Telecorp Makes Bid for Full Ownership of Dev Datamedics Software Company

BARRIE, Ontario, March 3, 2015 /PRNewswire/ -- Telecorp, Inc. (OTC Markets: TLNUF) ("Telecorp" or the "Company"), a growing provider of software communications solutions, announced today, that the Company has made a formal bid to acquire a 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 differed payments, valued at approximately $100,000 for complete ownership of the India-based company.

Under the proposal, Telecorp will invest approximately $35,000 in capital. This will increase their staff of 8; including the hiring of an office manager, Google AdWords Technician and E-commerce Specialists. In addition, if Telecorp finalizes its previously announced 51% acquisition bid for Toronto-based Doozi Entertainment Company Inc., their operations team will add 3 App developers for expanding the operations of Dev Datamedics.

Dev Datamedics will be renamed under the Telecorp corporate banner and Management is planning to make a number of influential 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 was 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 Doozi and Telecorp's products.

Telecorp has a number of major distributers ready to sell the Company's high impact web sites. It is anticipated that after the Company completes the acquisition of Dev Datamedics, Telecorp will produce an increase in its profits per month, after three months. Profits are expected to exceed $50,000 monthly, by year end.

"This purchase will give us the opportunity to operate a great business, with excellent margins and we will be able to kick start the development of Bytexit," stated Paul Phillips, President and CEO of Telecorp. "We already have 2 major distributors that represent over 70,000 businesses that will begin selling to new clients in late spring of 2015."

Pending the negotiation of a definitive acquisition agreement, Telecorp expects to complete this transaction within this first fiscal quarter.

About Dev Datamedics:
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.

www.telecorp.com

 

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SOURCE Telecorp, Inc.

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