Telecorp Makes Formal Offer To Acquire Majority Interest In Doozi Entertainment Company

BARRIE, Ontario, Feb. 19, 2015 /PRNewswire/-- Telecorp, Inc. (OTC Markets: TLNUF) ("Telecorp" or the "Company"), a growing provider of software communications solutions, announced today that the Company has made a formal bid, to acquire a majority interest in Toronto-based, Doozi Entertainment Company, Inc. ("Doozi"). Doozi is an emerging, mobile application solutions and development company with positive cash flow and clients located around the world. Management stated that the acquisition is an all-equity transaction, valued at approximately $300,000 for the purchase of fifty-one percent (51%) interest in Doozi.

Under the proposal, Telecorp will invest approximately $100,000 in capital, including providing IT personnel, in order to accelerate the completion of Doozi's current and future IT/software projects. The transaction is expected to unlock synergies, by leveraging the scale of the combined operations and improving operational efficiency in both companies. Doozi will initially operate as an independent unit within Telecorp, to safeguard a diversity of different approaches and to foster the long term flow of state-of-the-art, mobile application technologies. Management expects that the synergistic technologies and expertise will broaden mutual access to the external networks of both companies.

"With these added resources, we can focus even more intently on bringing the potential of our many products under development, to full market," stated JK Moy, Preident of Doozi. "We feel that by combining our strengths and resources, we will create significant value for Telecorp's shareholders and supporters alike."

"We are looking forward to working closely with our colleagues at Doozi," stated Paul Phillips, President and CEO of Telecorp. "We have great respect for their achievements and we will take the necessary steps to nurture their innovative and unique mobile technology-driven culture."

Pending the negotiation of a definitive acquisition agreement, Telecorp expects to complete the transaction within the first fiscal quarter.

About Doozi:
Doozi is a privately held, digital media and mobile solutions company, with a core focus in the development of enterprise mobile applications on all major mobile platforms. With a total of 10 employees and affiliates, Doozi's management team consists of young, entrepreneurial but experienced marketing, software development, and finance personnel, with over 15 years combined experience in all aspects of software development.

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.

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.

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SOURCE Telecorp, Inc.

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