BARRIE, Ontario, March 3, 2015 /PRNewswire/ -- Telecorp,
Inc. (OTC Markets: TLNUF) ("Telecorp" or the "Company"), a
growing provider of software communications solutions, announced
today, that the Company has made a formal bid to acquire a full
ownership in Chandigarh, India-based, Dev Datamedics & Software
Pvt Ltd ("Dev Datamedics"). Dev Datamedics is a web design, web
development and search engine marketing company, with positive cash
flow and clients located around the world; in India, Australia, UK, Dubai, Canada
and the United States. Management
stated that the 100% acquisition will be completed with a
combination of cash, stock, positions in Telecorp and differed
payments, valued at approximately $100,000 for complete ownership of the
India-based company.
Under the proposal, Telecorp will invest approximately
$35,000 in capital. This will
increase their staff of 8; including the hiring of an office
manager, Google AdWords Technician and E-commerce Specialists. In
addition, if Telecorp finalizes its previously announced 51%
acquisition bid for Toronto-based
Doozi Entertainment Company Inc., their operations team will
add 3 App developers for expanding the operations of Dev
Datamedics.
Dev Datamedics will be renamed under the Telecorp corporate
banner and Management is planning to make a number of influential
changes. Dev Datamedics branding website NeT4gains
(www.NeT4gains.com), will still operate as it currently does,
however, at this time, Management is considering merging it with
Telecorp's Bytexit product (http://www.bytexit.com/), which was
recently acquired. Between these two entities, Telecorp will
complete development of Bytexit and provide a number of new,
disruptive and unique tools. The core business of Dev Datamedics
will be to work on web site development for Doozi and Telecorp's
products.
Telecorp has a number of major distributers ready to sell the
Company's high impact web sites. It is anticipated that after the
Company completes the acquisition of Dev Datamedics, Telecorp will
produce an increase in its profits per month, after three months.
Profits are expected to exceed $50,000 monthly, by year end.
"This purchase will give us the opportunity to operate a great
business, with excellent margins and we will be able to kick start
the development of Bytexit," stated Paul
Phillips, President and CEO of Telecorp. "We already
have 2 major distributors that represent over 70,000 businesses
that will begin selling to new clients in late spring of 2015."
Pending the negotiation of a definitive acquisition agreement,
Telecorp expects to complete this transaction within this first
fiscal quarter.
About Dev Datamedics:
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 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.
Telecorp Inc. was incorporated in Canada in 2009.
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.
www.telecorp.com
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SOURCE Telecorp, Inc.