Title Consulting Services, Inc. (TITL) CEO Shareholder Address
May 06 2011 - 3:48PM
Marketwired
Title Consulting Services, Inc. (PINK SHEETS: TITL)
(www.titleconsultingservices.com) CEO Dustin Secor addressed the
current developments and state of the company.
Dear Shareholders,
I would like to start by thanking each and every one of our
shareholders for all of their support, dedication and patience with
the development and growth of "OUR" company. The entire TITL team
is dedicated and focused to reach all of our goals.
This last quarter has been challenging to say the least. I have
been overwhelmed by the amount of involvement to achieve the lofty
goals that were set forth in regards to our Mergers and
Acquisitions activities. When opportunities present themselves, we
have to act swift to take full advantage. I feel strongly, that the
businesses that are now part of our team through this M&A
activity will result in long-term growth and opportunities for our
company and our shareholders.
The culmination of the two mergers early in the quarter of
PresentAll and Text My Market along with the development of new
technologies for both of these companies should result in continued
growth and profitability.
I am also pleased to announce that we have completed the final 2
acquisitions for this quarter. These two app companies are cash
flow positive and should add favorably to our bottom line once the
revenue is recognized on our P&L.
These four acquisitions should add approximately $1.5 million in
gross revenue and an estimated $250,000 in profits (excluding
depreciation). This means that TITL's gross income should approach
approximately $2.5 million on a consolidated basis. TITL also looks
to additional economies of scale and cross-marketing products and
services, which should result in further income growth
opportunities.
With the decline of our stock price, we found it difficult to
raise the capital that was necessary for these final deals. I
believe that there is huge growth potential within the smartphone
and mobile platform industry and rather than loose the opportunity
and not proceed, I have personally financed the remaining portion
of these transactions. I have provided $150,000 to finalize these
transactions. This loan will be at zero percent interest and it
will NOT have a convertible component.
I am also excited to share our new website with you as it
relates to the App development companies www.action-app.com. This
website will give you great insight into the current technologies
as well as where we see the future growth within this sector. I'm
sure, once you read this information, you will agree with me, that
the mobile sector is rapidly expanding and creates many
opportunities for success.
We also did not use all of the shares previously issued for our
M/A activity and the unused shares have been returned to treasury
resulting in a decrease in our OS as of 4/29/2011. Previously our
OS was 896,000,000 and as of 4/29/2011 our OS was 791,866,827.
Today, brings the first day of the new quarter and with it, new
opportunities for growth and prosperity. Each day, I will work
relentlessly to bring profitability and growth to our company for
increased shareholder value.
Dustin Secor, CEO
The company will continue to update its shareholder base on
timely basis regarding all new developments and achievements.
Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of Title
Consulting Services, Inc. that constitute forward-looking
statements for purposes of the Safe Harbor Provisions under the
Private Securities Litigation Reform Act of 1995. The words or
phrases "can be", "expects", "may affect", "believed", "estimate",
"project" and similar words and phrases are intended to identify
such forward-looking statements. Title Consulting Services, Inc.
cautions you that any forward-looking information provided by or on
behalf of Title Consulting Services, Inc. is not a guarantee of
future performance. None of the information in this press release
constitutes or is intended as an offer to sell securities or
investment advice of any kind. Title Consulting Services, Inc.'s
actual results may differ materially from those anticipated in such
forward-looking statements as a result of various important
factors, some of which are beyond Title Consulting Services, Inc.'s
control. In addition to those discussed in Title Consulting
Services, Inc.'s press releases, public filings, and statements by
Title Consulting Services, Inc.'s management, including, but not
limited to, Title Consulting Services, Inc.'s estimate of the
sufficiency of its existing capital resources, Title Consulting
Services, Inc.'s ability to raise additional capital to fund future
operations, Title Consulting Services, Inc.'s ability to repay its
existing indebtedness, the uncertainties involved in estimating
market opportunities, and in identifying contracts which match
Title Consulting Services, Inc.'s capability to be awarded
contracts. All such forward-looking statements are current only as
of the date on which such statements were made. Title Consulting
Services, Inc. does not undertake any obligation to publicly update
any forward-looking statement to reflect events or circumstances
after the date on which any such statement is made or to reflect
the occurrence of unanticipated events.
Contacts: Title Consulting Services, Inc. Investor Relations
1-647-426-1640 www.minamargroup.net/helpdesk Investor Relations
Department Inquiries www.minamargroup.net For M&A and Corporate
Matters www.minamargroup.com