PLEASANT HILL, CA / ACCESSWIRE / March 17, 2017 / Textmunication Holdings, Inc. (OTC PINK: TXHD), a cloud-based mobile SMS marketing platform provider, is minority-owner of Aspire Consulting Group LLC ("Aspire"). On January 5, 2016, Textmunication Holdings, Inc. ("Textmunication") entered into a Share Exchange Agreement with Aspire Consulting Group, LLC ("Aspire"). Aspire is a verified Service Disabled Veteran-Owned Small Business (SDVOSB).
Pursuant to the terms of the Exchange Agreement, Textmunication acquired 49% of all of the issued and outstanding membership units of Aspire. As a result of the Share Exchange Agreement, Textmunication became a minority owner of Aspire.
Aspire Consulting Group & SDVOSB:
Aspire is headquartered in the business hub of Washington, D.C. and provides IT consulting and solution-based services to commercial, state, and federal agencies. Aspire is connected to the government procurement community and has advisors who have served in state government cabinet positions and Fortune 500 companies. This network, along with the SDVOSB certification, positions Aspire as a sought after partner for government contracts.
There are less than 6,000 verified SDVOSB firms in the Unites States. Aspire is verified through the Center for Verification and Evaluation (CVE) program within the Veterans Affairs Department. Aspire's acceptance into the "Veterans First Contracting Program" is critical. The purpose is to ensure legitimately owned and controlled VOSBs and SDVOSBs are able to compete for VA VOSB and SDVOSB set-aside contracts and are credited by VA's large prime contractors for subcontract plan achievements.
Aspire was notified, on March 1, 2017, that it was awarded a significant 10-year government contract. Aspire is a strategic teammate on the CMS SPARC Indefinite Delivery/Indefinite Quantity (IDIQ) contracting vehicle. The ceiling on the IDIQ is $25B and is shared with multiple companies. The Prime requested Aspire join the team based on its healthcare past performance and powerful SDVOSB certification. Aspire successfully performed on a 2016 Cloud and Big Data healthcare project gaining critical past performance marks. The Aspire leadership team has substantial Health IT (HIT) experience and is connected to the HIT network in D.C.
The remaining teammates come from Fortune 500 companies and well-known Federal System Integrators. Strategic teaming is key to winning the numerous task orders delivered under this long-term IDIQ vehicle. The Aspire SPARC team is divided into specialty areas and set-aside certifications. The SPARC agreement offers substantial revenue opportunity for Aspire. Once task orders within the IDIQ are won, announcements and revenue guidance will be made. Task order revenues vary in size, but most are substantial and are multi-year arrangements split amongst the teammates.
There are strict SDVOSB work share mandates required by the U.S. government. The Veterans Benefit Act of 2003 requires each government agency to set aside at least 3% of contracts for SDVOSBs. On the state level, the percentages vary, but in most cases are higher. Aspire is competing for state contracts where the SDVOSB requirement is a minimum 7% of total revenue.
The SPARC agreement also provides Aspire the necessary past performance credentials to compete long-term and be successful with future contracting proposals. Past performance is a critical benchmark, in addition to procurement set-aside certifications. Aspire's SDVOSB certification is one of the most coveted in government contracting. The CMS SPARC contract is one of the largest IDIQs in government and carries substantial past performance metrics.
Aspire just submitted a proposal for the Veterans Affairs (VA) VECTOR SDVOSB contract. This is a $25B IDIQ centered on Management, Analysis, Training, Outreach, Supply Chain and Human Resource staffing. Aspire's team on VECTOR now awaits the award of this contract. Two other contracts are pending. One is for system modernization of a state's Motor Vehicle Administration (MVA) infrastructure. The other as a subcontractor on a key federal agency.
Aspire has teaming agreements with Northrop Grumman - the #2 federal systems integrator, Tech Mahindra - one of the largest business transformation firms in the world and a Direct hiring agreement with Phase One Consulting Group on its Department of Transportation (DOT) and Commodity Futures Trading Commission (CFTC) programs. The SDVOSB certification helps these companies hit specific government goals as it relates to veteran-owned business credits.
Aspire - Textmunication Partnership:
Textmunication acquired a minority-stake in Aspire gaining government contracting access. The partnership also allows Aspire's management team to open new SMS verticals in the government sector. Aspire is building-out a government contracting operation for the long-term.
The combination of government contracting access and new SMS opportunities makes the synergy strong. Textmunication will update the investment community once additional Aspire awards and task orders are won.
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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).
Text DEMO to shortcode 87365 to sign up for a demonstration on our SMS solution.
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.