ST. PETERSBURG, FLORIDA--(Marketwire - 05/02/11) - Title Consulting Services, Inc. (PINK SHEETS:TITL - News) (www.titleconsultingservices.com) is pleased to announce the culmination of nearly a year of searching, three months of negotiating and due diligence resulting in the acquisition of two Smartphone App companies with proven revenues and profits as an entry into a boundless sector. TITL has acquired T3 Apps, LLC and The Best Phone Game Tracker Security Alarm Battery Mirror Flashlight Booth Talking Test Apps Company, LLC ("Best").
TITL is creating a holding company specific for smart phone apps called Action Apps Corporation. Action Apps Corporation, will be a wholly owned subsidiary of TITL and will be an accumulator and developer of smart phone apps, crossing the line between the Apple IPhone and IPad, Blackberry and Android Platforms. TITL has also produced a new website specific to this sector which can be accessed at www.action-app.com.
"Our current acquisitions will give us a strong entry point into this new and exciting sector. The acquisition of T3 and Best is much more than just the apps that these companies have developed. The founders of both companies worked at the forefront of the app industry, have a tremendous working knowledge of the industry, and know how to be profitable in this industry." commented Mr. Secor.
"I'm excited to match marketing expertise and knowledge of the industry with the fire power and management of a publicly traded company" stated Mr. Mureta, founder. "Also, Mr. Tayfun Karadeniz, founder, was instrumental at spearheading the technical vitality and growth of both companies
"This is just the beginning, and a great match for future expansion in a hot industry," said Mr. Karadeniz.
T3 and Best have co-developed proprietary software that allows seamless integration of cross company and cross App marketing advantages. With over 5,100,000 downloads and users, any new version release or new App release is immediately marketed to this existing base of users and followers, and provides an instant marketing opportunity for all new developments to keep users excited and up to date on all the new products available to them.
Recently, T3 introduced its newest entertainment app: Harbor Madness. Within 3 days of its debut, this app catapulted into the top 100 overall (paid apps), and ranked 11th in the entertainment category in the US app store. Other apps by the two companies have enjoyed similar success with one of them reaching top 50 overall (paid), top 10 overall (free) and 5 reaching top 25 (paid) in the Entertainment category. Best has also just introduced an additional 8 new apps to Apple and expects approval within the next 2 weeks.
Much the same as every company needed a website a number of years ago, every company with a website now needs the migration of their information and portals into the mobile App sector and we see this as an emerging market that has the opportunity to explode.
There are multiple profit opportunities within this immediate sector:
-- Continuation of the existing business and the continuation of development, marketing and cross marketing the existing Apps that are currently successful and producing revenue and profits through sales and advertising revenues.
-- Migration of the successful entertainment line to the Blackberry and Android operating systems.
-- Development of additional entertainment Apps to market to our existing user base as well as improvement on existing Apps for increased sales and profit.
-- Creation of other developments within the Smartphone App sector: Financial, Education, Communications, Real Estate and Other Technologies.
Recruitment of new Smartphone App ideas from the general public who have great ideas but do not have the expertise or the resources to develop their own Apps. Our management team will evaluate the idea and if it we see the opportunity for success, we will develop the App and market the App and pay the "idea person" royalties for the product.
Opportunities to help established businesses migrate from the web-based world to the mobile platform and the development of Apps for existing companies is another avenue of opportunity.
"According to a recently published article by AdMob, 2010 revenue for all Apps was $2.5 Billion. It is projected to substantially increase to $35 Billion by the year 2014, according to IDC. This is an exciting opportunity for our company to launch into a proven growing market, with proven companies, with proven revenues and profits and with unlimited potential", added Mr. Secor, CEO.
Updates on developments regarding TITL's App venture and developments in this field 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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