BARRIE, Ontario, April 14, 2015 /PRNewswire/ -- Telecorp,
Inc. (OTC Markets: TLNUF) ("Telecorp" or the "Company"), a
growing provider of software communications solutions, announced
today that the Company has successfully executed the acquisition
agreement for the purchase of Dev Datamedics & Software Pvt
Ltd ("Dev Datamedics"). Dev Datamedics is a web design, web
development and search engine marketing company with positive cash
flow. Dev Datamedics has many global clients located in
India, Australia, UK, Dubai, Canada
and the United States and has been
in business since 1999. They have generated steady annual sales
growth since inception and will operate as a wholly-owned
subsidiary of Telecorp, Inc., maintaining its office in Chandigarh,
India.
On a monthly basis, Dev Datamedics is anticipated to initially
generate approximately $20,000 to
$40,000 in revenues. Sales from Dev Datamedics will be
reflected in Telecorp's second quarter financials.
"The acquisition of Dev Datamedics is an essential part of
Telecorp's aggressive growth strategy," stated Paul Phillips, CEO of Telecorp, Inc. "Our
customers will benefit from the newly expanded global network, the
increased portfolio of value-added services, the combined
operational excellence and the consistent service quality
worldwide. We are very much looking forward to welcoming the
employees from Dev Datamedics and towards combining the strengths
of both Telecorp and Dev Datamedics."
A final Bill of Sale is expected to occur within two weeks after
an on-site due diligence visit is conducted by Paul Phillips next month. The acquisition will
be completed with a combination of cash, stock, positions in
Telecorp and delayed payments, valued at approximately $100,000 for complete ownership of Dev
Datamedics. Telecorp will invest approximately $35,000 in capital, with first payment being made
immediately upon completion of its due diligence visit and the
final payment will be within 3 months of the ownership transfer.
Telecorp has a number of major distributers ready to sell the Dev
Datamedics high impact websites. The Company plans to announce
partners with Sales and Distribution channels within 60 days.
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.