PLEASANT HILL, CA / ACCESSWIRE / January 6, 2016 / On January 5, 2016, Textmunication Holdings, Inc., (TXHD)("Textmunication"), a Nevada corporation entered into a Share Exchange Agreement with Aspire Consulting Group, LLC, ("Aspire"), a Virginia limited liability company.
Pursuant to the terms of the Exchange Agreement, Textmunication agreed to acquire 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.
About Aspire Consulting Group LLC:
Aspire is headquartered in McLean, Virginia - a key business hub of Washington, D.C. and provides IT consulting and solution-based services as a Service-Disabled Veteran-Owned Small Business (SDVOSB) to commercial, state and Federal
agencies. Aspire's leadership and advisory board consists of executives from IT, Cyber Security, Healthcare, Quality Management, Knowledge Management and Financial Services.
In FY 14, Federal SDVOSB spending was nearly $14 billion. As of August 2015, there are 5611 verified SDVOSBs in the United States.
Key Milestones for Aspire:
-Verified as SDVOSB by U.S. Department of Veterans Affairs (VA), Center for Verification and Evaluation (CVE) in 2015.
-Acceptance into the Veterans First Contracting Program within the VA System. The purpose is to ensure that 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.
-Teamed with several Fortune 100 companies for a $25 billion Federal multi-award indefinite delivery, indefinite quantity (IDIQ) opportunity scheduled to be announced in mid-2016.
-Targeting SDVOSB set-aside contracts and forming key teaming partners to add value for SDVOSB set-aside proposals.
-Teaming on a multi-award $5 billion SDVOSB IDIQ contract due in Q2-2016.
-Secured placements on a mission-critical Cyber security program in Q1-2016 valued at $250,000.
-Formed partnerships with Top 20 Federal System Integrators as a strategic subcontractor for IT projects.
-Partnered with one of the premier LED lighting companies to supply and install specialized lighting across the U.S.
-Delivered stellar Healthcare results in Cloud and Big Data initiatives for a large digital marketing firm.
-Provided guidance and resource support for Aspire VC - an advisory firm targeting technology start-ups.
"It makes sense to acquire a stake in a growing company who can elevate our presence in the Federal and commercial markets," stated Wais Asefi, President of Textmunication. Aspire's leadership team is well connected and respected in the Federal procurement community and we feel we can grow our businesses together as strategic partners."
Mark Johnson, Aspire's President added, "The idea of weaving Silicon Valley innovation into the procurement engine of the Federal government is intriguing and exciting. Aspire's goal of increasing visibility in the Enterprise Mobility sector is one of our key initiatives in 2016. Textmunication brings that expertise and leadership. We want a piece of the $20 billion SMS market working closely with Mr. Asefi and his team."
About Textmunication Holdings, Inc.:
Textmunication located in Pleasant Hill CA, is an online mobile marketing platform service provider that helps health clubs, real estate, insurance, entertainment, hospitality, education and health care organizations communicate with their members by allowing them to build loyalty, engage member retention, and create new business through a non-intrusive, value added medium. The SMS market is expected to grow to more than $20 billion by 2017.
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Safe Harbor Statement:
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.