BARRIE, Ontario, Feb. 9, 2015 /PRNewswire/ — Telecorp, Inc. (OTC Markets: TLNUF) (“Telecorp” or the “Company”), is pleased to announce that the Company has signed a Letter of Intent (LOI), to acquire Dev Datamedics & Software Pvt Ltd (“Dev Datamedics”), as a wholly owned subsidiary of Telecorp.

This LOI establishes Telecorp’s intent to acquire a controlling position in Dev Datamedics, a modest development company, which employs roughly 7 full-time developers. Financially, the company is breaking even, however, it is the intention of Telecorp, that with their growing infrastructure, the company will turn profitable within 3 to 6 months after the completed acquisition. Based in Chandigarh, India; Dev Datamedics has provided hundreds of customers with high- quality web and software development for over 15 years.

“As we’ve discussed, Telecorp is actively looking for quality acquisitions with established companies or even exciting startups,” stated Paul Phillips, CEO of Telecorp, Inc. “Exploring our list of potential merger and/or acquisition targets, Dev Datamedics was one of the first companies we considered, as a synergetic and profitable endeavor for Telecorp. We look forward to working closely with this talented group of programmers, to not only enhance our products, but to grow Datamedics customer base, which will increase revenues to both our organizations.”

Dev Datamedic’s primary website can be found at www.net4gains.com.

About Dev Datamedics:

Dev Datamedics is an offshore web design, web development and search engine marketing company. The company provides valuable outsourcing services to its worldwide clients. Dev Datamedics offers a personal approach and caters to clients’ needs with its skilled staff.

About Telecorp Inc.

Telecorp is an emerging provider of communication solutions to an array of companies and industries including, automotive, real estate, financial, health, charities, and many more. Telecorp offers creative software solutions for communicating with customers at levels never seen before. A total solution that is not only affordable, but indispensable for any business, no matter the size. Telecorp’s modules allow the best marketing tools, first rate sales acquisition systems, customer communication processes, and drive greater profitability from every interaction, allowing every user to reduce costs and increase productivity at every use.

The Company’s integrated suite of customized solutions includes, but is not limited to: customer acquisition, customer care, automated voice services, emergency communications, conferencing, data management, webinars, customer and hardware support tools, e-mail, fax and text broadcast messaging, direct to voice mail messaging, customized voice messaging, text to speech systems, predictive and progressive dialing, contact management solutions and much more.

Telecorp Inc. was incorporated in Canada in 2009.

Safe Harbor Statement

Except for historic information contained in this release, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company’s actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company’s ability to attract qualified management, raise sufficient capital to execute its business plan, and effectively compete against similar companies.

For further information, please contact:

Telecorp Inc.
Investor Relations
investors@telecorp.com
www.telecorp.com

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SOURCE Telecorp, Inc.