PLEASANT HILL, CA / ACCESSWIRE / February 16, 2016 / Textmunication Holdings, Inc., (OTC: TXHD) ("Textmunication"), a Nevada corporation is pleased to provide many positive developments at Textmunication. We would like to take this time to share an update with our valued shareholders. We made a strategic decision to dramatically change the company in late 2015. In this update, I will break down our transformation into four key areas. Financial health, strategic investment, platform development and sales initiatives. The timing of this update coincides with many exciting developments at Textmunication as we continue pursuing our goal of becoming the global SMS leader by 2017.
One of the first steps I took in September 2015 was reducing our Outstanding Shares from more than 400 million shares to just above 100 million. In Q4 of 2015, we cancelled our S-1 registration allowing the Authorized Share count to remain at 250 million. These shareholder-friendly moves made the stock more attractive to both the investment community and shareholders. Short-term lenders are converting to long-term partners assisting in our growth stage. We recently signed an Engagement Agreement with BMA Securities (BMA). Our arrangement with BMA allows us to attract quality investment and gain institutional support from one of the most respected investment firms. This is a major milestone in our history and will open a new landscape of investment opportunities.
On January 5, 2016, we acquired a minority stake in Aspire Consulting Group (Aspire) out of the Washington, D.C. area. This strategic partnership allows Textmunication to enter the Federal contracting space with a newly verified Service-Disabled Veteran-Owned Small Business (SDVOSB). Aspire has formed strong teaming agreements in Unified Communications (UC) with two of the most innovative digital media firms in the United States. Both are excited working with Aspire's SDVOSB outreach to Federal agencies and are well positioned assisting the digital transformation of the U.S. government. The synergies between Aspire's UC offering and our SMS technology are strong. Aspire brings leadership in software development and corporate sales structure to assist in our transformation. The two companies share essential resources allowing for scalability of operations, reduced costs and leverage in our business plan.
SMS Platform Development
We have spent the past several months enhancing the functionality of our SMS software platform. We moved current clients to Phase 2 of our platform and have plans underway for Phase 3. Our shared resources with Aspire allows us to add experienced developers further separating our SMS software platform from the competition. We now have API integration with leading Club Management System (CMS) partners Jonas Fitness, ABC Financial, Paramount Acceptance and ASF Payment Solutions. We added API access with MINDBODY in early February. MINDBODY has 50,000 clients worldwide. Our goal by Q3 is developing "intelligent data" through data analytics and data mining. Our technology roadmap is innovative and robust as we continue to find creative methods to engage consumers.
One of our biggest adjustments was restructuring our sale's approach from transactional to corporate engagement. Aspire's leadership team has assembled a connected team of sales strategists building-out the Health and Fitness sector through corporate partnerships. Two of the largest CMS partners are launching the Textmunication SMS service to their more than 11,000 gyms starting this week. The Insurance industry is the newest SMS vertical with Farmers Insurance providing a large-scale trial in Northern California. We recently developed a robust Reseller program accessible to multiple verticals. After months of adjustments and finalizing partnerships, we are ready for a large scale roll-out of our service to thousands of clients.
In summary, the past five months has transformed Textmunication in many ways. We are building the SMS-leading software platform in a market expected to reach $20 billion by 2017. We have added strategic investment through acquisition and institutional partnership. The share structure is greatly improved. Our minority stake in Aspire has opened new sales opportunities while providing key sales and software development resources. The Aspire leadership team has reshaped our company through innovation and strategic collaboration. The engagement with BMA provides investment opportunities to an entirely new investment segment. We expect new joint ventures and continued strategic investment in 2016. We have built a strong company for the upcoming SMS revolution. Thank you for your continued support. We work hard to build value for our owners - the shareholders.
Wais Asefi, CEO
Textmunication Holdings, Inc
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.