COLORADO SPRINGS, Colo., Aug. 11, 2015 /PRNewswire/ -- STL Marketing Group, Inc. (the "Company") (OTC: STLK) has signed a non-binding Letter of Intent with KINETOS ("KINETOS"), a developer of high end software products. Under the terms of the Letter of Intent, STLK would promote, distribute and sell KINETOS products in the United States, and other markets as agreed to over time.
"We are pleased to have executed this Letter of Intent with KINETOS. The companies are working diligently on the definitive agreement. KINETOS has developed a hybrid product suite that is high end and very intelligent. While there are challenges with new software applications, there is also great opportunity and we hope that this high end, high revenue product suite will be a success for the Company and for our partners," said Jose P. Quiros, the Chief Executive Officer of STL Marketing Group, Inc.
About STL Marketing Group, Inc./ Versant Corporation
Versant Corporation is a subsidiary of STL Marketing Group, Inc. and a Colorado based renewable energy company seeking to develop and operate renewable energy projects. Its first proposed stage of development is focused on wind energy facilities in Costa Rica. For more information on STLK, please visit our web site at www.stlkgroup.com or www.v3rsant.com.
Kinetos' core product is an automated real time communications system driven by a smart flow algorithm with enhanced CRM like functions that automatically assist the client Company's efforts to maintain a close intelligent relationship with the customer. This solution is both automated and scalable and includes push to text, email, call scheduling, mobile app push messages and full interaction etc. based on a Company's business and processes. Kinetos' smart flow follow-up system can be implemented in combination with the analytics product, integrated to other applications, or as a stand-alone. Kinetos also has some more "main stream" products ranging from Automated Campaign Managers, IVRs, Banking Call Logging, Contact Centers or Debt Collection Systems.
In addition to this core product, Kinetos has developed disruptive new software that integrates its existing products with a new world-class, cutting edge and powerful Big Data algorithm based on machine learning. This combined suite of product sorts through a Company's own metadata and predicts with very high accuracy, for instance, the cancellation of a service by an existing customer, and then takes proactive "intelligent" action through Kinetos' follow up system. Existing KINETOS' customers include large regional banks and government entities in Central America.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
SOURCE STL Marketing Group, Inc.