Extraordinary Profitability In Five Years of Operations is Expected To Be Generated
NEW YORK, NY - (ACCESSWIRE - October 24, 2013) - Telecorp, Inc. (OTC Markets: TLNUF), a leading developer of affordable, state-of-the-art Customer Relationship Management (CRM) and client contact software solutions is pleased to release its new 5-year financial projections for years 2014 through 2018.
Preliminary and conservative financial estimates indicate Telecorp will gross revenues of approximately (in U.S.) $2.9 million, $10.0 million, $20.6 million, $33.8 million and $49.4 million, respectively for its first 5 years of operation. These sales figures are based on direct mail, distributors' and representative sales, trade shows and magazines, and web sales, with an average gross profit margin of approximately 45%. Telecorp's planned range of Customer-Relationship-Management (CRM) software or, more commonly referred to as Software-as-a-Service (SaaS) includes 14 applications that address businesses' communication needs and message delivery.
The 2014-2018 estimates include at least 5 acquisitions by the end of 2014 and an increase in yearly income based on sales revenues beginning in 2014. These revenue estimates are preliminary and subject to adjustment, however, in the absence of material adjustment, these revenue streams outline the high profit margin for the operations.
The SaaS market is expected to grow steadily into the future. It is estimated that by 2015, Saas global revenues will have climbed as high as $27.94 billion up from $13.46 billion in 2011. (Statista, The Statistics Portal, Software-as-a-Service (Saas): Global Revenue Forecast 2010-2016).
"For weeks we have been fine-tuning and reviewing our revenue projections and projected operating profits and based on some leading factors, we are very comfortable that targets will be met as anticipated," said Paul Phillips, President and CEO of Telecorp Inc. "We can now release what we consider to be a good picture of how our CRM applications are expected to perform," he added.
Interested parties and investors are invited to check out Telecorp, Inc. at http://www.telecorp.com/ and the OTC Markets at http://www.otcmarkets.com/.
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.
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This release includes forward looking statements, which are based on certain assumptions and reflects management's current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
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.
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Source: Telecorp Inc.
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