PLEASANT HILL, CA / ACCESSWIRE / March 2, 2017 / Textmunication Holdings, Inc. (OTC PINK: TXHD), a cloud-based mobile SMS marketing platform provider, has made several key operational enhancements in Q1. We are excited to share the updates with the investment community today.
We will break the update into four key areas:
Sales:
Our quarterly revenue growth has been the key area of our success. The Textmunication solution is recognized as both the Fitness and Salon SMS choice. The growth has come from organic sales, white label programs, new strategic partnerships and high-volume programs. We are on an annual revenue run rate of more than $1,200,000 for 2017 - more than double the revenue from 2016. We expect revenue growth and continued economies of scale cost reductions. Our SMS costs were recently reduced by 50% based on our new growth. We have targeted several new verticals centered on customer engagement and retention. We will share more details in our upcoming 2016 Annual report.
Partnerships:
We cherish our partners and have elevated several key clients to strategic long-term growth partners. Textmunication has integrated with leading Club Management Software (CMS) firms in the fitness industry. The leading Salon Management Software, SalonTouch Studio, is exclusively offering our software to its base of 10,000 businesses and is now integrated via our API. Our White Label program is an out-of-the-box solution now available to any client craving a robust solution branded as its own. The final revenue stream is high-volume SMS clients. We have partnered with a specialized marketing firm sending more than 4,000,000 SMS per month. We expect this segment to be a key revenue generator for years to come. Our SMS volume has grown from 1.5M in late 2016 to more than 7M in early Q1. Our expectations are between 20M to 30M by the end of 2017.
Development:
Innovative technology is the backbone of our solution. We continue to add functionality to our platform further separating our solution in the growing SMS mobile marketing sector. We just added three in-house developers - two from top technology firms in Silicon Valley. We are building a state-of-the-art SMS platform for scalability and superior functionality. Our responsiveness to partners and ability to proactively bring solutions are priorities. We continue to lead with innovation and collaboration in a $20B+ SMS market.
M&A:
As a publicly-traded company (TXHD), Textmunication is always looking for new cutting-edge technologies to purchase or create partnerships. Our projected growth will be accomplished through in-house technology development and strategic M&A. We are eyeing several additions in the CRM, digital marketing and e-commerce space. Any potential partner must bring synergy to our current technology road map. Our SMS platform is scalable and can be integrated with other software platforms.
Textmunication has taken steps addressing its historical debt, growing the revenue base, developing strategic partnerships and enhancing its leading SMS platform. We are executing on our blueprint for long-term growth and leadership in the SMS market. We will continue to update the investment community throughout 2017.
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About Textmunication Holdings, Inc.
Textmunication is an online mobile marketing platform service provider that helps health clubs, martial arts studios, salons and healthcare firms 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 salon 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. www.textmunication.com
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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,
Textmunication
(800) 677-7003
[email protected]
SOURCE: Textmunication Holdings, Inc.