Telecorp Enters Into Exclusive Negotiations For Strategic Collaboration

BARRIE, Ontario - July 15, 2015 - PRLog -- In Telecorp’s press release dated February 19th, 2015, it was announced that the Company signed a

$300,000 Proposal Agreement to acquire fifty-one percent (51%) of Doozi, a Toronto-headquartered IT development and mobile solutions company. The majority acquisition was never consummated as management of both companies felt it was in each other’s’ best interests to stay independent and to collaborate on specific projects instead.

The Exclusivity Period will last until the execution of a Memorandum of Understanding (“MOU”) or July 30, 2015, whichever is earlier. The Exclusivity Agreement is an initial step towards the proposed MOU to form a collaborative partnership on the development of a contact management application (CMA) of Telecorp’s existing customer relationship management (CRM) software. The application will be designed for mobile devices such as phones, tablets, and smart-watches and, based on the projections made for several stages of development; the CMA is estimated to earn Telecorp $150,000-$200,000 in its first year of sales.

Under the terms of the Exclusivity Agreement, Telecorp will provide to Doozi all information relevant to its CRM software, and arrange for a site visit and tour of its development offices.

“Telecorp has been actively seeking a partner to advance its CRM software to a mobile application. We are excited to have attracted the interest of Doozi with a track record of successfully developing functional applications,” stated Paul Phillips, President and CEO of Telecorp. “Our discussions with Doozi have advanced to the stage that both parties felt it was appropriate to enter into an Exclusivity Agreement in order to negotiate and document the final terms of the MOU. We are eager to conclude and begin the task of advancing functions of our CRM software.”

The complete terms and conditions of the potential MOU are still being negotiated, and there is no assurance that the MOU will be successfully concluded. In addition, the final terms and conditions of the MOU will be subject to approval of the Boards of Directors of Telecorp and Doozi.

About Doozi:

Doozi is a privately held, digital media and mobile solutions company, with a core focus in the development of enterprise mobile applications on all major  mobile platforms. With a total of 10 employees and affiliates, Doozi’s management team consists of young, entrepreneurial but experienced marketing, software development, and finance personnel, with over 15 years combined experience in all aspects of software development.

About Telecorp Inc.

Telecorp is an emerging provider of communication solutions to an array of companies and industries including, automotive, real estate, financial, health, charities, and many more. Telecorp offers creative software solutions for communicating with customers at levels never seen before. A total solution that is not only affordable, but indispensable for any business, no matter the size. Telecorp’s modules allow the best marketing tools, first rate sales acquisition systems, customer communication processes, and drive greater profitability from every interaction, allowing every user to reduce costs and increase productivity at every use.

The Company’s integrated suite of customized solutions includes, but is not limited to: customer acquisition, customer care, automated voice services, emergency communications, conferencing, data management, webinars, customer and hardware support tools, e-mail, fax and text broadcast messaging, direct to voice mail messaging, customized voice messaging, text to speech systems, predictive and progressive dialing, contact management solutions and much more.

Telecorp Inc. was incorporated in Canada in 2009.

Safe Harbor Statement

Except for historic information contained in this release, the statements in this news release are forward-looking statements that  are made pursuant  to the safe harbor  provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management,  raise sufficient capital to execute  its business plan, and effectively compete against similar companies.

For further information, please contact:

Vital Media, LLC

Jonathan Hall

President

(347) 880-5457

contact@vitalmediallc.com

Telecorp Inc.

Investor Relations

investors@telecorp.com

www.telecorp.com