BARRIE, Ontario, Feb. 9, 2015 /PRNewswire/ -- Telecorp,
Inc. (OTC Markets: TLNUF) ("Telecorp" or the "Company"), is
pleased to announce that the Company has signed a Letter of Intent
(LOI), to acquire Dev Datamedics & Software Pvt Ltd
("Dev Datamedics"), as a wholly owned subsidiary of Telecorp.
This LOI establishes Telecorp's intent to acquire a controlling
position in Dev Datamedics, a modest development company, which
employs roughly 7 full-time developers. Financially, the company is
breaking even, however, it is the intention of Telecorp, that with
their growing infrastructure, the company will turn profitable
within 3 to 6 months after the completed acquisition. Based
in Chandigarh, India; Dev
Datamedics has provided hundreds of customers with high- quality
web and software development for over 15 years.
"As we've discussed, Telecorp is actively looking for quality
acquisitions with established companies or even exciting startups,"
stated Paul Phillips, CEO of
Telecorp, Inc. "Exploring our list of potential merger and/or
acquisition targets, Dev Datamedics was one of the first companies
we considered, as a synergetic and profitable endeavor for
Telecorp. We look forward to working closely with this talented
group of programmers, to not only enhance our products, but to grow
Datamedics customer base, which will increase revenues to both our
organizations."
Dev Datamedic's primary website can be found at
www.net4gains.com.
About Dev Datamedics:
Dev Datamedics is an offshore web design, web development and
search engine marketing company. The company provides valuable
outsourcing services to its worldwide clients. Dev Datamedics
offers a personal approach and caters to clients' needs with its
skilled staff.
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.
For further information, please contact:
Telecorp Inc.
Investor Relations
investors@telecorp.com
www.telecorp.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/telecorp-announces-letter-of-intent-to-acquire-dev-datamedics--software-company-300032825.html
SOURCE Telecorp, Inc.