Telecorp Announces Business Outlook for Remainder of Its Fiscal Year

BARRIE, ON / ACCESSWIRE / September 29, 2015 / Telecorp, Inc. (OTC Markets: TLNUF) (“Telecorp” or the “Company”), a growing provider of software communications solutions, is pleased to give a corporate update and business outlook for its upcoming third and fourth quarters.

Telecorp is in the midst of a breakthrough that began in early spring. This turnaround is being fueled by a number of factors, among them is Management’s clear strategy on building upon its acquisition approach to generate revenue for the Company. OnMarch 8th, the Company formally signed the necessary paperwork to acquire Chandigarh-headquartered IT development and search engine marketing company, Dev Datamedics & Software Pvt Ltd (“Dev Datamedics”). With the financial audits of Dev Datamedics now completed, the final closing is expected to be concluded this upcoming week. Dev Datamedics provides state-of-the-art custom web design, web development and search engine optimization to clients worldwide and with this acquisition, approximately $20,000 to $40,000 in monthly revenues is estimated to be reflected on Telecorp’s income statement.

With the expected cash flow from the acquired business, Telecorp intends to use the cash to pay off approximately $225,000 in debt. Telecorp continues to attract strong investment and funding interest and is presently working to secure non-toxic funding to close other acquisitions.

“We are now in serious negotiations for significant investments to purchase up to three (3) more companies,” stated Paul Phillips, CEO of Telecorp Inc. “With that we anticipate that we can also generate meaningful revenues that can spearhead aggressive development of all of Telecorp’s products.”

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 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: 432298