ADVANCED CONTENT SVCS INC ; geht bald ab

Advanced Content Services, Inc. Announces CEO Appointment, Liability Reduction and Target Acquisition Initiatives
Date : 03/12/2014 @ 9:20AM
Source : Marketwired
Stock : Advanced Content Services, Inc. (PC) (ADCS)
Quote :  0.0004  0.0 (0.00%) @ 8:00AM

 
Advanced Content Services, Inc. Announces CEO Appointment, Liability Reduction and Target Acquisition Initiatives
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Advanced Content Services, Inc. (PC) (USOTC:ADCS)
Intraday Stock Chart
Today : Wednesday 12 March 2014
Advanced Content Services, Inc. Announces CEO Appointment, Liability Reduction and Target Acquisition Initiatives
FORT WAYNE, IN--(Marketwired - Mar 12, 2014) - Advanced Content Services, Inc. (OTC: ADCS) announces today it has settled an additional $134,236.14 in liabilities for a total of $234,236.14 settled in Q1 2014. Additionally, company executives have agreed that there will be no increase in authorized shares of Common Stock for the foreseeable future as it continues work to strengthen fundamentals together with acquisition initiatives. Preferred Shares and with potential combination of cash will be used to consummate prospective acquisitions in addition to the initiation of potential Joint-Ventures.
Furthermore, the Company's Board of Directors has elected to appoint Thomas Wolff as CEO of the Company; the appointment will be formalized within the week. Mr. Wolff has received certification in International Trade and Finance and has a strong background in wholesale purchasing and sales, import-export, and consulting for companies worldwide across a diverse base of industry sectors.
Mr. Wolff's primary concentrations, in addition to the overall general directive to increase shareholder value, will be to seek out and close attractive joint ventures and operate the impending acquisition target in pre-paid and specialized payment solutions.
In addition to the recently announced negotiations with a Payment Solutions and Merchant Services holding company, Company executives have received interest from a merchant services company with capabilities extending to high-risk markets such as adult entertainment, online pharmacies, online casino/gaming, travel, replica, online dating and marijuana industries.
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

 

Advanced Content Services, Inc. Announces Impending Merger, Corporate Initiatives Toward Growth in Shareholder Value
Date : 03/10/2014 @ 12:43PM
Source : Marketwired
Stock : Advanced Content Services, Inc. (PC) (ADCS)
Quote :  0.0004  0.0 (0.00%) @ 5:00PM

 
Advanced Content Services, Inc. Announces Impending Merger, Corporate Initiatives Toward Growth in Shareholder Value
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Advanced Content Services, Inc. (PC) (USOTC:ADCS)
Historical Stock Chart
1 Month : From Feb 2014 to Mar 2014
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

 

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