[ACCESSWIRE]
PLEASANT HILL, CA / ACCESSWIRE / October 25, 2017 / Textmunication Holdings, Inc. (OTC PINK: TXHD.OB), a cloud-based mobile SMS marketing platform provider, released a Subscription Agreement (“Agreement”) to several accredited investors for a minority ownership stake in Textmunication.
Textmunication is seeking working capital for both software development and marketing to expand its market share in the SMS mobile marketing sector. The Agreement offers a turning point for Textmunication as it moves away from convertible financing into equity investment from investors who have influence in the mobile marketing sector.
Textmunication has positioned itself for this type of investment with steady revenue increases, note settlements and overall debt reduction. Revenue increases in 2017 of 259% in Q1 and 298% in Q2 have attracted investment interest from accredited investors.
“We’ve made a strategic decision to raise capital through equity financing rather than convertible notes,” stated Textmunication CEO, Wais Asefi. “We’ve reached a stage in
Article source: http://www.baystreet.ca/viewarticle.aspx?id=478873
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