Advanced Content Services, Inc. Announces Impending Merger, Corporate Initiatives Toward Growth in Shareholder Value
10 Marzo 2014 - 5:43PM
Marketwired
Advanced Content Services, Inc. Announces Impending Merger,
Corporate Initiatives Toward Growth in Shareholder Value
FORT WAYNE, IN--(Marketwired - Mar 10, 2014) - Advanced Content
Services, Inc. (OTC: ADCS) is pleased to announce finalization of
discussions with a merger candidate with a holding company focused
in the multi-billion dollar payment solutions and merchant services
markets. Parties expect to close on the deal before the end of
Q1 2014.
The target company is currently in development on products
intended to benefit business owners in the ever growing Cannabis /
Medical Marijuana industry.
In line with the anticipated merger, a new CEO with a strong
background in sales, management and marketing, has been identified
and will be announced upon finalization of the new
acquisition. It has been mutually agreed that the Company's
interim CEO, Alex Woods-Leo, is better suited elsewhere.
As well, ADCS execs continue to work toward building overall
shareholder value and investor confidence. The 2013 annual report
is expected to be filed in a timely manner and the Company has
engaged the services of outside legal counsel to address the DTC
deposit chill placed on ADCS in August 2011.
DTCC has responded to initial inquiries and has supplied a
request for information so that it may make a determination as to
whether to lift the deposit chill. A written response,
including legal opinion, will be sent in the coming days, per the
requirements of the letter.
Forward-Looking Statements Certain statements in this news
release may contain forward-looking information within the meaning
of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under
the Securities Exchange Act of 1934, and are subject to the safe
harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and
objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. Technical complications, which may arise, could
prevent the prompt implementation of any strategically significant
plan(s) outlined above. The Company undertakes no duty to revise or
update any forward- looking statements to reflect events or
circumstances after the date of this release.
Contact Investor Relations 260-245-1173
info@advancedcontentinc.com
Grafico Azioni Advanced Oxygen Technolo... (PK) (USOTC:AOXY)
Storico
Da Gen 2025 a Feb 2025
Grafico Azioni Advanced Oxygen Technolo... (PK) (USOTC:AOXY)
Storico
Da Feb 2024 a Feb 2025
