Published On: Fri, Feb 10th, 2017

Textmunication Holdings, Inc. (OTCMKTS:TXHD) Finalizes Letter of Intent

Textmunication Holdings, Inc. (OTCMKTS:TXHD) finalized a Letter of Intent to buy up to 19 QSR sites under Textmunication Holdings, Inc. It will add a new subsidiary for creating a vehicle to buy brand-name QSRs.

The details

Textmunication will be split into two operating firms: SMS and QSR. Each QSR will use the SMS solution developing synergy between the two segments. The business association between company and FBN permits for future acquisition deals of QSRs after the preliminary tranche of restaurants are obtained. FranBizNetwork has over 20 years of experience in franchise business brokerage. Headquartered in Northern California, FranBizNetwork has access to some of country’s leading QSRs and works as a liaison between the franchise community and prospective buyers of listed commercial assets.

Wais Asefi, the CEO of Textmunication, said that they recently took the decision to include QSRs to their holding firm. The combination of QSR and SMS creates a strong firm using the strength of each firm’s core capabilities. Their ultimate objective is to create a holding firm of strong QSRs who purposefully use prominent SMS communication platform.

The Letter of Intent calls for a due diligence period between the two firms over the subsequent 45 days to close the discovery and completion of the first set of QSRs. It will close financial disclosure once the deal is completed.

Textmunication is a web mobile marketing base service provider that assists martial arts studios and health clubs communicate with members by enabling them to engage member retention, create new business and build loyalty via a non-intrusive, value included medium. It connects associates to the content they want through any mobile sets for studio events and health clubs, as well as promotions. Customers can send up-to-date offers, member alerts, discounts, PT schedules, events or any other tailored campaign. In the last trading session, the stock price of TXHD declined over 6% to close at $0.0032.

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