Title Consulting Services, Inc. (TITL) General Update on IT Merger
Marketwire “Press Releases”
ST. PETERSBURG, FLORIDA — (MARKET WIRE) — 01/24/11 — Title Consulting Services, Inc. DBA Accu Title Agency (PINK SHEETS: TITL) (http://www.titleconsultingservices.com) is providing the following update on the possible mergers that it is seeking in the high-tech industry.
TITL is looking to diversify and supplement its existing successful business with opportunities in the rising high-tech sector, and it feels that finding a merger candidate in this industry would allow it to do so. The company plans to seek out a candidate in web based software, cloud computing, Software as a Service (SaaS) or similar modern technologies. The company feels that involvement in technology industries is the way of the future, and it would like to further its technological advancements in the insurance industry and offer business diversity. The company expects this diversity to bring additional value to the company and its shareholders, and offer additional source of revenue for the company.
TITL CEO Dustin Secor commented:
“As our title insurance business gains more and more footing in the market, we find that 21st century technologies such as online services offer great opportunities to open new avenues for growth, and even possibilities to improve and streamline our title insurance services and model. There are many opportunities lurking in the online service industry with tremendous income and growth potential, and we don’t want to miss them. We are currently looking at several business scenarios. This is a very exciting time for TITL and we look to expand to this new area soon.”
TITL intends to transform the company into a small conglomerate encompassing real estate, technology and possibly other sectors as opportunities present themselves