.TrustCash Signs Definitive Agreement to Acquire 25% of Alligato, Inc.
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{"s" : "tchh.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: TrustCash On Monday April 19, 2010, 8:00 am
ATLANTA, GA--(Marketwire - 04/19/10) - TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (Pinksheets:TCHH - News) today announces it has signed a Definitive Agreement for the acquisition of 25% of Alligato Inc.
This acquisition of an equity stake in Alligato strengthens the partnership between the two companies, potentially allowing additional avenues towards growth to be implemented.
The acquisition is structured as an exchange of restricted common stock.
TrustCash Management comments: "The Company looks forward to the closing of this acquisition, which is expected shortly."
Alligato markets its service under the
Cell Long Distance - Save On Cell Long Distance brand.
Alligato™ delivers the most sophisticated, comprehensive voice 2.0 platform available. The technology infrastructure provides the first truly open access to carrier-grade telecom functionality with hardware, software and network capacity to lower the cost of cell phone long distance from the wireless network to the Public Switched Telephone Network (PSTN) as an on-demand, fully hosted and managed service in a CaaS (Communications as a Service) model.
The Alligato service enables large member based organizations, existing service providers, application providers and web communities, to provide cell phone long distance for their customers and members with greater quality and at significantly lower costs (up to 90% savings).
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