PLEASANT HILL, CA / ACCESSWIRE / September 22, 2016 / Wais Asefi, Chief Executive Officer of Textmunication, Inc. (TXHD) ("Textmunication" or the "Company", issued the following letter today to the shareholders of Textmunication:
Dear Shareholders:
I am pleased to provide this update. We are extremely excited about our position in the SMS Mobile Marketing space. Studies have shown SMS Mobile Marketing is the most effective medium for targeted consumer communication. We have accomplished several goals this past quarter:
- Signed exclusive SMS arrangement with CORAnet Solutions and have entered the Healthcare sector with a leading Patient Health Record (PHR) firm who is integrated with Allscripts, the world's largest Electronic Health Records (EHR) company. CORAnet Solutions has plans to scale its service to more than 10M subscribers in the next 18 months. They will be sending SMS notifications as part of their platform in the U.S. and abroad. Upwards of 30 million SMS could be sent monthly once the platform reaches peak performance.
- Executing a scalable plan to the premier Club Management Software (CMS) companies for conversion to our SMS solution. ABC Financial, the largest CMS company, announced an exclusive partnership with Textmunication and will now begin promoting our solution to its large customer base.
- We are targeting several companies for merger and acquisition. In addition to our organic sales growth, we are seeking Quick Service Restaurants (QSR), SMS competitors and an innovative Healthcare firm as potential targets. Our goal is to find synergistic companies who are also large users of SMS.
- Aspire Consulting Group, which is minority-owned by Textmunication, has signed strategic Teaming Agreements with respected companies in the federal and commercial sectors. New awards are imminent based on these relationships.
The company has made several moves in recent months to improve our financial position. We recently settled debt from several note holders and had 59 million shares returned to the Treasury. This transaction was outlined in a recent 8-K. We have also eliminated several convertible notes this quarter. Our goal is to have all convertible notes paid off by early Q4.
We will continue to separate ourselves from the competition through innovation of our software and scalability of our platform. Textmunication has the only automated SMS solution for the Health and Fitness industry. Last week in Baltimore, we displayed our solution to more than 100 CIOs and CTOs at a technology summit. We plan on capturing the market share of more than 35,000 gyms in the U.S. with our unique and scalable service.
I'm grateful for your continued support and I look forward to our next communication.
Best Regards,
Wais Asefi
Chief Executive Officer
Textmunication, Inc.
