TNCI President Brian Twomey and Agent Alliance CEO Bill Power will host an in-depth review of the recently announced TNCI/Alliance Equity Plan at 3 p.m., Monday, in the Amphitheater at the World Trade Center immediately following the opening general session of the Fall 2008 Channel Partners Conference & Expo. The meeting is open to all attendees of the conference.
The TNCI/Alliance Equity Plan offers participating agents the opportunity to earn an equity share of as much as 9X their monthly billing base. TNCI plans to execute a liquidity event following the close of 2010.
The Agent Alliance, a buying consortium of agents representing more than $300 million in annual billing, has put its selling power behind TNCI because of the company’s 16-year track record, its willingness to partner with the agent community toward mutually beneficial goals and its ability to build a saleable telecommunications company.
“TNCI is uniquely positioned to deliver a high-value transaction based upon the 30-year track record of TNCI’s parent company Trans National Group,” said Twomey. “Others may promise – our history says we can deliver.”
TNCI’s parent company, Trans National Group, has been in the business of starting businesses, managing them to optimal valuation levels and then executing a sale transaction. In its 30-plus years of operation, Trans National Group has started more than 25 businesses and successfully managed and sold many of these businesses.
“As successful agents, we all know how to sell. This plan gives us the ability to come together and generate far greater value by acting toward a common goal,” said Power. “This collective action raises the stakes and enables us to share in the value that is generated when we successfully become a single strategic force rather than just a number of independent sales professionals.”