Las Vegas, NV, April 19, 2018 (GLOBE NEWSWIRE) -- DLT Resolution Inc. (OTC: DLTI), a Distributed Ledger Technology (“Blockchain”) and Information Technology company that services the healthcare and telecommunications industries, is pleased to announce the acquisition of the operating assets of 1922861Ontario Inc., o/a Resolution Telecom.
About Resolution Telecom
Resolution Telecom has been providing a wide range of innovative solutions that are reliable, scalable and flexible to hundreds of Canadian businesses for more than two decades. The Company’s infrastructure solutions are delivered as a monthly service with substantial flexibility in the packaging and the delivery to ensure the solution is one that best meets each business’s needs.
At the core of its offerings, Resolution Telecom Hosted PBX provides customers with cloud-based technology and infrastructure for IP voice communications at a significant savings over on premise solutions. Customers have the flexibility to utilize all the features such as voicemail to email, email transcription, call recording, CRM integration, remote workers, and mobile user apps without the capital expenditure of a traditional legacy system. By offering a truly supported hosted PBX platform, customers no longer require the expense of technicians making programming changes or deploying on site hardware.
Expansive Voice Portfolio - Traditional and Hosted IP
The Company’s feature-rich Hosted PBX platform eliminates the cost and complexity of owning and maintaining a traditional premise-based system.
Hosted PBX is an advanced, fully hosted, and managed service that is continually upgraded to support market leading business productivity features for all customers.
Commenting on the acquisition, DLT Resolution’s CEO John Wilkes stated, “This acquisition will further enhance our offerings to businesses and organizations throughout Canada and the USA.” Stating further, “Our cloud communication services are designed to right-size with each business, allowing organizations to instantly adapt to the cycles of growth, saving valuable capital for our clients and this acquisition further strengthens this offer and commitment.”
The operating assets will be merged into the Company’s Canadian subsidiary, DLT Resolution Corp.
The acquisition was made with consideration of CAD $19,200.00 in cash and 500,000 restricted common shares of DLT Resolution Inc. on closing. An additional 500,000 shares will be issued upon the acquired base generating CAD $35,000 in monthly sales for DLT Resolution for 3 consecutive months with a 10% pre-tax profit. And an additional 500,000 shares will be issued upon the acquired base generating CAD $500,000 in cumulated gross sales with a 10% pre-tax profit.
There are 24 months to achieve these milestones. There is full acceleration to allow for full vesting as quickly as the cumulative sales milestones are reached. Share issuances will be issued under reliance of appropriate exemptions from registration with the Securities & Exchange Commission and will contain substantial resale restrictions.
To learn more about or to start saving money today on your company’s telecom services visit: www.Resolutiontele.com.
Management looks forward to updating its shareholders in coming news releases and filings.
About DLT Resolution Inc.
DLT Resolution Inc. provides Distributed Ledger Technology (“Blockchain”) and voice and data service management in Canada and the USA. Through its online portal RecordsBank.org, the company operates a HIPPA compliant health information exchange. The RecordsBank platform serves patients, Doctors, Insurers, and other third party's that request medical records in the United States and Canada. The exchange securely retrieves, stores and transfers medical records upon request. The Company also provides secure telecom and data services in Canada and the USA. Its clients represent some of the top businesses from a variety of sectors. These services are focused on document imaging, VoIP, virtual PBX, telemarketing, data entry, document management and all other back-end functions. DLT Resolution helps organizations that have invoices, ledgers, statements, applications, surveys, employee and customer rewards programs and a wide range of other non-core functions benefit from data management.
Learn more about DLT Resolution and its operating divisions at:
DLT Resolution: www.DLTResolution.com
Resolution Telecom: www.ResolutionTele.com
A.J.D Data Services: www.ajddataservices.com
RecordsBank: www.RecordsBank.org
Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K, Form 10-Q’s, 8K’s and other periodic reporting as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement.