
multimedia-driven interactive service portal platform to the
Association, Affinity Group, Enterprise and Web Privacy markets.
Through its proprietary technology and unparalleled service, Kahzam
empowers client groups with the customized content,
member-to-member communication networks and search results – as
well as targeted messages – offering tools they require to
strengthen their stakeholder relationships, further their strategic
interests and satisfy their financial and communications needs.
For more information about Kahzam and its Letter of Intent with
TeCOUP, please contact Ned Barnett at 702-696-1200 or
nedb@groupmolinari.com.
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