PLEASANT HILL, CA, Jan. 31, 2019 (GLOBE NEWSWIRE) -- Textmunication Holdings, Inc. (OTCM: TXHD) (“Company”), a cloud-based communication technology holding company, announced today an update to shareholders regarding the progress of its strategic growth plan, highlighting its expanding revenue model and M&A initiatives.
Wais Asefi, Chief Executive Officer of Textmunication, stated, “We are pleased to begin the year well-positioned with an active M&A process and core revenue model driven by our SMS platform partnerships. We expect these two fundamental areas to drive exponential growth in the year ahead as we continue our commitment to achieving long-term shareholder value and our goal of a Nasdaq uplisting.”
The Company currently has three (3) M&A candidates under review that align with its focus on digital marketing, mobile marketing, CRM, software management and Point-of-Sale (POS) software. Management is working diligently with each to assess their respective values. Candidates are all revenue producing companies with innovative technology and market share, each selected for their potential to strengthen TXHD’s ongoing evolution into a communication technology holding company. As management continues to actively seek additional viable candidates, any such transactions that progress toward completion will be promptly announced to shareholders.
The Company currently derives its core revenue from eight (8) private label and full service partnerships with industry leading Club Management Software (CMS) companies. The consolidated revenue is expected to help navigate the Company through its growth strategy and avoid the need for negative impact financing, a focus for management as it remains focused on preserving the Company’s share structure for its planned move to a senior exchange.
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About Textmunication Holdings, Inc.
Based in Silicon Valley, Textmunication Inc. is a leading mobile marketing solutions provider to more than a thousand clients across North America. An early adopter of next-generation text message protocol Rich Communication Services (RCS), the Company currently leverages its proprietary SMS software platform to deliver robust APIs and integrated solutions to a diverse range of end users including health and fitness facilities, beauty salons, sporting events, hospitality organizations, entertainment and digital marketing firms. Committed to ongoing innovation, Textmunication was recognized by CIO Review Magazine as one of the “Top 20 Most Promising Digital Marketing Solution Providers” of 2018. For more information: www.textmunication.com
Safe Harbor Provision:
Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect Textmunication Holdings’ current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in Textmunication Holdings’ filings with the Securities and Exchange Commission. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and any document referred to in this press release.
Contact:
Wais Asefi, CEO
Textmunication Holdings, Inc.
(800) 677-7003
wais@textmunication.com