BARRIE, ON / ACCESSWIRE / June 18, 2015 / Paul Phillips, Founder and Chief Executive Officer of Telecorp, Inc. (OTC Markets: TLNUF) (“Telecorp” or the “Company”), issued a Letter to Shareholders in response to recent concerns regarding shareholder value and confidence.
In his letter, Mr. Phillips updates investors on the progress associated with the Company’s continued acquisition efforts, re-addresses dilution and split concerns, and discusses more efficient methods of communication.
The complete content of the letter is as follows:
To the Shareholders of Telecorp Inc.:
Given the outcome of dated and recent events, it is evident to management that our shareholders’ confidence, which once included an abundance of enthusiasm, has been tangled with discouragement. As such, I would like to invite shareholders back to their previous state of optimism. Because this transition is easier said than done, please allow me to provide more transparency in regards to our intentions; accompanied by a better understanding of the success that has taken place as a result of our actions.
First and foremost, I would like to re-address dilution and reverse split concerns. As I stated on April 7th, 2015, Telecorp obtained financing in the past that provided us an opportunity to make future acquisitions. Although we were unaware of the financing’s toxic nature, we continue to feel that our decision was ultimately better than other alternatives, such as allowing Telecorp to remain static. Given the difficulty of all possible choices, we played the hand that we were dealt to the best of our ability. As a result, our next destination seems as though it will lead to a healthy amount of revenue in the near future. This will allow us to settle aged debt and persistently avoid similar issues beyond the horizon. Additionally, the companies that we intend to acquire can provide a more cost-effective method of developing Telecorp’s software. These benefits will enable Telecorp to become less dependent on financing and outsourcing, as we progress through the final stages of software development. In the event that our SaaS is completed, Telecorp would subsequently find itself facing another occasion to generate larger revenue. Now that new windows of opportunity have opened, which can allow the company to thrive, I believe that shareholders have much to look forward to.
In regards to further dilution or excessive selling in the market, I am unable to provide anyone with a definitive forecast. However, a mutual agreement has concluded, with intentions to remove debt from an individual who we believe was the main source of heavy liquidation. With that being said, I would like to remind everyone that management does not and cannot control what occurs in the market. We have been working diligently to avoid and eliminate certain factors that jeopardize the future satisfaction of our shareholders. By mentioning these precautious measures, I am not insinuating that the current market conditions will improve or that they will not worsen. Rather, I am expressing my best effort to minimize, what I consider to be, possible threats to the well-being of Telecorp and its shareholders.
Although it cannot be guaranteed, I still do not intend to perform a reverse split and management has been working persistently to prevent that from happening. The only case in which a reverse split will be considered, is in the event that the ask price drops to 0.0001 without signs of any possible recovery. Until we are able to display more value to the investing public through our intended acquisitions, it is predominantly important for shareholders to begin restoring their confidence in Telecorp’s future and retain their composure.
We have also received concerns regarding the legitimacy of nearly-acquired, Dev Datamedics, due to their geographical location. As stated in the previous press release, I have personally traveled to Chandigarh, India, in order to conduct a thorough on-site inspection of Dev Datamedics prior to making the final payments on the acquisition. This will ensure that if and when we move forward with the acquisition, it will be beneficial for Telecorp.
On another note, if you have recently visited our website or company profile on otcmarkets.com, you will notice that Vital Media, LLC is now listed as Telecorp’s primary investor relations provider. Please refer all investment-related questions to the team at Vital Media, as our contract with Heritage Corporate Services has been dissolved.
As mentioned in mid-March, we are extremely keen on shareholder communication, thus the launch of our investor center. This has proved to be an effective method for our shareholders and prospective shareholders to communicate with our investor relations team, perform due diligence and receive our latest news. It seems that a number of shareholders are still unaware of our investor center, leading me to believe that many of you are ill-informed, or unaware of where to find updates. I encourage everyone to take a moment to familiarize yourselves with the investor site, located at www.telecorpir.com. If you have not signed up to receive our news, updates and announcements, I strongly suggest that shareholders take advantage of this feature, as it will allow you to stay well-informed.
Alternatively, always feel free to contact our investor relations team on social media. I understand that not everyone uses social media as a means of communication. For those who do, it is an equally efficient source for finding information and voicing your questions or concerns. If you are unsure of where to find us, please refer to the following list of our social networks:
Twitter: http://bit.ly/1F97hSf
LinkedIn: http://linkd.in/1IzzUfr
YouTube: http://bit.ly/1HirZ5Q
Facebook: http://on.fb.me/1QLbXms
Instagram: http://bit.ly/1AYmPEs
StockTwits: http://bit.ly/1ICKSPO
SlideShare: http://bit.ly/1EHamWB
Google Plus: http://bit.ly/1EGydFF
Let me close by conveying my gratitude to the shareholders of Telecorp Inc. We are continuing to make progress in many aspects. Although there is still much to be accomplished, we have the ambition, experience and creativity to continue moving forward with an optimistic mindset. I am more than confident in my ability to navigate Telecorp to a successful destination. Everyone’s hard work and dedication to this company has led us within reach of achieving tangible results. Therefore, all I can ask of anyone is to remain positive, continue to have patience and recognize the tremendous effort that we are putting forth to accomplish greatness.
Sincerely,
Paul Phillips
Founder and Chief Executive Officer
About Telecorp Inc.
Telecorp is an emerging provider of communication solutions to an array of companies and industries including, automotive, real estate, financial, health, charities, and many more. Telecorp offers creative software solutions for communicating with customers at levels never seen before. A total solution that is not only affordable, but indispensable for any business, no matter the size. Telecorp’s modules allow the best marketing tools, first rate sales acquisition systems, customer communication processes, and drive greater profitability from every interaction, allowing every user to reduce costs and increase productivity at every use.
The Company’s integrated suite of customized solutions includes, but is not limited to: customer acquisition, customer care, automated voice services, emergency communications, conferencing, data management, webinars, customer and hardware support tools, e-mail, fax and text broadcast messaging, direct to voice mail messaging, customized voice messaging, text to speech systems, predictive and progressive dialing, contact management solutions and much more.
Telecorp Inc. was incorporated in Canada in 2009.
Safe Harbor Statement
Except for historic information contained in this release, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company’s actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company’s ability to attract qualified management, raise sufficient capital to execute its business plan, and effectively compete against similar companies.
Public and Investor Relations Contacts:
Vital Media, LLC
Jonathan Hall
(347) 880 – 5457
contact@vitalmediallc.com
Telecorp Inc.
investors@telecorp.com
info@telecorpir.com
www.telecorp.com
www.telecorpir.com
SOURCE: Telecorp Inc.
ReleaseID: 429923
