Telecorp to Institute Stock Buy Back Plan for Company Expansion

BARRIE, ON / ACCESSWIRE / August 13, 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.

About Dev Datamedics:

Dev Datamedics & Software Pvt Ltd (dba NeT4gains) is an offshore web design, web development and search engine marketing company, providing valuable outsourcing services to clients worldwide. The Company has been in the industry for the last ten years, offering website design, web development, e-commerce solutions, CMS websites, search engine optimization (SEO), Google AdWords PPC campaigns and social media (Facebook pages, Twitter, Google+, LinkedIn profile) optimization services.

About Doozi:

Doozi is a privately held, digital media and mobile solutions company, with a core focus in the development of enterprise mobile applications on all major mobile platforms. With a total of 10 employees and affiliates, Doozi’s management team consists of young, entrepreneurial but experienced marketing, software development, and finance personnel, with over 15 years combined experience in all aspects of software development.

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.

For further information, please contact:

Vital Media, LLC
Jonathan Hall
President
(347) 880-5457
contact@vitalmediallc.com

Telecorp Inc.
Investor Relations
investors@telecorp.com
www.telecorp.com

SOURCE: Telecorp Inc.

ReleaseID: 431270