Telecorp Announces Completion of Hosting Acquisition

BARRIE, ON / ACCESSWIRE / November 2, 2015 / Telecorp, Inc. (OTC Markets: TLNUF) (“Telecorp” or the “Company”), a growing provider of software communications solutions, announced today that it has completed the acquisition of the Hosting Division of Dev Datamedics & Software Pvt Ltd (“Dev Datamedics”).

Headquartered in Chandigarh, India, Dev Datamedics owned and operated Host4gains as a separate divisions of the company. This division was not for sale until recently and after a visit to the office in India. The company looks after Domains and offers Hosting services to over 50 companies.

“We are excited to obtain the complete company including the hosting business and all the other services as it just made sense even though there are some logistic issues that we will need to overcome.” said Paul Phillips, President and CEO of Telecorp Inc.

With this added acquisition, the company will acquire a modest monthly income and extend the services to include Telecorp’s present servers. Telecorp will offer competitive monthly service fee of $9.99 a month and also offer package pricing on web/domain/hosting.

It is anticipated that monthly revenues will increase between $500.00 and $1,000 monthly starting in January 2016, generating a yearly revenue that should exceed $15,000 monthly after 12 months. This revenue will be reflected on Telecorp’s income statement and, with the expected additional cash flow, the Company intends to clear off approximately $225,000 in debt off its balance sheet.

The changeover is expected to occur on November 15th, whereby Dev Datamedics and hosting business will be completely integrated into Telecorp, and will complement the Company’s existing CRM business.

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: 433156