TCA Capital Signs a $5 Million Credit Line for Voiceserve (VSRV)
04 September 2013 - 11:30PM
Marketwired
TCA Global Credit Master Fund, "TCA", has committed to lend a total
of 5MM USD to Voiceserve, Inc. (OTCBB:VSRV) through one of the
funds senior secured loan facilities, with the initial draw set at
$1Million.
Headquartered in the United Kingdom, Voiceserve is a leading
provider of mobile dialer software and Voipswitch solutions for the
telecom and IT industry.
"The delivery of mobile dialers to enterprises, ISP's and global
telephony carriers is the primary benefit of our service. The
latest releases of highly sophisticated smartphones with
increasingly more stable internet connectivity is creating an even
greater global demand for our mobile products ", states Voiceserve.
"The funds raised will be used to expand the companies sales force,
increase its exposure at exhibitions globally and complete
developing certain Voipswitch modules that are still under
development" added Voiceserve president Mr. Alexander Ellinson.
While primarily focused on servicing this sector, they have
recently released their retail product available for end users, the
Vippie dialer www.ivippie.com
About Voiceserve, Inc.
Voiceserve is a software platform provider focusing primarily on
delivering affordable, complete, next generation services to
Internet Telephony Providers (ITSPs). Products include VoipSwitch,
a custom modular all-in-one Voice over Internet Protocol (VoIP)
management platform licensing solution for resellers. Voiceserve
has recently launched its full suite of Mobile softphone dialers
suitable for most operating systems and can be incorporated on most
mobile smart phones. The company has advanced video conferencing
software which can be adapted to tablets and smart phones.
For further information please visit
http://www.voipswitch.com.
Certain statements in this news release may constitute
"forward-looking" statements within the meaning of section 21E of
the Securities and Exchange Act of 1934. The Company believes that
its expectations, as expressed in these statements are based on
reasonable assumptions regarding the risks and uncertainties
inherent in achieving those expectations. These statements are not,
however, guarantees of future performance and actual results may
differ materially. Risks and uncertainties which may cause actual
results to be different than expressed or implied in our
forward-looking statements include, but are not limited to, the
risk factors listed in the most recent Annual Report on Form 10-K
and described under the heading "Risk Factors" our Form S-1 filed
December 20, 2010. The Company expressly disclaims any current
intention to update any forward-looking statements as a result of
new information or future events or developments.
Contacts: Alexander Ellinson President & Chairman
Voiceserve, Inc. 011 44 208 136 6000alex@voipswitch.com
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