CARSON CITY, NV, Dec. 13, 2017 (GLOBE NEWSWIRE) -- Turbo Global Partners (TRBO) (OTC PINK: TRBO), has announced the acquisition of Alpha Life Foundation, Inc. (ALPHA) a California 501 (c) (3) domestic nonprofit. The terms of the acquisition were not disclosed.
“This is yet again an exciting milestone for TRBO,” states Robert W. Singerman, TRBO’s Chairman & CEO. He continues, “In our pursuit to generate long-term renewable predictable cash-flow for ourselves and clients, the acquisition of ALPHA fits our strategy of tactical acquisitions that can maximize the marketing synergies of TRBO.”
Henry Marx, ALPHA’s CEO says, “As a wholly-owned subsidiary of TRBO, we will be able to access the world-class storytelling within the TRBO marketing offerings to catapult our reach to the next level and better showcase our work, which since 2000, has spanned charitable giving initiatives from pets to cancer awareness, autism to community advocacy.”
According to the Urban Institute (www.Urban.org) approximately 1.41 million nonprofits were registered with the Internal Revenue Service (IRS) in 2013, an increase of 2.8 percent from 2003. The nonprofit sector contributed an estimated $905.9 billion to the US economy in 2013, composing 5.4 percent of the country’s gross domestic product (GDP). Of the nonprofit organizations registered with IRS, 501 (c) (3) public charities accounted for just over three-quarters of the nonprofit sector’s revenue and expenses ($1.73 trillion and $1.62 trillion, respectively) and more than three-fifths of nonprofit assets ($3.22 trillion) in 2013. In 2014, total private giving from individuals, foundations, and businesses totaled $358.38 billion, an increase of just over 5 percent from 2013 after adjusting for inflation. According to Giving USA (2015), total charitable giving rose for the fifth consecutive year in 2014. After adjusting for inflation, this is the first year to exceed the previous peak set before the recession in 2007 ($355.16 billion in in 2014 dollars).
Singerman explains, “We already are innovators in the nonprofit sector with our portal www.OrgAmerica.org where currently we present two (2) web television telethons spotlighting our featured global non-profits. Our telethon for Airline Ambassadors International, Inc. ("AAI" www.AirlineAMB.org), the only NGO representing the airline industry at the United Nations, our produced telethon is awakening the world to the magnitude of human and child trafficking, and at the same time presents solutions to get involved, download AAI's Tipline app, as well as pleas to support AAI via our mobile pledge campaign. The 2nd telethon is for the benefit of Thinking Mom’s Revolution (www.TeamTMR.org), comprised of an estimated 1 million mothers and a few fathers around the world. Using the 90-minute telethon produced by TRBO's subsidiary Turbo Communications, Inc., the storytelling is helping awaken the world to autism-spectrum disorders and more importantly showcase the solutions that have been discovered by the TMR community. Org America receives twenty percent (20%) under a revenue-share model with the non-profits to produce the telethon, implement a mobile pledge campaign and provide marketing for the nonprofits resulting in long-term renewable predictable cash-flow for both the nonprofits and TRBO.” Singerman continues, “The first order of business is to change the name of ALPHA to Org America, which will result in a nonprofit vertical that is a bona fide nonprofit.”
About TURBO GLOBAL PARTNERS, Inc. www.TurboGlobalPartners.com
TRBO is a marketing consulting services company that generates long-term predictable renewable cash flow anywhere in the world for itself and client companies. Core services include television and video production; mobile technology, traditional and digital marketing, branding, and world-class professional storytelling.
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Source:Turbo Global Partners, Inc.