PR Newswire | 23 Feb, 2015
BARRIE, Ontario: Telecorp, Inc. (OTC Markets: TLNUF) ("Telecorp" or the "Company"), a growing provider of software communications solutions, announced today that the Company has issued a Letter of Intent to acquire a majority interest in Sveltoz Solutions Pvt Ltd. a Pune, India based company.
Sveltoz is an exciting, emerging, mobile application solutions and development company, with a positive cash flow and clients located around the world. This Letter of Intent states that Telecorp will acquire a minimum of fifty-one percent (51%), interest in Sveltoz. The LOI further states that Telecorp, upon additional Due Diligence, will attempt to acquire a controlling interest in Sveltoz Solutions Pvt Ltd., a continuously profitable, Software Development Company.
"Telecorp is pleased to have this opportunity to be one step closer to another exciting acquisition possibility for all our shareholders," stated Paul Phillips, President and CEO of Telecorp, Inc. "We are aggressively seeking positions in profitable and growing companies, to augment our portfolio. We are hoping to have three (3) companies confirmed and added to our family by the end of April."
Telecorp has had significant talks with Sveltoz Solutions and feels positive that the consummation of a deal is imminent.
About Sveltoz Solutions:
Sveltoz Solutions is a professional and leading software development firm based in India that focuses on budget-friendly software development and timely delivery. The company has experience and expertise in project management and offshore development. Our team of motivated software professionals gives your business an edge over the others by offering a global software outsourcing model. You can expect bespoke solutions as per your budget and requirement.
The talented professionals offer suitable and effective solutions that ensure dynamic business solutions and happy clients. The individuals are capable of delivering reliable, high performance and scalable internet applications. Our experts can solve the everyday challenges of application development; they are experienced, highly productive and committed to their project deadline. Being a leader in multiple areas, we have earned immense reputation, strategic partnerships and celebrate success stories from global clientele.
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.
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.
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SOURCE Telecorp, Inc.