Textmunication Holdings, Inc. (OTCM: TXHD) ("Company"), a cloud-based communication technology holding company, announced today an update to shareholders regarding the progress of its strategic growth plans and technology initiatives. The Company is looking to acquire cannabis wellness lifestyle companies and bring them into the holding company. Global Wellness Institute states the wellness market is a $4.2 trillion-dollar industry and the Company wants to position the holding company to participate in this market.
On June 25, 2019, a press release (PR) was issued detailing the Company's intention to pursue this business segment by targeting assets and acquisitions geared towards products, branding and retail. The Company would like to clarify a couple of key points from this PR. The texting operation of Textmunication will remain inside the holding company and provide direct and instant communication to the health, fitness and wellness lifestyle markets.
The Smart Automated Messaging (SAM) platform is currently servicing these markets and due to the similarities in these segments, the Company feels the SAM platform can add greater value by remaining inside the holding company by offering the subsidiaries an effective mobile communication tool. The goal of the holding company is to continue to expand its texting mobile marketing reach in health and fitness, while pursuing a singular Wellness Lifestyle strategy.
The curent Textmunication leadership and advisory teams will remain in place. As potential new companies are brought into the holding company, there could be leadership changes - or additional officers, advisors and Board members, but at the current time, there are no plans for changes. Textmunication will announce additional updates as material events are finalized.
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About Textmunication Holdings, Inc.
Based in Silicon Valley, Textmunication Inc. is a leading mobile marketing solutions provider to more than a thousand clients across North America. An early adopter of next-generation text message protocol Rich Communication Services (RCS), the Company currently leverages its proprietary SMS software platform to deliver robust APIs and integrated solutions to a diverse range of end users including health and fitness facilities, beauty salons, sporting events, hospitality organizations, entertainment and digital marketing firms. Committed to ongoing innovation, Textmunication was recognized by CIO Review Magazine as one of the "Top 20 Most Promising Digital Marketing Solution Providers" of 2018. For more information: www.textmunication.com
Safe Harbor Provision:
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect Textmunication Holdings' current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in Textmunication Holdings' filings with the Securities and Exchange Commission. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and any document referred to in this press release.
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