Textmunication Holdings, Inc. Offers Subscription Agreement for Equity Ownership
October 25 2017 - 9:00AM
Access Wire
PLEASANT HILL, CA / ACCESSWIRE / October 25, 2017
/ Textmunication Holdings, Inc. (OTC PINK: TXHD.OB), a
cloud-based mobile SMS marketing platform provider, released a
Subscription Agreement ("Agreement") to several accredited
investors for a minority ownership stake in Textmunication.
Textmunication is seeking working capital for both software
development and marketing to expand its market share in the SMS
mobile marketing sector. The Agreement offers a turning point for
Textmunication as it moves away from convertible financing into
equity investment from investors who have influence in the mobile
marketing sector.
Textmunication has positioned itself for this type of investment
with steady revenue increases, note settlements and overall debt
reduction. Revenue increases in 2017 of 259% in Q1 and 298% in Q2
have attracted investment interest from accredited investors.
"We've made a strategic decision to raise capital through equity
financing rather than convertible notes," stated Textmunication
CEO, Wais Asefi. "We've reached a stage in our company where
Textmunication is attractive to investors based on our revenue
growth, partnerships, debt reduction and overall operational
outlook and we no longer have to source convertible financing for
our expansion efforts."
Additional updates will be issued through SEC filings if the
investment is completed.
Textmunication has completed its non-integrated GEN3 software
platform. Several new Club Management Software (CMS) firms are
waiting on the development of new APIs to begin full-scale
implementation. Textmunication will have the Top 6 CMS companies
(which own 70% of the North American fitness market) using its
software platform when all APIs are completed.
ABC Financial ("ABC") recently announced Textmunication as a
"Preferred Partner" in its vast vendor ecosystem. ABC has selected
strategic vendors to assist in the educational outreach of key
solutions to more than 8000 health clubs using its leading software
solution. Strategic partnerships and software integration are key
factors in the growth of Textmunication as it continues to
differentiate its solution in the $50 billion+ global SMS
market.
Aspire Consulting Group LLC ("Aspire") - 49% owned by
Textmunication, is waiting on three state contract award
notifications in Q4 in addition to the three awards it has already
won in 2017 through its prime partnerships on the federal level.
Aspire is building a varied contracting portfolio for the next
several years with key System Integrators who have leverage in the
government IT Services market.
Text TXHD to shortcode 87365 to sign-up for news alerts and
announcements via SMS.
About Textmunication Holdings, Inc.
Textmunication is an online mobile marketing platform service
provider that helps health clubs and martial arts studios
communicate with their members by allowing them to build loyalty,
engage member retention, and create new business through a
non-intrusive, value added medium. Textmunication connects members
to the content they desire through any mobile device for health
clubs and studio events, as well as promotions. Clients can send
the most up-to-date offers, discounts, member alerts, events, PT
schedules, or any other personalized campaign.
www.textmunication.com
Text DEMO to shortcode 87365 to sign up for a demonstration on
our SMS solution.
Safe Harbor Provision:
Except for the statements of historical fact contained herein,
the information presented in this news release constitutes
"forward-looking statements" made pursuant to the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
You are cautioned not to place undue reliance on any
forward-looking statements in this press release as they reflect
Textmunication Holdings’ current expectations with respect to
future events and are subject to risks and uncertainties that may
cause actual results to differ materially from those contemplated.
Potential risks and uncertainties include, but are not limited to,
the risks described in Textmunication Holdings’ filings with the
Securities and Exchange Commission. Accordingly, readers should not
place undue reliance on forward-looking statements contained in
this news release and any document referred to in this press
release.
Contact:
Wais Asefi
Textmunication
(800) 677-7003
wais@textmunication.com
SOURCE: Textmunication Holdings, Inc.
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