PLEASANT HILL, CA / ACCESSWIRE / April 4, 2016 / Textmunication Holdings, Inc., (OTC: TXHD) ("Textmunication"), a Nevada corporation is pleased to provide organizational updates at Textmunication. We would like to take this time to share an update with our valued shareholders following our recent successful IHRSA (International Health, Racquet & Sportsclub Association) Convention held in Orlando, Florida. Thousands of people attended educational seminars, a busy trade show and the industry’s best networking event over four days. Textmunication was represented by four of our leaders connecting with current and potential vendors, partners and health clubs.
Textmunication made the decision in late 2015 to focus on the Health and Fitness market. We have the only integrated SMS solution for this sector. By partnering with the top Club Management Software (CMS) companies, we can scale our SMS engagement software directly to the thousands of members belonging to the Fitness and Wellness centers across North America. Following this year's IHRSA convention, we are confident our solution will be used by more than 90% of the CMS market by the end of 2016. Several announcements on our CMS partnerships were released in Q1. The top CMS players have integrated our solution to add value to their clients. With more than 35,000 membership-based exercise facilities in the U.S. and over 55 million memberships, we have the only integrated package that can be scaled flawlessly and engage members through SMS. We are opening new international markets based on our projected growth in North America. Details will be announced at a later date.
We are collaborating with several companies building a platform blending healthcare, insurance and fitness into one solution. This integration could reshape the healthcare/fitness market in several ways. We hope to have an update on this solution by Q3 of this year. Our SMS technology leadership continues to evolve in a market expected to reach $20B by 2017. Textmunication expects to be one of the leaders though innovation and collaboration.
Our focus in 2016 is revenue. We have put measures in place to scale our operations to thousands of clients through a robust infrastructure build-out. We are continuously upgrading our software platform, hiring seven (7) Strategic Account Managers and automating our back office operations. Textmunication has grown from five employees/consultants to twenty over the past few months. We feel we are at the point of turning the corner providing increasing revenue, capturing market share and separating our technology in the expanding SMS Mobile Marketing sector. We have set aggressive revenue benchmarks for the remainder of 2016. Revenue is our goal by not only increasing shareholder value, but participating in the consolidation of the SMS market through mergers and acquisitions. Our goal is growing revenues organically and through strategic M&A.
Textmunication acquired a 49% stake in Washington, D.C. IT consultancy firm Aspire Consulting Group in early 2016. Aspire has transformed our company since the announcement. Many of the new employees/consultants have come from the Aspire network. In addition to the shared resources, Aspire has added new revenue growth and opened sales channels for Textmunication. Aspire has teamed with several technology partners to propose innovative modernization solutions to federal and state agencies. The Government contracting sector is an enormous opportunity to grow our revenue and position our SMS software with the world's largest customer - the United States government. Aspire is waiting award announcements on two key contracts and working on several other large procurement vehicles. We will continue to leverage Aspire’s relationships and share in its revenue growth for years to come.
Last week, Textmunication issued an 8-K on the addition of our new Board member. This key appointment benefits Textmunication by capitalizing on global Fortune 500 connections and providing strategic planning to our leadership team. Textmunication has grown from a small Silicon Valley start-up to a twenty-person team in the past six months. We are thrilled with our new team and look forward updating our shareholders throughout 2016 on our progress.
Wais Asefi, CEO
Textmunication Holdings, Inc.
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.