ORO VALLEY, Ariz., March 20, 2017 (GLOBE NEWSWIRE) -- Tautachrome, Inc. (OTCQB:TTCM) today updated its fundraising activities and its ongoing discussions with a Fortune 50 company.
In accordance with Tautachrome’s policy of keeping its investors informed and up to the minute, in this release we highlight our upcoming activities aimed at generating substantial funding for the rollout of the Company’s flagship KlickZie technology.
This week we are meeting with an individual who is highly influential in Silicon Valley for the purpose of guidance and potential participation in Silicon-Valley-sourced funding from venture capital firms and from potential KlickZie end users among the smartphone corporations in phone manufacturing, chip making and service provision.
Simultaneously we continue our work this week with the first Fortune 50 company (F50-1) with whom we began working early this quarter on a concept to implement KlickZie trusted imaging end-to-end in this giant corporation.
In addition, last week we began to seek a major news outlet that would wish to be first in the implementation of KlickZie technology to create an unbeatable trusted news gathering capability. A news outlet licensing KlickZie can use KlickZie to provide live trustable feeds from any KlickZie-equipped smartphone. This means that the network could have thousands perhaps millions of potential trusted news gatherers all over the world able to stream live trusted imagery on any event happening anywhere, via the KlickZie cloud right into the studio. We believe the first news outlet to implement KlickZie technology will have a significant advantage over competitors by becoming the network known as broadcasting “truth as it happens.” Fake news will take a beating when it can no longer be supported by fake pictures and videos.
With respect to other work, we announced several weeks ago our discussions with a venture company and a well-regarded investment banking company, regarding their proposal to make bank-funded acquisitions of highly profitable private tech companies in the 20 to 30 million-dollar revenue range, with the goal of up-listing Tautachrome to the NASDAQ in the short term. We have determined to wait on that activity for the following reason. A single acquisition of that size could only work to create a quick up-listing to the NASDAQ if accompanied with a reverse split, which the Company will not do. And multiple acquisitions, which would avoid such a split would take a considerable amount of time and is fraught with risks of its own. Given the progress we are making on all other fronts, we have determined to shelve that project for the time being.
We work seven days a week to keep the Company moving in the right direction creating great opportunities for our shareholders and the world. We believe that with just one highly significant deal with the right entity, everything we envision for Tautachrome will rapidly take place. It is just a matter of time until the right deal is in place.
One last thing: Tautachrome’s infrastructure is growing. Starting today, Investor Relations is being performed in house: David LaMountain, Investor@tautachrome.com.
About Tautachrome, Inc.
Tautachrome, Inc. (OTCQB:TTCM) is an emerging growth company in the developing digital imagery technology sector. Tautachrome has revolutionary smartphone-image authentication allowed patent claims and breakthrough patents pending, including Talk-to-the-Picture social networking and trustable imagery-based interaction.
Forward-Looking Statements: Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this paragraph and the risks and other factors detailed in Tautachrome's reports filed with the Securities and Exchange Commission. Tautachrome undertakes no duty to update these forward-looking statements.