(NEW YORK) – Textmunication Holdings, Inc. (OTC: TXHD), a mobile marketing platform service provider, announced plans to scale up its SMS platform capacity to 1 billion SMS per month.
Expanding SMS Capacity
The Company recently announced that in order to keep up with the demand Textmunication was scaling its SMS software platform with the addition of two new Scalability Engineers from one of Silicon Valley’s leading technology firms. The Company is in the final process of implementing a robust and scalable platform capable of sending more than 40 million SMS per day, or up to 1 billion SMS per month. This could potentially position TXHD as an emerging competitor to the sector leader in SMS market, Twilio, Inc. (NYSE:TWLO).
On March 10, 2017, the Company announced the addition of Rajeev Varshneya, a former team member at Phillips NV, as Technical Advisor to assit with this capacity upgrade. Mr. Varshneya roles at Phillips included CEO of Phillips Software Center, VP of Product Strategy, Engineering and Operations and SVP of Technology, Product Development and Strategy. He has also led numerous technology start-ups and is actively involved in government contracting with leading Systems Integrators.
In his role as Technology Advisor, Mr. Varshneya will design a technology roadmap setting Textmunication on a course to be a leading SMS solutions provider. He will bring in his network of technology architects and developers to assist in Textmunication’s technology growth, M&A and market leadership.
On March 17, 2017, Textmunication Holdings, Inc. and the holder of note worth $50,000 reached a settlement agreement to pay off the note. The Company made its first payment towards this note on March 17, 2017, and successfully made the final payment on March 31, 2017, thus eliminating $50,000 of toxic debt off its books.
Since the start of 2017, the Company has embarked on reducing and eliminating toxic debt off its balance sheet in effort to shore up shareholder value going forward.
Textmunication recently acquired a minority-stake in Aspire, thus gaining government contracting access. The partnership allows Aspire’s management team to open new SMS verticals in the government sector, and is currently building-out a government contracting operation for the long-term.
The combination of government contracting access, and new SMS opportunities, makes the synergy between Textmunication and Aspire very strong. Textmunication is expected to provide updates on this division once additional Aspire awards and task orders are won.
Ludlow Research recently upgraded their opinion on TXHD based on growing revenues, projected growth of SMS volume on their mobile marketing platform, and Aspire IT Government contract for Medicaid and Medicare programs. A copy of the research upgrade can be found at http://www.ludlowresearch.com/reports.html
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About Textmunication Holdings, Inc.
Textmunication is an online mobile marketing platform service provider that helps health clubs, martial arts studios, salons, and healthcare firms 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 salon 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 (www.textmunication.com).
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