BARRIE, ON / CRWEPRESSRELEASE / August 10, 2015 / Telecorp, Inc. (OTCMKTS:TLNUF) (“Telecorp” or the “Company”), a growing provider of software communications solutions, announced today that it has completed its first leg of a financial audit of Dev Datamedics & Software Pvt Ltd(“Dev Datamedics”), based in Chandigarh, India.
As previously announced on April 13, 2015, Telecorp signed a Letter of Intent for the purchase of Dev Datamedics, a web design, web development and search engine marketing company with positive cash flow. Dev Datamedics has been in business since 1999 and through the audit process, it has been determine that Dev Datamedics has shown positive net income and steady growth year-over-year since its inception. These figures are in line with what Dev Datamedics has reported and it is estimated that once the audit and subsequent acquisition are completed, approximately $20,000 to $40,000 in monthly revenues can be reflected on Telecorp’s balance sheet commencing in its second quarter.
It is anticipated that pending completion of the audit will allow Telecorp to move forward with the acquisition as predicted.
Upon final approval, Telecorp plans on adding to the present staff of 7 developers in India, including a flash developer, graphic designer and e-commerce developer in preparation of an anticipated increase in sales in the second and third quarters. Further information on the acquisition and potential sales contracts will be released in the near future.
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 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.
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