BARRIE, Ontario, Feb. 23, 2015 /PRNewswire/ -- Telecorp,
Inc. (OTC Markets: TLNUF) ("Telecorp" or the "Company"), a
growing provider of software communications solutions, announced
today that the Company has issued a Letter of Intent to acquire a
majority interest in Sveltoz Solutions Pvt Ltd. a
Pune, India based company.
Sveltoz is an exciting, emerging, mobile application solutions
and development company, with a positive cash flow and clients
located around the world. This Letter of Intent states that
Telecorp will acquire a minimum of fifty-one percent (51%),
interest in Sveltoz. The LOI further states that Telecorp, upon
additional Due Diligence, will attempt to acquire a controlling
interest in Sveltoz Solutions Pvt Ltd., a continuously profitable,
Software Development Company.
"Telecorp is pleased to have this opportunity to be one step
closer to another exciting acquisition possibility for all our
shareholders," stated Paul
Phillips, President and CEO of Telecorp, Inc. "We are
aggressively seeking positions in profitable and growing companies,
to augment our portfolio. We are hoping to have three (3) companies
confirmed and added to our family by the end of April."
Telecorp has had significant talks with Sveltoz Solutions and
feels positive that the consummation of a deal is imminent.
About Sveltoz Solutions:
Sveltoz Solutions is a professional and leading software
development firm based in India
that focuses on budget-friendly software development and timely
delivery. The company has experience and expertise in project
management and offshore development. Our team of motivated software
professionals gives your business an edge over the others by
offering a global software outsourcing model. You can expect
bespoke solutions as per your budget and requirement.
The talented professionals offer suitable and effective
solutions that ensure dynamic business solutions and happy clients.
The individuals are capable of delivering reliable, high
performance and scalable internet applications. Our experts can
solve the everyday challenges of application development; they are
experienced, highly productive and committed to their project
deadline. Being a leader in multiple areas, we have earned immense
reputation, strategic partnerships and celebrate success stories
from global clientele.
About Telecorp Inc.
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.
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SOURCE Telecorp, Inc.