Targeted acquisitions are expected to generate significant earnings accretion for Telecorp
Barrie, Ontario Canada - June 30th, 2015 - Telecorp, Inc. (OTC Markets: TLNUF) ("Telecorp" or the "Company"), a growing provider of software communications solutions, announced today that it is actively pursuing up to five (5) profitable acquisition companies in India.
Based in Pune, Hyderabad, Chandigarh and Delhi, the acquisition targets, which will add new services to Telecorp's repertoire such as IT and mobile applications development, design thinking, smartwatch applications, and search engine marketing, are currently earning in the range of $25,000-$200,000 in revenues per year and would provide immediate cash flow identified from profitable long-standing, single-owner operations with proven models of success. If successful in purchasing these companies, Telecorp expects targeted acquisitions to bring in revenues of approximately US $1.0 million by end of 2016.
Chief Executive Officer, Paul Phillips, who recently concluded a 6-week scouting and due diligence trip in India, commented, "Given our SWOT analysis of the significant opportunities and deep pools of technology talent in India, our primary criteria were to find businesses that are incubating, growing, innovative startups that will 1) complement our existing operations, 2) add strategic or competitive value to our operations, 3) have favorable long-term economic characteristics, 4) are available at an attractive price and, 5) can facilitate higher growth and profitability. Our focus is to expand our operations for unique advantages and flexibility for our customers and partners to benefit from," he concluded.
In Telecorp's press release dated April 13th, 2015, it was announced that the Company signed a $100,000 Purchase Agreement to acquire Chandigarh-headquartered IT development and search engine marketing company, Dev Datamedics & Software Pvt Ltd ("Dev Datamedics"). On a monthly basis, Dev Datamedics is anticipated to generate approximately $20,000 to $40,000 in revenues for Telecorp. In the coming weeks, Telecorp expects to conclude its ongoing evaluation and due diligence of Dev Datamedics' accounting records. In the meantime, both companies will continue operating under a "business as usual" philosophy.
Telecorp's active pipeline of potential acquisition targets are:
•1 company under a Purchase Agreement
•1 company under a Letter of Intent (LOI)
•2 companies in advanced discussions
•3 companies under non-disclosure agreements (NDA)
About Dev Datamedics:
Dev Datamedics & Software Pvt Ltd. dba 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 a growing provider of communication solutions to many companies and industries including, automotive, real estate, financial, health, charities, and many more. Telecorp offers creative and software solutions for communicating with our client's 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, drive greater profitability from every interaction and allow every user to reduce costs and increase productivity at every use.
The company's integrated suite of customized solutions includes 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.
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Additional disclosure: Penny Stock Pinnacle has been compensated $1,000 (via bank wire) by Telecorp Inc. for two weeks of news distribution services, starting on June 16th, 2015. Penny Stock Pinnacle and/or its affiliates are currently in possession of 80,000,000 R144 shares and 100,000,000 free trading shares. Penny Stock Pinnacle and/or its affiliates have not and will not sell any securities in Telecorp Inc on 6/30/15. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company.