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News Out 1/18/17: Telecorp Announces New Management Team and Direction

Jan 18, 2017 09:28:00 (ET)

Company Announces Leadership Change, New Direction and Expansion of its Business


NEW YORK, January 18, 2017 /PRNewswire/ --

Telecorp, Inc. (OTC Markets: TLNUF) ("Telecorp" or the "Company") is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology, and operations. The new management team of Telecorp is pleased to announce the exciting new direction and business expansion of the Company's vision and future development.

Telecorp's new leadership team is structured to fully capitalize on the combined expertise of its new officers and directors, which comprise of Mr. Jason Cataldo, President, CEO, and Director, Dr. Eduard Nazmie, Director, and Ms. Darla Gullons, Administrative Officer.

Management and Leadership Team

Mr. Jason Cataldo has over 20+ years of senior management experience. He has previously held management positions at AMC Group, JAC Group and CPG Financial. Mr. Cataldo has extensive experience in e-commerce, healthcare, finance, and mergers and acquisitions. Mr. Cataldo focused on Marketing and Business Management at Montclair State University.

Eduard Nazmie, PhD. currently holds the position of Associate Professor and Head of Economics Laboratory and Management of Academy of Sciences as well as Deputy Chief Editor of the Scientific Journal for Regional Economics. Dr. Nazmie's expertise includes development of socio-economic programs, development of investment programs and intellectual property, and has organized management structures, manufacturing and operational systems.

Ms. Darla Gullons founded and has been President of the investment firm Gullons Investments Ltd., since 1994. Previously, she spent over 15 years as an Executive Administrator working with Managing Directors and Presidents at Marsh & McClennan Insurance Brokers, Price Waterhouse Coopers and Sprung Structures International.

New Direction and Expansion of Business

The Company has actively begun to pursue an exciting new direction to improve shareholder value and to provide a base for acquisitions. Part of this process has included a reverse split which decreased total shares by way of a 1:5000 split on October 14(th) 2016. This has created an optimal atmosphere in providing potential long term growth for the Company.

Careful consideration, planning and organization over the last few months have been expended toward expansion of Telecorp's business and development and/or procurement of new and innovative companies. The 3 main focuses have been on i) the acquisition and further development of companies that are bold and established in the digital marketplace, ii) companies that are built upon innovative or disruptive technology, and iii) companies that are able to scale both quickly and profitably.

Mr. Cataldo, the new President and CEO of Telecorp, stated, "We are now beginning to see the return of a well-established and forward thinking plan for Telecorp. Over the last few months we have been working behind the scenes to build a strong foundation. I am excited to be a part of this leadership team, and having the support of the board to take this company in this new direction."

The Board thanks the Company's shareholders for their patience as they continue to build on strategies that will provide better value for its stockholders. The Board continues to have complete confidence that these new exciting steps will solidify profits for the Company and enhance support from investors and shareholders.

About Telecorp Inc.

Telecorp, Inc. is a North American emerging technology company headquartered in New York, NY, with operations in over six countries. The company was formally incorporated on April 13, 2009 in the Province of Ontario, Canada.

Telecorp has developed an expansive and diverse network of companies that have a large portfolio of software products and services, providing high level solutions and branding for businesses worldwide. These solutions and services include branding awareness campaigns, website design and development, complete video recording and production, cloud solutions and software-as-a-service (SaaS), electronic message delivery and integrations, data storage, analytics and data recovery.

In early 2016, under new management, Telecorp shifted its business focus and strategy to begin pursuing acquisitions in higher-value, digital technologies in proven markets. As a part of this business transition, the Company initiated a strategy to acquire and develop a variety of businesses to broaden services, products and talent into the Company.

Companies that will be considered for acquisition are required to have 3 main qualities: they must be progressive and established in the digital marketplace, they are built upon innovative or disruptive technology and, they also must be able to scale both quickly and profitably.

Telecorp's planned offerings are in the categories of digital video and animation production, e-health communications, media entertainment, e-travel services, hi-tech manufacturing, mobile-optimized product solutions, technology consulting and social analytics, data and design including CRM and ERP implementation and customization, e-magazine editorials and campaigns, and end-to-end solutions for hard asset portfolio management, 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.

For further information, please contact:

Telecorp Inc.

Investor Relations E:[e-mail]

T: [phone]

W: http://www.telecorpdigital.com

SOURCE Telecorp, Inc.


(END) Dow Jones Newswires

January 18, 2017 09:28 ET (14:28 GMT)