DGAP-News: Prime Capital Fund LLC - US private equity firm invests in Telecorp Inc.
(firmenpresse) - DGAP-News: Telecorp Inc. / Key word(s): Agreement/Private Equity
Prime Capital Fund LLC - US private equity firm invests in Telecorp
Inc.
24.03.2011 / 08:15
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Cheyenne, Wyoming, 24 March 2011 - Telecorp. Inc., a company listed in the
Open Market (Freiverkehr) segment at the Frankfurt stock exchange, will
receive an injection of fresh funds in the amount of EUR10 million for
further imminent acquisitions in the area of IT services (SaaS and CRM)
that form the company's core business.
As part of a Standby Equity Purchase Agreement ('SEPA'), Telecorp
Inc. will receive EUR10 million in equity capital, provided by the New
York-based private equity firm Prime Capital Fund LLP ('PCF'). Telecorp
Inc. is one of the most innovative telco suppliers and IT service providers
in this highly dynamic market segment worth billions of dollars. The new
shares will be issued for the further expansion of the company's investment
and acquisition strategy, enabling Telecorp Inc. to consolidate its highly
dynamic growth, as well as the integration of services, even more rapidly.
The transaction will be carried out in the form of a standby equity
purchase agreement. For Telecorp Inc., the new investor is its preferred
candidate. 'We are gaining a shareholder who can provide us with
comprehensive expertise thanks to its strategic relationships within the
market. Particularly at this juncture, when we are integrating other
businesses and experiencing high growth rates, strategic shareholders are
important to carry through consolidation without any mistakes or loss of
time,' said Paul Phillips, CEO of Telecorp Inc.
The increase in capital guarantees that Telecorp Inc.'s business model will
be developed further on a solid financial foundation, thereby realising
profitable investment opportunities within the market in the best interest
of its shareholders. PCF's Managing Director, Joseph B. LaRocco, said: 'For
us, this agreement represents a strategic investment in a dynamic market
segment. By investing in Telecorp Inc., we are supporting a growth-oriented
company with outstanding management credentials.'
For more information on Telecorp Inc., please visit www.telecorp.com.
Contact: Prime Capital Fund LLC, Joseph B. LaRocco, Phone: +1 203-599-1928
Mail: jlarocco(at)primecapitalfund.com
About Prime Capital Fund, LLC
Prime Capital Fund, LLC (PCF) is a private fund, headquartered in New York,
that assists private and public companies with their short and long term
funding needs. The PCF Team has years of experience in the fields of
international corporate finance, hedge fund portfolio management and
structured finance. Depending on the complexity of the transaction, the
fund is usually able to act quickly to handle due diligence, structuring of
the transaction and funding. PCF provides private and public companies
with a number of funding options. Although the preferred structure is the
Standby Equity Purchase Agreement (SEPA), PCF also considers funding
through convertible debentures, shareholder structured stock sales, common
stock with resets, warrants and other structures. The PCF Team works with
companies on a global basis and is interested in all industry sectors, but
prefers medical services, equipment and technology, pharmaceuticals,
mining/natural resources, renewable energy, clean energy and technology,
environmental, retail, manufacturing, communications and entertainment..
About Telecorp Inc.
Telecorp is a growing provider of communication solutions to many companies
and industries including, automotive, real estate, financial, health,
charities, and many more. Telecorp offers creative and software solutions
for communicating with our client's 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, drive greater profitability from every interaction and allow
every user to reduce costs and increase productivity at every use.
The company's integrated suite of customized solutions includes 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.
Founded in 2006 in Cheyenne, Wyoming USA. Telecorp has a team of employees
based in North America, Central America, Australia and Europe.
Safe Harbor Statement
This release includes forward looking statements, which are based on
certain assumptions and reflects management's current expectations. These
forward looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations. The Company disclaims any intention
or obligation to update or revise any forward looking statements, whether
as a result of new information, future events or otherwise.
Press Contacts
Telecorp Inc.
Investor Relations
Phone: 1-307-459-4022
investors(at)telecorp.com
www.telecorp.com
End of Corporate News
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116748 24.03.2011
Datum: 24.03.2011 - 08:15 Uhr
Sprache: Deutsch
News-ID 33563
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Kategorie:
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