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Title Consulting Services (TITL) Merger Web-Software-Tech Company(January 20, 2011)
ST. PETERSBURG, FLORIDA -- (Marketwire) -- 01/20/11 -- Title Consulting Services, Inc. DBA Accu Title Agency (PINK SHEETS: TITL) is providing this important update to its followers and shareholders.
Title Consulting Services (TITL) intends to acquire or complete a merger on a cash and stock basis with a US based IT web- software-company as a wholly owned secondary subsidiary. Dustin Secor, CEO of TITL said "TITL has a great business in the title services industry. We recently announced our expansion in the insurance sector with licensing rights in 9 States. TITL has a great balance sheet and we have been in business and operating the company for 15 years with consistent revenue in a recovering sector. We are looking to transform TITL into a small conglomerate encompassing real estate and technology sectors and possibly other sectors as opportunities present themselves. We believe that an expansion in the IT industry will deliver just that."
We are working on two different scenarios that will complement one another:
Our first intention is to fuse technology with title services. An example of our outlook is to offer iPhone apps for our clients creating a mobile application platform in the Real Estate and Mortgage arena specifically designed for the Apple® iPhone, iPod Touch, iPad and other mobile platforms including the Android platform developed by Google®. Chief Marketing Officer, Todd Jewett commented, "This app will be very beneficial and applicable to every Realtors and Mortgage Professionals in the industry. Once finalized, it will be deployed, as a marketing tool to keep the Accu Title brand in front of the decision makers who order title insurance services. The 2nd generation of this app would also have the ability to be private labelled for further distribution by the Realtors and Mortgage Professionals to their individual clients who are buying homes and refinancing their mortgages. In conclusion, the more decision makers we can put our name in front of, the greater the opportunity to grow our market share.
Our second intention is an acquisition of an established web-based company and we are currently reviewing several options. We want to acquire a company with revenues that can assist us in our business and industry and can add to our top and bottom line as we have an outlook of becoming a 15 to 20 million-dollar revenue company in the next few years. One of the companies that we are in communication with offers corporate solutions software with a live streaming video, whiteboarding, chat, sharing via webinars, presentation boards, and web conferencing on a web based platform. As the talks progress further TITL will shortly release the name of the targeted merger candidate and other relevant information." said Secor, CEO.
The company will shortly add an IT section to its web site, followed by a launch of a new web site with the technology targeted company products and services.
The company intends to provide further updates and details to its followers on a timely basis.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Title Consulting Services, Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. Title Consulting Services, Inc. cautions you that any forward-looking information provided by or on behalf of Title Consulting Services, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Title Consulting Services, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Title Consulting Services, Inc.'s control. In addition to those discussed in Title Consulting Services, Inc.'s press releases, public filings, and statements by Title Consulting Services, Inc.'s management, including, but not limited to, Title Consulting Services, Inc.'s estimate of the sufficiency of its existing capital resources, Title Consulting Services, Inc.'s ability to raise additional capital to fund future operations, Title Consulting Services, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Title Consulting Services, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Title Consulting Services, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
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