Telecorp Agrees To Amendment For Full Ownership Of Dev Datamedics Software Company

BARRIE, Ontario, March 9, 2015 /PRNewswire/ -- Telecorp, Inc. (OTC Markets: TLNUF) ("Telecorp" or the "Company"), a growing provider of software communications solutions, announced today, that the Company has addressed an alternative amendment to its formal bid to acquire full ownership in Chandigarh, India-based Dev Datamedics & Software Pvt Ltd ("Dev Datamedics"). Dev Datamedics is a web design, web development and search engine marketing company, with positive cash flow and clients located around the world; in India, Australia, UK, Dubai, Canada and the United States. Management stated that the 100% acquisition will be completed with a combination of cash, stock, positions in Telecorp and delayed payments, valued at approximately $100,000 for complete ownership of the India-based company.

Under the revised proposal, Telecorp will invest approximately $35,000 in capital, with the first payment immediately upon completion of its Due Diligence and the final payment will be within 3 months of ownership transfer, not in 6 months, as originally anticipated.

Telecorp will increase their present staff of 8 to about 12; including the hiring of an office manager, Google AdWords Technician and E-commerce Specialists. The Company will add up to three North American telephone lines to ensure that there is fluent worldwide communication within all offices. In addition, if Telecorp finalizes it's previously announced 51% acquisition bid for Toronto-based Doozi Entertainment Company Inc., their operations team will add 3 App developers for expanding the operations at Dev Datamedics.

Dev Datamedics will be renamed under the Telecorp corporate banner and Telecorp's Management is planning to make a number of core changes. Dev Datamedics' branding website NeT4gains (www.NeT4gains.com), will still operate as it currently does, however, at this time, Management is considering merging it with Telecorp's Bytexit product (http://www.bytexit.com/), which has been recently acquired. Between these two entities, Telecorp will complete development of Bytexit and provide a number of new, disruptive and unique tools. The core business of Dev Datamedics will be to work on web site development for Telecorp's products, Telecorp's Web clients, hosting, Bytexit services and Doozi app development.

Telecorp has a number of major distributers ready to sell the Company's high impact web sites.  While Dev Datamedics is small company revenue-wise, it provides Telecorp a development platform with cost effective staffing. It is anticipated that after the Company completes the acquisition of Dev Datamedics, Telecorp will produce an increase in its profits per month, after only three months. Profits are expected to exceed $50,000 monthly, by year end.

The Company plans to announce partners with Sales and Distribution channels within 60 days.

"Everyone is very excited that we are taking these steps to cement Telecorp as a successful entity," stated Paul Phillips, President and CEO of Telecorp. "Also to prevent any further dilution and to concentrate on growing our Company, we are seeking capital that is non-toxic; as well as funding partners and communications specialists that are long term supporters of Telecorp. We're almost there… We're excited to share our progress with our shareholders and the investment community, as terms further materialize."

The final acquisition agreement with Dev Datamedics is anticipated to happen within two weeks, Telecorp still expects to complete the first transaction after its on-site due diligence process within our first fiscal quarter.

About Telecorp

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.

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.

www.telecorp.com 

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SOURCE Telecorp, Inc.

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