SOURCE: Techs Loanstar, Inc.; Quture, Inc.

June 28, 2011 09:40 ET

Techs Loanstar, Inc.'s Target Acquisition Company, Quture, Inc., Adds Propheta Communications as Their Public Relations Agency of Record

WEST PALM BEACH, FL--(Marketwire - Jun 28, 2011) - Techs Loanstar, Inc. (OTCQB: TCLN) (PINKSHEETS: TCLN) today announced that its target acquisition company, Quture, Inc. ("Quture") has finalized an agreement with Manhattan-based public relations agency, Propheta Communications to serve as Quture's agency-of-record.

Quture, a Nevada corporation, based in Florida, is in the business of developing electronic products to measure clinical performance for healthcare organizations globally. As announced on April 25th 2011, the parties executed a non-binding Letter of Intent ("LOI") and are moving toward the signing of a definitive merger agreement (the "Agreement"). Pursuant to the terms of the LOI, Techs will acquire one hundred percent of the outstanding common stock of Quture, in exchange for approximately eighty percent (80%) of newly issued restricted stock of Techs, on a fully diluted post-merger basis. The Company's shares will continue to trade under the stock ticker "TCLN" with Quture becoming a wholly owned subsidiary of the parent. After the completion of the merger, Techs will seek to change the stock symbol to reflect the new core operations of Quture. It is the goal of the company to remain a fully reporting company and to rapidly seek an upgraded listing status to either Small Cap Nasdaq or NYSE as soon as it qualifies for such listing.

The Propheta Communications team is comprised of seasoned veterans who understand the interplay between emerging companies like Quture and the mainstream business media. Propheta executives are in the midst of creating a long-term PR plan that will maximize exposure for Quture in relevant news media.

"We chose Propheta Communications based on their prior experience and the strength of their executive team," said Landon Feazell, CEO of Quture. "The Propheta team takes a no-nonsense approach to PR and will help Quture tell its compelling story of the significance of measuring true clinical performance in our transformative tool to healthcare providers, payers, and patients through major national media publications respected by Wall Street and the medical community at large."

Propheta is founded and led by Kevin Mercuri, a twenty year veteran of public relations and related disciplines. The agency offers large agency resources with a small agency focus on clients.

"Our team has demonstrable experience in working with companies like Quture and we welcome the opportunity to promote their amazing service," said Kevin Mercuri, president & founder of Propheta Communications. "We look forward to introducing Quture to every relevant reporter, blogger, producer and more. We will provide a hands-on experience for Quture to build their brands, maintain their reputation and raise awareness through media relations, analyst relations and social media."

About Quture
Quture's mission statement is to become the Gold Standard in Healthcare Performance Measurement. Quture provides healthcare organizations, insurers, government payers, and other stakeholders in the healthcare community with performance measurement tools and data sets. Industry experts agree that these performance measures are the "transformative tool" that reduce medical cost and improve quality of care. Quture's management team has 35 years of experience and a long history of working with many of the nation's leading healthcare institutions as a leader and innovator in measuring clinical performance. Quture plans include developing a revolutionary solution to effectively and efficiently measure clinical performance from multiple vendor databases.

About Techs Loanstar, Inc.
Techs Loanstar, Inc., a Nevada company, was initially organized to provide loan management service and software for the equity and payday loan industry. Upon completion of a Share Exchange Agreement in February 2010, Techs ceased all operations relating to its historical business and adopted the business plan of ZenZuu USA, Inc. ("ZZUSA"). ZZUSA was formed to acquire an exclusive license to use and operate in the United States, an online social database and advertising revenue-share model for the purpose of seeking a business opportunity in the online social network industry.

About Propheta Communications
New York-based Propheta Communications (www.propheta.com) is a full service public relations, marketing communications and social media agency. Propheta specializes in developing and implementing customized PR plans that track back to clients' business objectives through positive, constructive exposure in the news media that creates and maintains our client's brand, enhances sales and generates a long-term return on their PR investment.

Forward-Looking Statements
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law. There is no assurance that a definitive agreement will be completed.

Contact Information

  • For Further Information Contact:
    Constellation Asset Advisors, Inc.
    Jens Dalsgaard
    President
    +1 (415) 524-8500

    For Media and Public Relations:
    Propheta Communications, Inc
    www.propheta.com
    Kevin Mercuri
    President
    (212)901-6914