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Title Consulting Services, Inc. (TITL) Corporate Guidance: Mobile App Mergers and Revenue Estimates
Press Release Source: Title Consulting Services, Inc. On Monday March 21, 2011, 3:45 pm ST. PETERSBURG, FLORIDA--(Marketwire - 03/21/11) - Title Consulting Services, Inc., (PINK SHEETS:TITL - News) (Title Consulting Services) would like to update its investors and followers on its second mobile app merger. TITL has signed a Letter Of Intent with a second smartphone app company and management would like to provide further details on what these mergers will do for the conglomerate. The deals for these two new app companies are on track to close by the end of April, subject to due diligence and the seller maintaining specific operational goals prior to closing. Adding these two smartphone app companies to TITL's recently acquired PresentAll subsidiary will result in approximately $900,000 in additional gross revenue and approximately $250,000 in profits (excluding depreciation). This means that TITL's gross income will approach approximately $2.5 million on a consolidated basis. TITL also looks to additional economies of scale and cross-marketing products and services, which should result in further income growth opportunities. "These three companies are a good start to our expansion into the fast growing IT sector and will add gross revenue and profits to our existing solid base of business," says TITL CEO Dustin Secor. "Our continued goal is to add profitable companies to our growing portfolio and create a diversified company with annual net operating income approaching $1 million annually, exclusive of depreciation, over the next 18 to 24 months." |
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PresentAll (TITL) Version 3.1 Software Will Include Cloud Computing Upgrades
Press Release Source: Title Consulting Services, Inc. On Tuesday March 22, 2011, 3:45 pm ST. PETERSBURG, FLORIDA--(Marketwire - 03/22/11) - Title Consulting Services, Inc. (PINK SHEETS:TITL - News) (Title Consulting Services) subsidiary PresentAll is pleased to announce that version 3.1 of its web-conferencing software will include upgrades to cloud computing. Version 3.1 will be a major upgrade from the existing PresentAll web-conferencing release (version 3.0). Upgrades to version 3.1 include porting to cloud computing, which will provide substantial benefits to both the company and consumers because it will eliminate current bandwidth limitations and the need for additional server capacity. It will substantially reduce PresentAll's costs and provide more stability within the product, while enhancing its ability to accommodate a significant number of simultaneous users. PresentAll will also be able to expand much faster into Spanish-speaking and European markets. Consumers will benefit by being able to hold larger meetings without advance notification. Version 3.1 will also include an enhancement in security measures and to the firewall, which will better serve and protect current and future clients. PresentAll's meeting recording feature will be updated as a result of porting to cloud computing. Recorded meetings will be stored through cloud hosting and be available for replay on demand. This will significantly cut storage costs and provide more reliability to clients. Meeting hosts will be able to download files in an easy-to-edit format. TITL's merger with PresentAll, combined with two other impending mergers with companies that specialize in creating applications for smartphones and mobile Internet devices which are expected to close within 90 days, are part of TITL's strategy to become a real estate and technology conglomerate. Updates on all all developments within the fast moving company will follow shortly. |
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TITL Targets a Blitz Merger; TextMyMarket.Com in Direct Competition with GOIG
Press Release Source: Title Consulting Services, Inc. On Friday March 25, 2011, 3:45 pm EDT ST. PETERSBURG, FLORIDA--(Marketwire - 03/25/11) - Title Consulting Services, Inc. (PINK SHEETS:TITL - News) (Title Consulting Services) is pleased to introduce its new targeted merger candidate: Text My Market (www.textmymarket.com). The merger is expected to close within the next three to 10 business days. The TextMyMarket merger will close well ahead the previously announced smartphone app company mergers. Text My Market is a mobile text marketing company that provides short code texting marketing solutions. TITL feels that Text My Market will complement its expanding business strategy and compete directly with New York's GoIP Global (PINK SHEETS:GOIG - News). TITL CEO Dustin Secor stated: "New media marketing is on the rise, just like all of TITL's other high-tech facets. We're getting to where we want to be: a well-diversified company with growth potential. We believe we have a better product and a far superior platform than any of our current competitors. Text My Market is already in revenue mode, so all that's left is to continue growing our model and to take it to the next level. We think that both subsidiaries, PresentAll and Text My Market, are a solid investment. The two merger candidates in the wings will be no different." Once the merger blitz is complete, TITL expects to have five subsidiaries, including Accu Title, PresentAll and Text My Market. This will fundamentally redefine TITL and transform the company into a conglomerate encompassing real estate and technology. These are exciting times for TITL and the company will keep investors updated as these mergers progress. More updates will be provided shortly and on a timely basis. |
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