I live near by this company TELECORP TO INSTITU
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Posted On: 08/29/2015 10:02:14 AM
I live near by this company
TELECORP TO INSTITUTE STOCK BUY BACK PLAN FOR COMPANY EXPANSION
Barrie, Ontario, Canada – August 13
th, 2015 – Telecorp, Inc. (OTC Markets: TLNUF) (“Telecorp” or the
“Company”), a growing provider of software communications solutions, announced today that, with the pending
and imminent acquisition of Dev Datamedics & Software Pvt Ltd (“Dev Datamedics”) set to occur in a few
short weeks and its plans for additional acquisitions and collaborative partnerships, the Company is
strategizing to buy back up to USD $250,000 worth of its common shares over the next six (6) months.
Telecorp previously announced that a Letter of Intent has been signed and that the first of two stages of a
financial audit for the 100% acquisition of Dev Datamedics has been completed (April 13 and August 10, 2015
news releases). Telecorp has also announced (July 14, 2015 press release) that it has entered into an
Exclusivity Agreement with Doozi Entertainment Company, Inc. (“Doozi”), a Toronto-headquartered IT
development and mobile solutions company, which will provide a basis in forming a collaborative partnership
for continued software applications development. With the proposed purchase of up to USD $250,000 of its own stock and return to the Company’s treasury, Management believes doing so will enhance the value of the Company for future acquisitions and collaborations. “We have made tremendous strides forward over the past few months and soon we will be generating cash flow once the acquisition of Dev Datamedics is complete. We are extremely confident in the long-term growth of our operations in India and our plans to repurchase our stock will only add to shareholder value. We want to
demonstrate our commitment to returning capital to our shareholders,” stated Jose Fernandez, Secretary of
Telecorp, Inc.
“Most importantly, I want to elevate our shareholders’ confidence in my Board’s determination for Telecorp to
succeed. Although I’ve stated that we do not intend to perform a reverse split, I feel that actions speak louder
than words. I’m optimistic that shareholders will notice that Telecorp’s financial well-being will be affected in
the same fashion as theirs. As such, if and when we encounter worrisome events in the market, at any time
moving forward, I would like shareholders to trust that no one is working harder than myself to continue building
a valuable, investment-worthy company,” said Paul Phillips, President of Telecorp, Inc.
TELECORP TO INSTITUTE STOCK BUY BACK PLAN FOR COMPANY EXPANSION
Barrie, Ontario, Canada – August 13
th, 2015 – Telecorp, Inc. (OTC Markets: TLNUF) (“Telecorp” or the
“Company”), a growing provider of software communications solutions, announced today that, with the pending
and imminent acquisition of Dev Datamedics & Software Pvt Ltd (“Dev Datamedics”) set to occur in a few
short weeks and its plans for additional acquisitions and collaborative partnerships, the Company is
strategizing to buy back up to USD $250,000 worth of its common shares over the next six (6) months.
Telecorp previously announced that a Letter of Intent has been signed and that the first of two stages of a
financial audit for the 100% acquisition of Dev Datamedics has been completed (April 13 and August 10, 2015
news releases). Telecorp has also announced (July 14, 2015 press release) that it has entered into an
Exclusivity Agreement with Doozi Entertainment Company, Inc. (“Doozi”), a Toronto-headquartered IT
development and mobile solutions company, which will provide a basis in forming a collaborative partnership
for continued software applications development. With the proposed purchase of up to USD $250,000 of its own stock and return to the Company’s treasury, Management believes doing so will enhance the value of the Company for future acquisitions and collaborations. “We have made tremendous strides forward over the past few months and soon we will be generating cash flow once the acquisition of Dev Datamedics is complete. We are extremely confident in the long-term growth of our operations in India and our plans to repurchase our stock will only add to shareholder value. We want to
demonstrate our commitment to returning capital to our shareholders,” stated Jose Fernandez, Secretary of
Telecorp, Inc.
“Most importantly, I want to elevate our shareholders’ confidence in my Board’s determination for Telecorp to
succeed. Although I’ve stated that we do not intend to perform a reverse split, I feel that actions speak louder
than words. I’m optimistic that shareholders will notice that Telecorp’s financial well-being will be affected in
the same fashion as theirs. As such, if and when we encounter worrisome events in the market, at any time
moving forward, I would like shareholders to trust that no one is working harder than myself to continue building
a valuable, investment-worthy company,” said Paul Phillips, President of Telecorp, Inc.
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