TELECORP ANNOUNCES COMPLETION OF DEV DATAMEDICS’ ACQUISITION
Barrie, Ontario Canada – October 28th, 2015 – Telecorp, Inc. (OTC Markets: TLNUF) (“Telecorp” or the “Company”), a growing provider of software communications solutions, announced today that it has completed the previously announced acquisition of Dev Datamedics & Software Pvt Ltd (“Dev Datamedics”) in a transaction valued at approximately $100,000. The execution of a proposal and acquisition agreement outlining the terms of the transaction was initially announced on March 2nd, 2015.
Headquartered in Chandigarh, India, Dev Datamedics is a web development, search engine marketing and web hosting company with positive cash flow and a regular stream of clients worldwide. The business offers a range of services such as Web Design, Web Development, E-Commerce Solutions, CMS Websites, Organic SEO, Google AdWords/PPC, Template Design, E-mail Template Design, Landing Page Design, Logo Design, Banner Design, SEO Web Design, WordPress Development, Joomla Development, Open Source Solutions, PHP Programming, ASP.net Programming, Mobile Apps for Android and iOS, Local SEO, E-mail Marketing, Social Media with Facebook, Google+, Twitter, Pinterest, Code Ignite, Magento, Blog Commenting, and PPC Pay Per Click.
“After a lengthy and detailed analysis and audit, Telecorp is pleased to acquire Dev Datamedics” said Paul Phillips, President and CEO of Telecorp Inc. “There have been a number of factors for the delay as the company has learned of other opportunities for acquisition and partnerships, this extra due diligence has benefitted Telecorp and its shareholders and Telecorp hopes to make further announcements very soon” he continued.
With this acquisition, approximately $20,000 to $40,000 in monthly revenues (in the New Year) is estimated to be reflected on Telecorp’s income statement and, with the expected cash flow, the Company intends to clear off approximately $225,000 in debt off its balance sheet.
The changeover is expected to occur on November 1st, whereby Dev Datamedics will be completely integrated into Telecorp, and will complement the Company’s existing CRM business. Dev Datamedics’ present staff of 7 developers will remain in place in India and its current owner will stay on for a minimum of 120 days to assist with the business transition.
With the purchase transaction completed, the Company can now move forward with a pending sales contract with a client base of approximately 70,000 members. “This acquisition will give us the opportunity to operate a great business, with excellent margins. We look forward to announcing sales contracts which is currently in process that we can now close once Dev Datamedics is handed over November 1st,” stated Paul Phillips.
The process of closing on certain sales contracts is moving toward a conclusion and Telecorp will continue to make announcements in due course.
About Dev Datamedics:
Dev Datamedics & Software Pvt Ltd (dba NeT4gains) is an offshore web design, web development and search engine marketing company, providing valuable outsourcing services to clients worldwide. The Company has been in the industry for the last ten years, offering website design, web development, e-commerce solutions, CMS websites, search engine optimization (SEO), Google AdWords PPC campaigns and social media (Facebook pages, Twitter, Google+, LinkedIn profile) optimization services.
About Telecorp Inc.
Telecorp is a growing provider of communication solutions to many companies and industries including, automotive, real estate, financial, health, charities, and many more. Telecorp offers creative and software solutions for communicating with our client’s 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, drive greater profitability from every interaction and allow every user to reduce costs and increase productivity at every use.
The company’s integrated suite of customized solutions includes 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.
Telecorp Inc. was incorporated in Canada in 2009.
THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONTAIN OR CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF ANY OFFER TO BUY ANY SECURITIES REFERENCED HEREIN IN UNITED STATES, CANADA OR ELSEWHERE.
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Statements in this press release may be “forward-looking statements”. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict.
Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward- looking statement to reflect events or circumstances after the date of this release.
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