ST. PETERSBURG, FLORIDA--(Marketwire - 03/22/11) - Title Consulting Services, Inc. (PINK SHEETS:TITL - News) (www.titleconsultingservices.com) subsidiary PresentAll is pleased to announce that version 3.1 of its web-conferencing software will include upgrades to cloud computing.
Version 3.1 will be a major upgrade from the existing PresentAll web-conferencing release (version 3.0). Upgrades to version 3.1 include porting to cloud computing, which will provide substantial benefits to both the company and consumers because it will eliminate current bandwidth limitations and the need for additional server capacity. It will substantially reduce PresentAll's costs and provide more stability within the product, while enhancing its ability to accommodate a significant number of simultaneous users. PresentAll will also be able to expand much faster into Spanish-speaking and European markets.
Consumers will benefit by being able to hold larger meetings without advance notification. Version 3.1 will also include an enhancement in security measures and to the firewall, which will better serve and protect current and future clients.
PresentAll's meeting recording feature will be updated as a result of porting to cloud computing. Recorded meetings will be stored through cloud hosting and be available for replay on demand. This will significantly cut storage costs and provide more reliability to clients. Meeting hosts will be able to download files in an easy-to-edit format.
TITL's merger with PresentAll, combined with two other impending mergers with companies that specialize in creating applications for smartphones and mobile Internet devices which are expected to close within 90 days, are part of TITL's strategy to become a real estate and technology conglomerate.
Updates on all all developments within the fast moving company will follow shortly.
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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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