PRESS RELEASE NOV 02 2015 http://www.otcmarkets
Post# of 226
Posted On: 11/02/2015 8:55:26 AM
PRESS RELEASE NOV 02 2015
http://www.otcmarkets.com/otciq/ajax/showNews...f?id=17541
TELECORP ANNOUNCES COMPLETION OF HOSTING ACQUISITION
Barrie, Ontario Canada – November 2nd, 2015 – Telecorp, Inc. (OTC Markets: TLNUF) (“Telecorp” or
the “Company”), a growing provider of software communications solutions, announced today that it has
completed the acquisition of the Hosting Division of Dev Datamedics & Software Pvt Ltd (“Dev
Datamedics”).
Headquartered in Chandigarh, India, Dev Datamedics owned and operated Host4gains as a separate
divisions of the company. This division was not for sale until recently and after a visit to the office in India.
The company looks after Domains and offers Hosting services to over 50 companies.
“We are excited to obtain the complete company including the hosting business and all the other services as
it just made sense even though there are some logistic issues that we will need to overcome.” said Paul
Phillips, President and CEO of Telecorp Inc. “
With this added acquisition, the company will acquire a modest monthly income and extend the services to
include Telecorp’s present servers. Telecorp will offer competitive monthly service fee of $9.99 a month
and also offer package pricing on web/domain/hosting.
It is anticipated that monthly revenues will increase between $500.00 and $1,000 monthly starting in
January 2016, generating a yearly revenue that should exceed $15,000 monthly after 12 months. This
revenue will be reflected on Telecorp’s income statement and, with the expected additional cash flow, the
Company intends to clear off approximately $225,000 in debt off its balance sheet.
The changeover is expected to occur on November 15th
, whereby Dev Datamedics and hosting business will
be completely integrated into Telecorp, and will complement the Company’s existing CRM business.
http://www.otcmarkets.com/otciq/ajax/showNews...f?id=17541
TELECORP ANNOUNCES COMPLETION OF HOSTING ACQUISITION
Barrie, Ontario Canada – November 2nd, 2015 – Telecorp, Inc. (OTC Markets: TLNUF) (“Telecorp” or
the “Company”), a growing provider of software communications solutions, announced today that it has
completed the acquisition of the Hosting Division of Dev Datamedics & Software Pvt Ltd (“Dev
Datamedics”).
Headquartered in Chandigarh, India, Dev Datamedics owned and operated Host4gains as a separate
divisions of the company. This division was not for sale until recently and after a visit to the office in India.
The company looks after Domains and offers Hosting services to over 50 companies.
“We are excited to obtain the complete company including the hosting business and all the other services as
it just made sense even though there are some logistic issues that we will need to overcome.” said Paul
Phillips, President and CEO of Telecorp Inc. “
With this added acquisition, the company will acquire a modest monthly income and extend the services to
include Telecorp’s present servers. Telecorp will offer competitive monthly service fee of $9.99 a month
and also offer package pricing on web/domain/hosting.
It is anticipated that monthly revenues will increase between $500.00 and $1,000 monthly starting in
January 2016, generating a yearly revenue that should exceed $15,000 monthly after 12 months. This
revenue will be reflected on Telecorp’s income statement and, with the expected additional cash flow, the
Company intends to clear off approximately $225,000 in debt off its balance sheet.
The changeover is expected to occur on November 15th
, whereby Dev Datamedics and hosting business will
be completely integrated into Telecorp, and will complement the Company’s existing CRM business.
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