Advanced Content Services, Inc. Announces Shareholder Update on Joint Venture LOI & Reinstatement in Nevada; Further Reduces ...
13 Maggio 2014 - 6:06PM
Marketwired
Advanced Content Services, Inc. Announces Shareholder Update on
Joint Venture LOI and Reinstatement in Nevada; Further Reduces
Liabilities by $78,000
LAS VEGAS, NV--(Marketwired - May 13, 2014) - Advanced Content
Services, Inc. (OTC: ADCS), a Holding company focused in electronic
payment services and solutions, is pleased to announce today that
the State of Nevada has reinstated the corporation as active and in
good standing as a result of recent filings and payments by the
company to become current and active toward meeting its obligations
on the state level and in light of forthcoming ventures and
anticipated successes.
The company, under new management as of the beginning of the year,
recently spent just under $10,000 with the Secretary of State for
Nevada to ensure corporate integrity as part of its overall
strategy to build a strong company with credibility, transparency
and substantial success in the prepaid markets industry.
"As shareholders are aware, we have recently signed an LOI with an
established service and equipment provider to the legalized medical
marijuana industry in Colorado with a detailed strategy for
aggressive expansion," states CEO, Thomas Wolff. "We have an
excellent team that has worked diligently to harvest impactful
relationships and negotiations for additional strategic
partnerships and acquisitions and, as management, we are proud to
have declined any offer for financing at a discount to market.
Further, the company has settled an additional $78,000 in debt
toward improving our balance sheet in preparation for positive cash
flows."
The company is finalizing details on the Joint Venture and is
excited to announce that a third venture candidate has stated
material interest in teaming up with the companies, using its
strength to further benefit the JV and exponentially increase
potential for successful market penetration.
"We expect to have a fully executed Joint Venture agreement with
plans for a Board meeting in Denver, Colorado with all involved,"
concludes Wolff.
About Advanced Content
Services, Inc. / New Wave Prepaid Solutions
Advanced Content Services is a Holding Company focused in
electronic payment services and solutions. It's wholly owned
subsidiary, New Wave Prepaid Solutions, is in development of its
flagship products. The company strives to be a leading contender in
the issuance of prepaid solutions and services that are both highly
marketable and with socially conscious profitability.
For more information see www.advancedcontentinc.com
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.
Advanced Content Services, Inc. Thomas Wolff CEO 702-582-8663
Info@advancedcontentinc.com
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