Textmunication Issues Shareholder Upda
Post# of 102279
Posted On: 09/22/2016 2:15:02 PM
Textmunication Issues Shareholder Update
September 22, 2016
PLEASANT HILL, CA / ACCESSWIRE / September 22, 2016 / Wais Asefi, Chief Executive Officer of Textmunication, Inc. (TXHD) ("Textmunication" or the "Company"
, issued the following letter today to the shareholders of Textmunication: Dear Shareholders:
I am pleased to provide this update. We are extremely excited about our position in the SMS Mobile Marketing space. Studies have shown SMS Mobile Marketing is the most effective medium for targeted consumer communication. We have accomplished several goals this past quarter:
- Signed exclusive SMS arrangement with CORAnet Solutions and have entered the Healthcare sector with a leading Patient Health Record (PHR) firm who is integrated with Allscripts, the world's largest Electronic Health Records (EHR) company. CORAnet Solutions has plans to scale its service to more than 10M subscribers in the next 18 months. They will be sending SMS notifications as part of their platform in the U.S. and abroad. Upwards of 30 million SMS could be sent monthly once the platform reaches peak performance.
- Executing a scalable plan to the premier Club Management Software (CMS) companies for conversion to our SMS solution. ABC Financial, the largest CMS company, announced an exclusive partnership with Textmunication and will now begin promoting our solution to its large customer base.
- We are targeting several companies for merger and acquisition. In addition to our organic sales growth, we are seeking Quick Service Restaurants (QSR), SMS competitors and an innovative Healthcare firm as potential targets. Our goal is to find synergistic companies who are also large users of SMS.
- Aspire Consulting Group, which is minority-owned by Textmunication, has signed strategic Teaming Agreements with respected companies in the federal and commercial sectors. New awards are imminent based on these relationships.
The company has made several moves in recent months to improve our financial position. We recently settled debt from several note holders and had 59 million shares returned to the Treasury. This transaction was outlined in a recent 8-K. We have also eliminated several convertible notes this quarter. Our goal is to have all convertible notes paid off by early Q4.
We will continue to separate ourselves from the competition through innovation of our software and scalability of our platform. Textmunication has the only automated SMS solution for the Health and Fitness industry. Last week in Baltimore, we displayed our solution to more than 100 CIOs and CTOs at a technology summit. We plan on capturing the market share of more than 35,000 gyms in the U.S. with our unique and scalable service.
I'm grateful for your continued support and I look forward to our next communication.
Best Regards,
Wais Asefi
Chief Executive Officer
Textmunication, Inc.
About Textmunication Mobile Marketing:
Textmunication is an online mobile marketing platform service provider that helps health clubs and martial arts studios communicate with their members by allowing them to build loyalty, engage member retention, and create new business through a non-intrusive, value added medium. Textmunication connects members to the content they desire through any mobile device for health clubs and studio events, as well as promotions. Clients can send the most up-to-date offers, discounts, member alerts, events, PT schedules, or any other personalized campaign.
Forward Looking Statements
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Read More
Additional Information
Textmunication, Inc.
Wais Asefi, Chairman and CEO
wais@textmunication.com
800-677-7003
SOURCE: Textmunication, Inc.
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