2018 $TXHD Corporate Highlights
*GROWTH: White Label Agreements were completed with I-Texts Inc. and EZ Facility. I-Texts Inc.provides mobile advertising with access to over 40,000 nonprofits, foundations, corporations, education and healthcare institutions. EZFacility is a leading sports and fitness club management software (CMS) provider, delivering instant member notifications for EZFacility’s health clubs, personal training studios, sports facilities and recreation centers. The Company now has seven out of the top eight Club Management Software providers.
*TECHNOLOGY: Key technology advancements were announced including the Company has initiated the process of architecting its Artificial Intelligence (AI) layer for the Smart Automated Messaging (SAM) platform. In addition to AI, the Company announced it is integrating Rich Communication Services, or RCS, into the SAM platform creating a trifecta of technology – SMS, RCS and AI in one platform. The AI integration should be completed in early 2019 along with RCS.
*CAPITAL: To assist with strategic investment opportunities and investment execution the Company announced the addition of Thomas DiBenedetto and Joseph Griffin as investors and strategic advisors. Mr. DiBenedetto has over 40 years’ experience as an investment banker with Morgan Stanley & Co., Salomon Brothers, Inc. and Allen & Company. He is the founder and principal of two investment firms, Boston International Group and its affiliate, Junction Investors, Ltd. Mr. Griffin is a retired Wall Street executive with principal roles at Century Capital Associates and Renaissance Technologies, both premier investment advisory firms with billions under management.
COMMENTARY:
“We believe this transitional quarter will catalyze significant long-term growth specifically within the mobile marketing sector where we provide white label and integrated solutions to seven of the premier Club Management Software (CMS) providers in the country, and expect to add two more in Q4.” Mr. Asefi concluded, “We remain committed to scaling and evolving our technology offerings in support of our commitment to building long-term shareholder value.”
