Textmunication Holdings, Inc. Increases Q1 Revenue by 259%
PLEASANT HILL, Calif., May 16, 2017 /PRNewswire/ -- Textmunication Holdings, Inc. (OTC-PINK: TXHD), a cloud-based mobile SMS marketing platform provider, filed its 2017 1st Quarter report on May 15, 2017. Textmunication reported a 259% revenue increase from $88,410 in Q1 2016 to $228,750 in Q1 2017. Gross profit rose from $70,734 in Q1 2016 compared to $155,341 in Q1 2017 – a 220% increase.
The rise in Textmunication's revenue is attributable to an increased client base, new exclusive partnerships and a recently launched SMS White Label program to the fitness and salon verticals. Several new sales initiatives are planned for the remainder of 2017 allowing current and new customers access to Textmunication's GEN 3 software platform scheduled for a late Q2 release. The new platform can send more than 1B texts per month offering clients more functionality and flexibility. It will provide faster API development and open doors to new verticals. The GEN 3 platform will be one of the most scalable SMS platforms in the industry.
"After a strong revenue increase in our recent 10K report, we are thrilled to see our sales momentum carry into 2017", stated Textmunication CEO, Wais Asefi. We are building our software infrastructure to handle the influx of new business and positioning ourselves to be a Tier One SMS provider for years to come."
Communication analysts expect the SMS market to grow from $55B in 2017 to more than $71B by 2021. Mobile marketing is a non-intrusive method of direct communication with a 97% read-rate versus 18% for email marketing.
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About Textmunication Holdings, Inc.
Textmunication is an online mobile marketing platform service provider that helps health clubs, martial arts studios, salons and healthcare firms communicate with their members by allowing them to build loyalty, engage member retention, and create new business through a non-intrusive, value added medium. Textmunication connects members to the content they desire through any mobile device for health clubs and salon events, as well as promotions. Clients can send the most up-to-date offers, discounts, member alerts, events, PT schedules, or any other personalized campaign. www.textmunication.com
Safe Harbor Provision:
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect Textmunication Holdings' current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in Textmunication Holdings' filings with the Securities and Exchange Commission. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and any document referred to in this press release.
Contact:
Wais Asefi,
Textmunication
(800) 677-7003
[email protected]
SOURCE Textmunication Holdings, Inc.
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