Telecorp Addresses Dilution and Split Concerns
BARRIE, Ontario, April 7, 2015 /PRNewswire/ -- Telecorp, Inc. (OTC PINK: TLNUF) ("Telecorp" or the "Company"), a growing provider of software communications solutions, announced today that the Company is addressing shareholder concerns regarding dilution and questions arising about a reverse split. In an interview conducted by TheStockTalk, Mr. Phillips, Telecorp's CEO, addressed many topics, including an overview of Telecorp, information in regards to on-going acquisitions and the future of the Company.
"Unfortunately, due to our short interview time, we were unable to discuss a number of topics, including dilution and reverse split concerns," stated Paul Phillips. "I would like to make one thing perfectly clear… we have absolutely no intention of doing a reverse split. We are more than confident that a combination of the execution of our business plan, as well as further acquisitions, will bring our value back to the level and investor return that we merit ."
Phillips continued, "Shareholder confidence is our number one priority. While we continue to position many acquisition deals in the background, the last thing we want is for our shareholders to feel neglected. The issue of dilution is something we have never tried to hide, but simply something we have been trying to fix for quite some time. In order to fulfill our acquisition goals, financing was provided which we later learned was not in our best interests. We're working diligently on settling past notes and procuring future capital that has non-toxic attributes to our capital structure."
Management indicated that the Company is on-pace for acquisition targets and will be providing additional positive news to shareholders shortly.
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, and 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.
SOURCE Telecorp, Inc.
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