TELECORP ANNOUNCES COMPLETION OF HOSTING ACQUISITION
Barrie, Ontario Canada – November 2nd, 2015 – Telecorp, Inc. (OTC Markets: TLNUF) (“Telecorp” or the “Company”), a growing provider of software communications solutions, announced today that it has completed the acquisition of the Hosting Division of Dev Datamedics & Software Pvt Ltd (“Dev Datamedics”).
Headquartered in Chandigarh, India, Dev Datamedics owned and operated Host4gains as a separate divisions of the company. This division was not for sale until recently and after a visit to the office in India. The company looks after Domains and offers Hosting services to over 50 companies.
“We are excited to obtain the complete company including the hosting business and all the other services as it just made sense even though there are some logistic issues that we will need to overcome.” said Paul Phillips, President and CEO of Telecorp Inc. “
With this added acquisition, the company will acquire a modest monthly income and extend the services to include Telecorp’s present servers. Telecorp will offer competitive monthly service fee of $9.99 a month and also offer package pricing on web/domain/hosting.
It is anticipated that monthly revenues will increase between $500.00 and $1,000 monthly starting in January 2016, generating a yearly revenue that should exceed $15,000 monthly after 12 months. This revenue will be reflected on Telecorp’s income statement and, with the expected additional 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 15th, whereby Dev Datamedics and hosting business will be completely integrated into Telecorp, and will complement the Company’s existing CRM business.
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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This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company’s ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company’s contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
About Forward-Looking Statements
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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