New York, March 21, 2018 – Telecorp, Inc. (OTC Markets: TLNUF) (“Telecorp” or the “Company”) is an emerging investment company that is centered around investments in hard assets, financial services, technology, product and distribution, and management consultancy. The addition of the this international GDPR consulting and custom development practice further expands the Soft Smart 2.0 offerings.
General Data Protection Regulation (GDPR) is a EU directive (95/46/c) that goes into full effect on May 25, 2018. Any financial services company in the United States that conducts business with EU residents will need to prove compliance will the EU General Data Protection Regulation. The European Country Supervisory Authorities and regulators will enforce compliance of businesses organizational structure, process, technology and reporting capabilities. Any company that has a physical presence in the EU or are located outside of Europe, but offer services to EU residents both online and at physical locations will need to be in compliance.
Jason Cataldo, CEO of TLNUF, said, “Small-to-medium business can now use Soft Smart 2.0 GDPR consulting services as a complete compliance service team to address specific mandates required of the EU GDPR. This service is a leap forward in further bringing Soft Smart 2.0 to the global marketplace.”
Soft Smart 2.0 brings a complete package of tools to help with certain GDPR requirements. The expert compliance team reviews, and evaluates all systems and devices for unencrypted personally identifiable information (PII) of EU citizens, provide consulting on becoming GDPR compliant, assists on implementing findings to becoming GDPR compliant.
The GDPR directive allows for all 28 EU member states, to have a consistent data protection policy. Fines for non-compliance can reach up to €20 million (or 4 percent of gross annual turnover).
To learn more about the General Data Protection Regulation consulting services please visit http://telecorpdigital.com. You can also keep updated with other news and information by following us at http://twitter.com/tlnuf.
About Telecorp Inc.
Telecorp, Inc. is a North American emerging technology company headquartered in New York, New York, with operations in over six countries. The company was formally incorporated on April 13, 2009 in the Province of Ontario, Canada.
Since 2016, Telecorp has shifted its business focus and strategy to pursue acquisitions in Hard Assets, Financial Services, Technology, Product/Distribution and Management Consultancy. As a part of this business transition, The Company began screening a number of potential acquisitions that would broaden services, products and talent into the Company.
Companies that will be considered for acquisition are required to have one of 3 main qualities: they must be progressive and established in the global marketplace, they are built upon innovative ideas and backed with real asset value, or they must be able to scale both quickly and profitably.
Telecorp's planned investments are in the categories of hard assets including commercial real estate, hard asset trading and gold and silver exchanges, production and distribution with advertising, ad-tec optimization, fashion production and product, fashion analytics and sales, artist and event management, technology focused in financial technology, trade predictive software, artificial intelligence, blockchain technology and bio-technology, financial services centered in credit unions, asset management, and private and public investment interfaces, among others.
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:
Telecorp Inc.
Investor Relations E: ir@telecorpdigital.com
T: +1-(917)-397-0750