$TXHD TEXTMUNICATION HOLDINGS INC ( TXHD - OTC )
ARTIFICIAL INTELLIGENCE
CEO Update - Mobile Marketing Solutions - High Tech
Serious Investors Only
Textmunication Holdings is an SMS marketing provider that currently controls the CMS (Club management software) industry. 7 of the top 8 CMS providers use Textmunication's SMS software platform. Textmunication is launching its RCS software platform this month. RCS is the next generation of text messaging and will represent an 80 Billion dollar market opportunity by 2020.
After making a stellar upward move this high tech company has formed a triple bottom and a solid base from which to move aggressively forward . Resistance exists at its 4th quarter high of $0.72 . With 11.3 million closely held shares this company could move quickly to the upside . We feel a large short position could propel these shares to the upside.
A highly experienced and fully capable management team drives this high tech communications company and we feel that the future of this company is in good hands . Serious investors should place these shares on their BUY LIST
See 2018 financial highlights below
CEO UPDATE
We are a developing player in the mobile marketing and loyalty industry, providing cutting-edge mobile marketing solutions, rewards and loyalty to our clients. With a powerful yet intuitive suite of services, clients are able to reach more customers faster and reward them for repeat business. We help clients reach their marketing and revenue goals by educating clients with the most effective tools in mobile marketing, rewards, paperless redemption and loyalty.
In the past 4 years, we have grown to over 765 clients and more than 950 different locations in the United States and Canada. We have achieved this with an expanded focus on a variety of industries, including restaurants, retailers, entertainment venues and other partnership opportunities. We are looking to open new SMS markets in Europe and Asia based on new client relationships. We have decided to focus our energy on the gym, health and fitness club market. However, we are also working with Quick Service Restaurants (QSR), Beauty/Tanning salons, hospitality, entertainment, digital marketing and sporting events. Our new Smart Automated Messaging (SAM) platform is fully operational and has completely replaced our legacy software platform. The SAM platform has the capacity to bring on several thousand new clients while adding new functionality such as Rich Communication Services (RCS) and Artificial Intelligence (AI). We will be introducing RCS to SAM in April 2019 and the AI functionality in the second half of 2019.
Our new software platform provides a powerful nonintrusive and valued-added engagement tool capable of delivering more than one billion SMS per month. CIOReview Magazine recognized Textmunication as one of the “Top 20 Most Promising Digital Marketing Solution Providers” in its annual 2018 edition. We offer cutting-edge technology with upcoming solutions such as Rich Communication Services (RCS). We were chosen as an early adopter of RCS by aleading mobile messaging provider, OpenMarket, which could create a paradigm shift in the text messaging world with rich images, videos, chat box features and multi-media in a single text.
We have built an advanced “Communication Platform as a Service” (CPaaS) backbone enabling developers to add real-time communication features in their own applications without needing to build backend infrastructure and interfaces. We are working to develop “Messaging as a Platform” (MaaP). A MaaP platform combines advanced messaging with standardized interfaces to plugins creating a richer experience for consumers, such as RCS. Textmunication is targeting its RCS solution for April 2019. Textmunication expanded its White Label program allowing companies of all sizes to implement an “out-of-the-box” solution “Powered by Textmunication”. In addition to White Label, the company offers standalone Application Programming Interfaces or APIs, integrated API solutions and non-integrated services.
API development is a major focus for 2019. We can produce a new API in 2-4 weeks for each new client. We now have 7 of the top 8 Health Club Management Software (CMS) companies using our integrated SMS fitness solution. There is no other automated health and fitness solution offering a completed end-to-end solution similar to ours. We now have access to more than 25,000 health clubs in North America and will focus on converting new clubs to our solution in the next 12 months.
By adding RCS and AI, we can add customer value and higher priced solutions to any vertical we are pursuing. The evolution of SMS into RCS will establish Textmunication as an innovator of new technology and upgraded services. We are pursuing AI assets to add to SAM which will establish us as a pure technology company with an advanced communication platform. We feel the transformation into a technology company with AI will open new revenue streams and add value to our technology assets.
We have also entered into the IT consulting business through our acquisition of a minority interest in Aspire Consulting, LLC. We plan to assist our controlling partner in the development of this consulting business in addition to improving the market position of our mobile marketing business.
Our principal executive office is located at 1940 Contra Costa Blvd. Pleasant Hill, CA 94523 and our telephone number is (925-777-2111).
Textmunication Holdings, Inc. Releases 2018 Annual Report and Blueprint for Growth
PLEASANT HILL, CA, April 03, 2019 (GLOBE NEWSWIRE) -- Textmunication Holdings, Inc. (OTCM: TXHD) (TXHD), a cloud-based communication technology holding company, released its 2018 Annual 10-K report with revenues reaching $1,066,408 for 2018, a 13% increase over 2017 revenues. The Silicon Valley-based firm provides mobile marketing services including Application Programming Interfaces (APIs) and integrated mobile messaging solutions for health clubs, beauty salons and Quick Service Restaurants (QSR) sectors.
Many company milestones were achieved in 2018 including the elimination of its previous convertible debt, adding new equity investors and senior advisors, modifying the share structure to attract additional investment, completing its new software platform and developing the future of mobile messaging known as Rich Communication Services (RCS). This new service will be delivered to selected clients starting this month with full scale implementation starting this summer and throughout 2019.
Textmunication has teamed with OpenMarket to deliver RCS with the intention to transform the fitness engagement model. The launch of RCS, also known as ‘Chat’, is the future of mobile messaging. RCS is text messaging for the smartphone age offering a richer, smarter – more app experience all from the SMS box. The Company recently opened the United Kingdom (UK) for EZFacility clients and expects to open additional international markets throughout 2019.
Textmunication added several new integrated CMS partnerships in 2018 with leading fitness management software providers such as Twin Oaks Software, EZFacility, ASF Payment Solutions and enhanced its White Label solution for Jonas Fitness. The upcoming RCS solution will be available to all CMS companies in 2019.
We spent a good portion of 2018 moving clients from our legacy platform to our new generation platform, completing our company restructuring plan and developing new services – such as RCS, stated Textmunication CEO, Wais Asefi. While 2018 was a transitional year for us on many fronts, we can now focus on delivering RCS, opening new international markets and looking to acquire technology assets which will increase revenue opportunities and position Textmunication in the top-tier of mobile communication providers.
Text TXHD to shortcode 52236 to sign-up for news alerts and announcements via SMS.
About Textmunication Holdings, Inc.
Based in Silicon Valley, Textmunication Inc. is a leading mobile marketing solutions provider to more than a thousand clients across North America. An early adopter of next-generation text message protocol Rich Communication Services (RCS), the Company currently leverages its proprietary SMS software platform to deliver robust APIs and integrated solutions to a diverse range of end users including health and fitness facilities, beauty salons, sporting events, hospitality organizations, entertainment and digital marketing firms. Committed to ongoing innovation, Textmunication was recognized by CIO Review Magazine as one of the “Top 20 Most Promising Digital Marketing Solution Providers” of 2018. For more information: www.textmunication.com
Safe Harbor Provision:
Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect Textmunication Holdings current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in Textmunication Holdings filings with the Securities and Exchange Commission. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and any document referred to in this press release.
Highlights 10K Dec 2018
Revenues
For the year ended December 31, 2018, we earned revenues in the amount of $1,066,408, as compared with revenues of $943,739 for the year ended December 31, 2017. The increase in revenues for 2018 over 2017 is due to increase in partner relationships with companies reselling our services and increasing demands for text messaging marketing in our target markets.
Cost of Sales
Cost of sales was $314,638 and $317,336 for the years ended December 31, 2018 and 2017, respectively. Our cost of revenues slightly decreased for 2018 compared with the 2017 and our margins were more as a result of additional development resources in 2017. We expect a similar cost of revenues for 2019.
Our gross profit was $751,770 for the year ended December 31, 2018 or approximately 70% of revenues, as compared with $626,403 for the year ended September 30, 2017, or approximately 66% of revenue.
Operating Expenses
Our operating expenses were $1,058,498 for the year ended December 31, 2018, as compared with $7,175,163 for the year ended December 31, 2017. The main reason for our decreased operating expenses in 2017 was a result of stock-based compensation to our CEO, Wais Asefi.
The main reason for our decreased operating expenses in 2018 was a result of less spent on officer compensation and general and administrative expenses. In 2017, we expensed $6,000,000 as a result of stock-based compensation to our CEO, Wais Asefi. Other major operating expenses decreased was the cost of legal and professional expenses. We expensed approximately $370,000 stock based legal fees for filling of 3A10 exemption.
We expect that our operating expenses for the rest of 2019 will remain similar to that in the present year, provided that we do not have to issue stock for services. Given our lack of operating capital, we have been forced to issue shares for services rendered to the company. We hope that increased revenues will lessen that trend for 2019 and beyond.
Other Income and Expenses
We had net other income of $329,383 for the year ended December 31, 2018 and net other expenses of $1,098,734 for the same period ended December 31, 2017. Other income in 2018 consisted of $119,370 gain on settlement of derivative liabilities, and $255,339 gain on settlement of notes payables. Other expenses for 2018 consisted mainly of the amortization of debt discount of $42,534. In 2017 other expenses consisted of $850,753 in the loss on change of derivative liabilities change in fair value of derivative liabilities based on the Black-Scholes option pricing model, $188,549 in amortization of debt discount and $96,993 interest expense.
Net Income
We had a net income of $21,003 for the year ended December 31, 2018, as compared with net loss of $7,649,220 for the year ended December 31, 2017. The turnaround was mainly due to decrease in stock-based officer compensation in previous year.
Liquidity and Capital Resources
As of December 31, 2018, we had total current assets of $83,029. Our total current liabilities as of December 31, 2018 were $257,180. We had a working capital deficit of $174,151 as of December 31, 2018.
Cash flows from Operating Activities
Operating activities used $101,803 in cash the year ended December 31, 2018, as compared with $145,719 for the year ended December 31, 2017. Our loss
ARTIFICIAL INTELLIGENCE
CEO Update - Mobile Marketing Solutions - High Tech
Serious Investors Only
Textmunication Holdings is an SMS marketing provider that currently controls the CMS (Club management software) industry. 7 of the top 8 CMS providers use Textmunication's SMS software platform. Textmunication is launching its RCS software platform this month. RCS is the next generation of text messaging and will represent an 80 Billion dollar market opportunity by 2020.
After making a stellar upward move this high tech company has formed a triple bottom and a solid base from which to move aggressively forward . Resistance exists at its 4th quarter high of $0.72 . With 11.3 million closely held shares this company could move quickly to the upside . We feel a large short position could propel these shares to the upside.
A highly experienced and fully capable management team drives this high tech communications company and we feel that the future of this company is in good hands . Serious investors should place these shares on their BUY LIST
See 2018 financial highlights below
CEO UPDATE
We are a developing player in the mobile marketing and loyalty industry, providing cutting-edge mobile marketing solutions, rewards and loyalty to our clients. With a powerful yet intuitive suite of services, clients are able to reach more customers faster and reward them for repeat business. We help clients reach their marketing and revenue goals by educating clients with the most effective tools in mobile marketing, rewards, paperless redemption and loyalty.
In the past 4 years, we have grown to over 765 clients and more than 950 different locations in the United States and Canada. We have achieved this with an expanded focus on a variety of industries, including restaurants, retailers, entertainment venues and other partnership opportunities. We are looking to open new SMS markets in Europe and Asia based on new client relationships. We have decided to focus our energy on the gym, health and fitness club market. However, we are also working with Quick Service Restaurants (QSR), Beauty/Tanning salons, hospitality, entertainment, digital marketing and sporting events. Our new Smart Automated Messaging (SAM) platform is fully operational and has completely replaced our legacy software platform. The SAM platform has the capacity to bring on several thousand new clients while adding new functionality such as Rich Communication Services (RCS) and Artificial Intelligence (AI). We will be introducing RCS to SAM in April 2019 and the AI functionality in the second half of 2019.
Our new software platform provides a powerful nonintrusive and valued-added engagement tool capable of delivering more than one billion SMS per month. CIOReview Magazine recognized Textmunication as one of the “Top 20 Most Promising Digital Marketing Solution Providers” in its annual 2018 edition. We offer cutting-edge technology with upcoming solutions such as Rich Communication Services (RCS). We were chosen as an early adopter of RCS by aleading mobile messaging provider, OpenMarket, which could create a paradigm shift in the text messaging world with rich images, videos, chat box features and multi-media in a single text.
We have built an advanced “Communication Platform as a Service” (CPaaS) backbone enabling developers to add real-time communication features in their own applications without needing to build backend infrastructure and interfaces. We are working to develop “Messaging as a Platform” (MaaP). A MaaP platform combines advanced messaging with standardized interfaces to plugins creating a richer experience for consumers, such as RCS. Textmunication is targeting its RCS solution for April 2019. Textmunication expanded its White Label program allowing companies of all sizes to implement an “out-of-the-box” solution “Powered by Textmunication”. In addition to White Label, the company offers standalone Application Programming Interfaces or APIs, integrated API solutions and non-integrated services.
API development is a major focus for 2019. We can produce a new API in 2-4 weeks for each new client. We now have 7 of the top 8 Health Club Management Software (CMS) companies using our integrated SMS fitness solution. There is no other automated health and fitness solution offering a completed end-to-end solution similar to ours. We now have access to more than 25,000 health clubs in North America and will focus on converting new clubs to our solution in the next 12 months.
By adding RCS and AI, we can add customer value and higher priced solutions to any vertical we are pursuing. The evolution of SMS into RCS will establish Textmunication as an innovator of new technology and upgraded services. We are pursuing AI assets to add to SAM which will establish us as a pure technology company with an advanced communication platform. We feel the transformation into a technology company with AI will open new revenue streams and add value to our technology assets.
We have also entered into the IT consulting business through our acquisition of a minority interest in Aspire Consulting, LLC. We plan to assist our controlling partner in the development of this consulting business in addition to improving the market position of our mobile marketing business.
Our principal executive office is located at 1940 Contra Costa Blvd. Pleasant Hill, CA 94523 and our telephone number is (925-777-2111).
Textmunication Holdings, Inc. Releases 2018 Annual Report and Blueprint for Growth
PLEASANT HILL, CA, April 03, 2019 (GLOBE NEWSWIRE) -- Textmunication Holdings, Inc. (OTCM: TXHD) (TXHD), a cloud-based communication technology holding company, released its 2018 Annual 10-K report with revenues reaching $1,066,408 for 2018, a 13% increase over 2017 revenues. The Silicon Valley-based firm provides mobile marketing services including Application Programming Interfaces (APIs) and integrated mobile messaging solutions for health clubs, beauty salons and Quick Service Restaurants (QSR) sectors.
Many company milestones were achieved in 2018 including the elimination of its previous convertible debt, adding new equity investors and senior advisors, modifying the share structure to attract additional investment, completing its new software platform and developing the future of mobile messaging known as Rich Communication Services (RCS). This new service will be delivered to selected clients starting this month with full scale implementation starting this summer and throughout 2019.
Textmunication has teamed with OpenMarket to deliver RCS with the intention to transform the fitness engagement model. The launch of RCS, also known as ‘Chat’, is the future of mobile messaging. RCS is text messaging for the smartphone age offering a richer, smarter – more app experience all from the SMS box. The Company recently opened the United Kingdom (UK) for EZFacility clients and expects to open additional international markets throughout 2019.
Textmunication added several new integrated CMS partnerships in 2018 with leading fitness management software providers such as Twin Oaks Software, EZFacility, ASF Payment Solutions and enhanced its White Label solution for Jonas Fitness. The upcoming RCS solution will be available to all CMS companies in 2019.
We spent a good portion of 2018 moving clients from our legacy platform to our new generation platform, completing our company restructuring plan and developing new services – such as RCS, stated Textmunication CEO, Wais Asefi. While 2018 was a transitional year for us on many fronts, we can now focus on delivering RCS, opening new international markets and looking to acquire technology assets which will increase revenue opportunities and position Textmunication in the top-tier of mobile communication providers.
Text TXHD to shortcode 52236 to sign-up for news alerts and announcements via SMS.
About Textmunication Holdings, Inc.
Based in Silicon Valley, Textmunication Inc. is a leading mobile marketing solutions provider to more than a thousand clients across North America. An early adopter of next-generation text message protocol Rich Communication Services (RCS), the Company currently leverages its proprietary SMS software platform to deliver robust APIs and integrated solutions to a diverse range of end users including health and fitness facilities, beauty salons, sporting events, hospitality organizations, entertainment and digital marketing firms. Committed to ongoing innovation, Textmunication was recognized by CIO Review Magazine as one of the “Top 20 Most Promising Digital Marketing Solution Providers” of 2018. For more information: www.textmunication.com
Safe Harbor Provision:
Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect Textmunication Holdings current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in Textmunication Holdings filings with the Securities and Exchange Commission. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and any document referred to in this press release.
Highlights 10K Dec 2018
Revenues
For the year ended December 31, 2018, we earned revenues in the amount of $1,066,408, as compared with revenues of $943,739 for the year ended December 31, 2017. The increase in revenues for 2018 over 2017 is due to increase in partner relationships with companies reselling our services and increasing demands for text messaging marketing in our target markets.
Cost of Sales
Cost of sales was $314,638 and $317,336 for the years ended December 31, 2018 and 2017, respectively. Our cost of revenues slightly decreased for 2018 compared with the 2017 and our margins were more as a result of additional development resources in 2017. We expect a similar cost of revenues for 2019.
Our gross profit was $751,770 for the year ended December 31, 2018 or approximately 70% of revenues, as compared with $626,403 for the year ended September 30, 2017, or approximately 66% of revenue.
Operating Expenses
Our operating expenses were $1,058,498 for the year ended December 31, 2018, as compared with $7,175,163 for the year ended December 31, 2017. The main reason for our decreased operating expenses in 2017 was a result of stock-based compensation to our CEO, Wais Asefi.
The main reason for our decreased operating expenses in 2018 was a result of less spent on officer compensation and general and administrative expenses. In 2017, we expensed $6,000,000 as a result of stock-based compensation to our CEO, Wais Asefi. Other major operating expenses decreased was the cost of legal and professional expenses. We expensed approximately $370,000 stock based legal fees for filling of 3A10 exemption.
We expect that our operating expenses for the rest of 2019 will remain similar to that in the present year, provided that we do not have to issue stock for services. Given our lack of operating capital, we have been forced to issue shares for services rendered to the company. We hope that increased revenues will lessen that trend for 2019 and beyond.
Other Income and Expenses
We had net other income of $329,383 for the year ended December 31, 2018 and net other expenses of $1,098,734 for the same period ended December 31, 2017. Other income in 2018 consisted of $119,370 gain on settlement of derivative liabilities, and $255,339 gain on settlement of notes payables. Other expenses for 2018 consisted mainly of the amortization of debt discount of $42,534. In 2017 other expenses consisted of $850,753 in the loss on change of derivative liabilities change in fair value of derivative liabilities based on the Black-Scholes option pricing model, $188,549 in amortization of debt discount and $96,993 interest expense.
Net Income
We had a net income of $21,003 for the year ended December 31, 2018, as compared with net loss of $7,649,220 for the year ended December 31, 2017. The turnaround was mainly due to decrease in stock-based officer compensation in previous year.
Liquidity and Capital Resources
As of December 31, 2018, we had total current assets of $83,029. Our total current liabilities as of December 31, 2018 were $257,180. We had a working capital deficit of $174,151 as of December 31, 2018.
Cash flows from Operating Activities
Operating activities used $101,803 in cash the year ended December 31, 2018, as compared with $145,719 for the year ended December 31, 2017. Our loss
