ST. PETERSBURG, FLORIDA--(Marketwire - 01/24/11) - Title Consulting Services, Inc. DBA Accu Title Agency (PINK SHEETS:TITL - News) (http://www.titleconsultingservices.com) is providing the following update on the possible mergers that it is seeking in the high-tech industry.
TITL is looking to diversify and supplement its existing successful business with opportunities in the rising high-tech sector, and it feels that finding a merger candidate in this industry would allow it to do so. The company plans to seek out a candidate in web based software, cloud computing, Software as a Service (SaaS) or similar modern technologies. The company feels that involvement in technology industries is the way of the future, and it would like to further its technological advancements in the insurance industry and offer business diversity. The company expects this diversity to bring additional value to the company and its shareholders, and offer additional source of revenue for the company.
TITL CEO Dustin Secor commented: "As our title insurance business gains more and more footing in the market, we find that 21st century technologies such as online services offer great opportunities to open new avenues for growth, and even possibilities to improve and streamline our title insurance services and model. There are many opportunities lurking in the online service industry with tremendous income and growth potential, and we don't want to miss them. We are currently looking at several business scenarios. This is a very exciting time for TITL and we look to expand to this new area soon."
TITL intends to transform the company into a small conglomerate encompassing real estate, technology and possibly other sectors as opportunities present themselves.
News and updates on these developments will follow shortly.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Title Consulting Services, Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. Title Consulting Services, Inc. cautions you that any forward-looking information provided by or on behalf of Title Consulting Services, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Title Consulting Services, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Title Consulting Services, Inc.'s control. In addition to those discussed in Title Consulting Services, Inc.'s press releases, public filings, and statements by Title Consulting Services, Inc.'s management, including, but not limited to, Title Consulting Services, Inc.'s estimate of the sufficiency of its existing capital resources, Title Consulting Services, Inc.'s ability to raise additional capital to fund future operations, Title Consulting Services, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Title Consulting Services, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Title Consulting Services, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
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