Telecorp Inc Announces New Business Model to Enhance its Net Stock Holders Equity
January 15th, 2014
New York, NY January 15, 2014 – Telecorp Inc. (OTC Markets: TLNUF) is pleased to announce that it has resolved to commence a look back audit with PCAOB Auditing Firm, Malone Bailey LLP. An engagement letter is expected to be secured within a short period of time. The engagement will call for Telecorp Inc to provide its current and past financial statements, to Malone Bailey LLP so that they can prepare the audited financial statements for the company. Telecorp Inc has been an OTC Market Current Tier Filer, filing its unaudited financial statements every quarter. In order to become and remain an SEC Filer, Telecorp Inc must complete a look back audit, and subsequently file audited financial statements every quarter.
Paul Phillips, CEO of Telecorp Inc, states, ” Filing audited financial statements is absolutely necessary to build investor confidence. It’s another act of transparency on the part of management to ensure that its financial records have been independently verified by a third party PCAOB Auditing Firm. The selection of Malone Bailey LLP as the company’s auditors is a first step in becoming an OTCQB company. Now, that we have a sound Business Development Plan, moving forward, we need to implement and act on the changes we have made. More clarity on the information we have already put out will be made available to stock holders as we implement our objectives.
To date, we have amended our articles to create convertible preferred, we are in the process of consolidating our affiliate & non affiliate debt, we are going to be filing with FINRA the stock dividend, we are implementing a plan to acquire other private companies, we are going to buy secured debt from non affiliates in other public companies to enhance our investment activities, and now we are going to audit our books. Our investors deserve to see the progress we will be making and they deserve to have it independently verified.
A Company Spokesperson, further added, “Domestic OTC Market companies should never remain OTC filers, unless they plan to become QX companies. Our objective is to become an SEC Filer, and in order to file a Form 10 with the SEC we need to get our financial statements audited. ”
Telecorp Inc.
Telecorp is a growing provider of communication solutions to many companies and industries including, automotive, real estate, financial, health, charities, and many more. Telecorp offers creative and software solutions for communicating with our client’s customers at levels never seen before. A total solution that is not only affordable, but indispensable for any business, no matter the size. Telecorp’s modules allow the best marketing tools, first rate sales acquisition systems, customer communication processes, drive greater profitability from every interaction and allow every user to reduce costs and increase productivity at every use.
The company’s integrated suite of customized solutions includes customer acquisition, customer care, automated voice services, emergency communications, conferencing, data management, webinars, customer and hardware support tools, e- mail, fax and text broadcast messaging, direct to voice mail messaging, customized voice messaging, text to speech systems, predictive and progressive dialing, contact management solutions and much more.
Telecorp Inc. was incorporated in Canada in 2009.
THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONTAIN OR CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF ANY OFFER TO BUY ANY SECURITIES REFERENCED HEREIN IN UNITED STATES, CANADA OR ELSEWHERE.
Safe Harbor Statement
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company’s ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company’s contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
About Forward-Looking Statements
Statements in this press release may be “forward-looking statements”. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict.
Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward- looking statement to reflect events or circumstances after the date of this release.
For further information, please contact:
Telecorp, Inc.
Investor Relations
investors@telecorp.com or German_IR@telecorp.com
Copyright © 2014 Telecorp Inc. All rights reserved
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