STL Marketing Group, Inc. (OTC:STLK) Enters into a Letter of Intent with Call Management Products, Inc.
PR Newswire
COLORADO SPRINGS, Colo., May 28, 2014
COLORADO SPRINGS, Colo. , May 28, 2014 /PRNewswire/ -- STL Marketing Group, Inc. (the "Company") has signed a Letter of Intent with Call Management Products, Inc. ("CMP"), a Colorado technology company. Under the terms of the Letter of Intent, STLK would promote, distribute and sell CMP's products in markets not currently served by CMP, namely overseas and to the Small Business Market (SMB) in North America .
"We are pleased to have executed this Letter of Intent with CMP. We have worked with CMP in the past and believe this will allow the Company an interesting opportunity. Our goal is to ensure the Company generates revenue, as it continues to pursue its anticipated Power Purchase Agreement. We strongly believe this distribution opportunity will complement our core business and is in the best interest of our shareholders. The companies are working on the definitive agreement. We will continue to pursue opportunities like this to further enhance our ability to grow the company," said Jose P. Quiros , the Chief Executive Officer of STL Marketing Group, Inc.
"The international distribution experience represented within STL Marketing Group, Inc. in our own hospitality telephone system market is unsurpassed. They are a natural partner for us moving forward with expansion to international markets with the Voiceware® product line. Add to that their vision for expanding Voiceware's powerful business voice side into the U.S. SMB market, and you get a fantastic two-for-one partner. We are extremely excited about the business relationship PhoneSuite and STLK begin to forge with this agreement" said Frank Melville , President of PhoneSuite.
About STL Marketing Group, Inc./ Versant Corporation
Versant Corporation is a subsidiary of STL Marketing Group, Inc. and a Colorado based renewable energy company seeking to develop and operate renewable energy projects. Its first proposed stage of development is focused on wind energy facilities in Costa Rica. For more information on STLK, please visit our web site at www.STLmarketingGroup.com or www.v3rsant.com .
About Call Management Products, Inc.
For over 20 years, Call Management Products, Inc., under its brand name PhoneSuite, has leveraged its expertise in communication technology to provide high-quality, low-power consuming products. PhoneSuite is dedicated to the design and manufacture of products and is proud to have installed 4,000 systems in properties ranging from B&B's to 475-room franchise hotels throughout the world. Our products, combined with our nationwide dealer support and engineering expertise, create reliable communication solutions that meet or exceed all hotel requirements. PhoneSuite is a Preferred Vendor for several major hotel chains, an Allied Member of the American Hotel & Lodging Association (AH&LA), a Founding Sponsor of the Asian American Hotel Owners Association (AAHOA), a member of Hotel Technology Next Generation (HTNG), and was recognized by the Denver Business Journal as one of the Top 25 Fastest-Growing Small Private Companies.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
SOURCE STL Marketing Group, Inc.
