STL Marketing Group, Inc. Issues Investor Update
Stl Marketing Group, Inc. (PC) (USOTC:STLK)
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Today : Tuesday 14 October 2014
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COLORADO SPRINGS, Colo., Oct. 14, 2014 /PRNewswire/ -- STL Marketing Group, Inc. (OTC: STLK) is issuing a brief investor update on its progress since its Shareholder Conference Call this past August. The Company has been working on various goals since its last update and has made progress on establishing new dealers for its new PhoneSuite Solutions business, as well as, its new Letter of Interest from the Export-Import Bank (Ex-Im Bank). This update is to report on key items discussed at that meeting.
"The last 60 days has seen steady work behind the scenes with regard to the PhoneSuite Solutions development. Some of this development has been to our internal office infrastructure, for example we have implemented SIP trunking and our Voiceware by PhoneSuite® VoIP PBX has been installed with a fully functional IVR. Our web page redeployment is close at hand and will more accurately reflect the corporate structure with separate sites for PhoneSuite Solutions and Energía Renovable Versant. Along with our existing IR efforts, we have also begun to implement a software application to help us better manage our Social Media and we hope to have ongoing updates through those channels on a consistent basis as a result. These developments are designed to help us handle the expected sales for the PhoneSuite brand of products, as well as help to keep our shareholders updated.
More importantly, from a revenue perspective, we have begun to establish the necessary dealers in various parts of the world, the first being Exodus for the UAE and Indian markets. We are working with dealers in other areas (e.g. Australia, Malta, Saipan, etc.) and expect to have more announcements on new dealers as we get dealer contracts in place. The dealer process does require a dealer agreement; this makes the process slow at the onset, but is more meaningful than a non-contracted "appointment" to distribute the line. Additionally, our outreach effort for new SMB business here in the USA, through Response Logic, began a little over a week ago, and is yielding good leads for the product. We are positive on the progress made thus far, and hope to report more positive progress in the months to follow.
As to energy, we are working on getting our status as per our last shareholder call. We have confirmed the delay on new projects as previously reported from various sources. Unfortunately, this area continues to be a slow process. We do hope to have a project status update before year-end. We have been working with the Export-Import Bank for a new Letter of Interest, as our last letter has expired. Ex-Im has undergone some reorganization and changed their internal process which have caused delays, but we feel confident we should get that important letter of support soon," said Jose P. Quiros, CEO of STL Marketing Group, Inc.
About STL Marketing Group, Inc./ Versant Corporation
STL Marketing Group, Inc. is a Colorado based company that sells, distributes and markets the PhoneSuite brand of VoIP telecommunications equipment (through its wholly owned subsidiary PhoneSuite Solutions, Inc.,), as well as, working on the development of renewable energy opportunities (through its wholly owned subsidiary Energia Renovable Versant SRL). 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.
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