Textmunication Holdings Inc.
Under the Symbol:
Textmunication Holdings, Inc. Announces Shareholder Update
Monday, November 21, 2016 2:44 PM
PLEASANT HILL, CA / ACCESSWIRE / November 21, 2016 / Wais Asefi, Chief Executive Officer of Textmunication, Inc. (OTC PINK:TXHD) ("Textmunication" or the "Company"), issued the following letter today to the shareholders of Textmunication:
I am pleased to provide this update. We are extremely excited about our position in the SMS Mobile Marketing space and our goal to grow revenue organically and through acquisition. We have accomplished several goals this past quarter:
-We have made a strategic decision to invest in Quick Service Restaurants (QSR). These QSRs will provide immediate revenue and profits while complimenting our SMS solution. Once acquired, the QSRs will utilize the Textmunication SMS offering. We have plans to aggressively grow our QSR portfolio in 2017 and beyond. The company will be divided into two divisions: QSR and SMS. We have access to premier QSRs through our partnership with a leading commercial brokerage firm. This partnership allows us to add specific QSR holdings achieving our strategy of increased revenue and profitability. I will announce details of the transactions as they are finalized. This is a big step forward for the growth of our company.
The company has made several moves in recent months improving our financial position. Two notes were recently eliminated. Textmunication has positioned itself in a positive financial structure going forward. We recently announced a 14-C filing to request raising our Authorized Shares to acquire new companies as I previously outlined. Our recent 10-Q stated a 62% increase in revenues versus the same period last year. I'm confident in our operational plan going forward and look forward to adding new companies to our holding structure. We have upgraded our technology platform, added quality personnel and addressed convertible notes this past quarter. We have momentum heading into 2017.
- We continue moving forward on our exclusive SMS arrangement with CORAnet Solutions. They are a leading Patient Health Record (PHR) firm who is integrated with Allscripts, the world's largest Electronic Health Records (EHR) company. CORAnet Solutions has plans to scale its service to more than 10M subscribers in the next 18 months. We will bring CORAnet Solutions into our health and fitness partnerships offering PHR solutions to health clubs and its members. The combination of healthcare and fitness makes sense. This partnership will further separate our SMS offering.
- Continue executing a scalable plan to the premier Club Management Software (CMS) companies for conversion to our SMS solution. We now have exclusive partnerships with the top four CMS partners in the health and fitness sector. We plan on opening new verticals in Q4 and into 2017.
I'm confident we have made the necessary changes securing a long-term future free of convertible financing and a vision to grow through M&A. Our decision to purchase brand name QSRs is an exciting time in the history of Textmunication Holdings, Inc.
I'm grateful for your continued support and I look forward to our next communication.
Chief Executive Officer
About Textmunication Mobile Marketing:
Textmunication is an online mobile marketing platform service provider that helps health clubs and martial arts studios communicate with their members by allowing them to build loyalty, engage member retention, and create new business through a non-intrusive, value added medium. Textmunication connects members to the content they desire through any mobile device for health clubs and studio events, as well as promotions. Clients can send the most up-to-date offers, discounts, member alerts, events, PT schedules, or any other personalized campaign.
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Wais Asefi, Chairman and CEO
SOURCE: Textmunication, Inc.