NEW YORK, March 14, 2018 /PRNewswire/ --
Telecorp, Inc. (OTC Markets: TLNUF) ("Telecorp" or the "Company") is an emerging investment company that is centered around investments in hard assets, financial services, technology, product and distribution, and management consultancy. The signing of the Memorandum of Understanding of the "New Living" project begins the enhanced strategy of TLNUF to acquire companies and assets that meet one of 3 main qualities: they must be progressive and established in the global marketplace, they are built upon innovative ideas and backed with real asset value, or they must be able to scale both quickly and profitably.
The central focus of the enhanced strategy is in "Helping investors achieve success through synergistic innovation, technology, and expert leadership."
Jason Cataldo, CEO of TLNUF, said: "We are very pleased with how we have been able to make great strides in creating a profitable company. The new enhanced strategy and investments into projects that have hard asset value, is quickly creating a robust and actively growing company."
The Company has continued to add valuable team members to help push TLNUF forward. Because of the growing team, and individual expertise, the Company has been presented with a lot of quality opportunities that have incredible asset value to consider in the weeks and months ahead.
Recently, the Company signed a Memorandum of Understanding to begin development of the "New Living" project. Positioned in one of the fastest growing areas of Europe, the "New Living" project enables TLNUF to enhance its portfolio with hard asset support. Valued at $8.5 million dollars, the "New Living" project helps to bring greater value to the Company, and in turn potentially create a profitable vehicle for investors.
To better represent the vision and enhanced strategy of the Company, TLNUF has announced today that it is has been taking significant leaps forward in changing its business structure to better implement the enhanced strategy. The Company has also began the process to change its current ticker symbol (OTC: TLNUF) in favor of a symbol that better reflects its core values. This change is pending approval and will be updated further as approval process develops.
Mr. Cataldo, CEO, also commented, "We're very excited about all of the new developments and changes that are happening. We understand that during this time of new endeavors, and business changes that transparency and clarity are required. We pledge to inform our investors of each new development.
We are humbled by the incredible support of our shareholders, and we are looking forward to sharing additional news in the weeks and months ahead."
About Telecorp Inc.
Telecorp, Inc. is a North American emerging technology company headquartered in New York, New York, with operations in over six countries. The company was formally incorporated on April 13, 2009 in the Province of Ontario, Canada.
Since 2016, Telecorp has shifted its business focus and strategy to pursue acquisitions in Hard Assets, Financial Services, Technology, Product/Distribution and Management Consultancy. As a part of this business transition, The Company began screening a number of potential acquisitions that would broaden services, products and talent into the Company.
Companies that will be considered for acquisition are required to have one of 3 main qualities: they must be progressive and established in the global marketplace, they are built upon innovative ideas and backed with real asset value, or they must be able to scale both quickly and profitably.
Telecorp's planned investments are in the categories of hard assets including commercial real estate, hard asset trading and gold and silver exchanges, production and distribution with advertising, ad-tec optimization, fashion production and product, fashion analytics and sales, artist and event management, technology focused in financial technology, trade predictive software, artificial intelligence, blockchain technology and bio-technology, financial services centered in credit unions, asset management, and private and public investment interfaces, among others.
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.