Delray Beach, FL, Dec. 19, 2013 (GLOBE NEWSWIRE) -- Protext Mobility (OTCQB:TXTM; "Protext Mobility" or the "Company"), a solutions developer of innovative and trusted applications to the mobile communications market today issued a Letter to Shareholders from CEO, Steve Berman.
Dear Fellow Protext Shareholders,
As 2013 comes to a close and we enter the New Year, we are optimistic about our prospects for 2014. There has been a tremendous amount of work completed during the last 6 months and we feel strongly that distribution and revenue producing opportunities will be executed in the very near term. As such, we have scheduled an investor conference call for Tuesday January 7th to discuss 2014 plans, initiatives and further details on the recently announced partnership with Waggoner.
Over recent weeks, we have spent a great deal of time developing distribution and sales opportunities within the Automotive-Dealer channel. We are working closely with the Owners, Gm's and Finance Managers of multiple large Auto-dealer groups that represent in excess of several dozen individual new and used car dealerships. In fact, to date, we have numerous trials underway with various prominent NY based Auto-dealer Groups which we believe will result in our distracted driving solution being sold direct to consumers at the dealerships with a revenue model that pays the Company up front for a multi-year user license.
Our recent announcement with Waggoner highlights an important and unique point of distribution for the Company's DriveAlert product offering. In exchange for a modest revenue share, Protext gets the benefit of a seasoned executive team within the insurance space, along with a support staff, both of which would traditionally take significant time and substantial resources to duplicate. I have spent time in Canada with the team and we have already hit the ground running with traction on several opportunities. Separately, but also within the insurance vertical, we have been in discussions with a mid-sized, U.S. based, Insurance Carrier who deals mostly with fleets in the Enterprise market. We anticipate launching a trial with the carrier at the start of the year, as well as commencing a pilot program with up to two corporate accounts representing several medium sized fleets.
In conclusion, we want to offer our thanks to all those involved with furthering the company along during the past year including advisors, partners and Board of Directors. We appreciate your continued support as well as that of our stakeholders, and wish all the very best success for 2014. The Company will provide further conference call details after the New Year's holiday.
About Protext Mobility, Inc.
Protext Mobility (OTCQB: TXTM) develops innovative applications and trusted solutions for consumers and businesses operating in the mobile communications marketplace. The Company's mobile communications service offering provides consumers with mobile solutions to monitor text activity and curb device usage while driving, as well as businesses solutions' to help manage mobile communications activities amongst employees. Protext Mobility markets its services under the SafeText, DriveAlert and CompliantWireless brands. For more information on the Company and its suite of mobile solutions for consumers and businesses, please visit www.protextmobility.net
Disclaimer: The press release may include certain statements that are not descriptions of historical facts but are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are identified by words such as "may," "expects," "believes," "anticipates," "intends," "projects," or similar terms, variations of such terms or the negative of such terms and include statements regarding the potential impact of our new Drive Alert solution and the market opportunity for our new Drive Alert solution. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein including the inability of our new Drive Alert solution to have the desired impact on the reduction of driving injuries. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectation and actual results may vary (perhaps materially) from certain of the results anticipated herein. The Company has no obligation to update these forward-looking statements.