COLORADO SPRINGS, Colo., Nov. 5, 2015 /PRNewswire/ -- STL Marketing Group, Inc. (the "Company") (OTC: STLK) has signed a binding Letter of Intent with Camposagrado, Inc. ("Camposagrado"), the inventor of a hotel communications systems application or "App" under the trademark "F3TCH". Camposagrado has filed for patent on this technology with the US Patent & Trademark Office, U.S. Pat. Application No. 14/877,595. Under the terms of the binding Letter of Intent, STLK will license, on an exclusive basis, Camposagrado's App to the hospitality industry worldwide.
"We are pleased to have executed this binding Letter of Intent with Camposagrado, Inc. The companies have set a date to have a definitive agreement reached by mid December 2015. We strongly believe this is a powerful Application with sizeable revenue potential," 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 company initially founded to develop and operate renewable energy projects. It has expanded into the distribution and sales of technology based products and services such as the PhoneSuite brand of IP/ Cloud based hotel PBX systems and is working with other software companies to commercialize, sell and market Software as a Service (SaaS) products. For more information on STLK, please visit our web site at www.STLmarketingGroup.com or www.v3rsant.com.
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.