Textmunication Holdings Inc.
Under the Symbol:
Textmunication Holdings, Inc. Offers Subscription Agreement for Equity Ownership
Wednesday, October 25, 2017 9:00 AM
PLEASANT HILL, CA / ACCESSWIRE / October 25, 2017 / Textmunication Holdings, Inc. (OTC PINK: TXHD.OB), a cloud-based mobile SMS marketing platform provider, released a Subscription Agreement ("Agreement") to several accredited investors for a minority ownership stake in Textmunication.
Textmunication is seeking working capital for both software development and marketing to expand its market share in the SMS mobile marketing sector. The Agreement offers a turning point for Textmunication as it moves away from convertible financing into equity investment from investors who have influence in the mobile marketing sector.
Textmunication has positioned itself for this type of investment with steady revenue increases, note settlements and overall debt reduction. Revenue increases in 2017 of 259% in Q1 and 298% in Q2 have attracted investment interest from accredited investors.
"We've made a strategic decision to raise capital through equity financing rather than convertible notes," stated Textmunication CEO, Wais Asefi. "We've reached a stage in our company where Textmunication is attractive to investors based on our revenue growth, partnerships, debt reduction and overall operational outlook and we no longer have to source convertible financing for our expansion efforts."
Additional updates will be issued through SEC filings if the investment is completed.
Textmunication has completed its non-integrated GEN3 software platform. Several new Club Management Software (CMS) firms are waiting on the development of new APIs to begin full-scale implementation. Textmunication will have the Top 6 CMS companies (which own 70% of the North American fitness market) using its software platform when all APIs are completed.
ABC Financial ("ABC") recently announced Textmunication as a "Preferred Partner" in its vast vendor ecosystem. ABC has selected strategic vendors to assist in the educational outreach of key solutions to more than 8000 health clubs using its leading software solution. Strategic partnerships and software integration are key factors in the growth of Textmunication as it continues to differentiate its solution in the $50 billion+ global SMS market.
Aspire Consulting Group LLC ("Aspire") - 49% owned by Textmunication, is waiting on three state contract award notifications in Q4 in addition to the three awards it has already won in 2017 through its prime partnerships on the federal level. Aspire is building a varied contracting portfolio for the next several years with key System Integrators who have leverage in the government IT Services market.
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About Textmunication Holdings, Inc.
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. 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.
SOURCE: Textmunication Holdings, Inc.