Textmunication Executes on LOI to Acquire Off Day Trainer
PLEASANT HILL, CA, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Textmunication Holdings, Inc. (OTCM: TXHD) (“TXHD”), a cloud-based communication technology holding company, announced today it has signed a Letter of Intent to acquire Off Day Trainer (“ODT”), a patented software platform designed to help fitness pros and health clubs scale their businesses through automated messaging and communication management.
The RELENTLESS Management Group (“RMG”), a technology management firm based in San Luis Obispo, California, owns ODT in its portfolio of technology companies. The RMG model is to invest in cutting-edge technologies, create scalable partnerships and quickly accelerate sales momentum. Alex Minicucci, the Founder/CEO of RELENTLESS, will join the Textmunication Board of Directors once the acquisition has been finalized.
TXHD anticipates a closing date of no later than March 31, 2019. In addition to owning the ODT software platform, the acquisition will include all branding, media (social), source code, patent associated with the platform and all existing ODT clients. David Pitts, Co-Founder of ODT, will join the Textmunication team to help scale the ODT solution to the more than 300,000 personal trainers in the United States. The RMG Sales Automation Center will handle pre-sales and point-of-sales transactions for both the Textmunication and ODT solutions.
“Wais and team have done a great job carving out a niche as the industry’s dominant client engagement system, integrating with virtually all of the top fitness management platforms in the market.” explained Alex Minicucci, Founder/CEO of RELENTLESS. “By adding the patented Off Day Trainer system to the mix, the combination of technologies will be a ‘must-have’ for competitive gyms and studios. Consumers are demanding greater personalization - this will give it to them.”
Wais Asefi, Chief Executive Officer of Textmunication, stated, “We’ve had a great relationship with RELENTLESS for several years. Their emphasis in SaaS growth companies and solid technology makes this partnership a “win-win” for both companies. We will now work on the definitive agreement to acquire the patented ODT software platform and utilize the RELENTLESS Sales Automation Center to scale both the Textmunication and ODT solutions. This partnership is about increasing our proprietary technology value, sharing our networks and boosting sales opportunities through RMG’s innovative Sales Operation Center.”
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About Textmunication Holdings, Inc.
Based in Silicon Valley, Textmunication Inc. is a leading mobile marketing solutions provider to more than a thousand clients across North America. An early adopter of next-generation text message protocol Rich Communication Services (RCS), the Company currently leverages its proprietary SMS software platform to deliver robust APIs and integrated solutions to a diverse range of end users including health and fitness facilities, beauty salons, sporting events, hospitality organizations, entertainment and digital marketing firms. Committed to ongoing innovation, Textmunication was recognized by CIO Review Magazine as one of the “Top 20 Most Promising Digital Marketing Solution Providers” of 2018. For more information:
About RELENTLESS
Relentless Management Group partners with meaningful early-stage SaaS software companies, providing leadership, mentorship, infrastructure and funds – with the goal of placing them within a larger organization. This proven formula helps ensure the company thrives during the transition from early-stage to profitable going concern, creating value for the founders and investors. Learn more at .
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.
Contact:
Wais Asefi, CEO
Textmunication Holdings, Inc.
(800) 677-7003
