Future Growth Centered on QSR Acquisitions
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PLEASANT HILL, CA / ACCESSWIRE / November 30, 2016 / Textmunication Holdings, Inc. (TXHD) - ("Textmunication"), and FranBizNetwork ("FBN") signed a Letter of Intent (LOI) to acquire up to 19 Quick Service Restaurant (QSR) locations under Textmunication Holdings, Inc. A new subsidiary will be added to Textmunication Holdings, Inc. creating a vehicle to acquire brand-name QSRs.
Textmunication will ultimately be divided into two operating companies: QSR and SMS. Each QSR will utilize the SMS solution creating synergy between the two divisions. The business relationship between Textmunication and FBN allows for future acquisitions of QSRs after the initial tranche of restaurants are secured. FranBizNetwork has more than 20 years of franchise business brokerage experience. Headquartered in Northern California, FBN has access to some of the nation's leading QSRs and serves as a liaison between the franchise community and potential buyers of listed commercial properties.
"We recently made the decision to add QSRs to our holding company," stated Textmunication CEO, Wais Asefi. "The combination of SMS and QSR creates a strong company leveraging the strength of each company's core capabilities. Our ultimate goal is to create a holding company of strong QSRs who strategically use our leading SMS communication platform."
The LOI calls for a period of due diligence between the two companies over the next 45 days to complete the discovery and closing of the first set of QSRs. Financial disclosure will occur once the transaction is completed.
About Textmunication Holdings, Inc. (TXHD):
Textmunication is an online mobile marketing platform service provider that helps health clubs and martial arts studios 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 studio 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. Text DEMO to shortcode 87365 to sign up for a demonstration on our SMS solution.
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Textmunication Holdings, Inc.
Wais Asefi, Chairman and CEO
SOURCE: Textmunication Holdings, Inc.