Advanced Content Services, Inc. Announces CEO Appointment, Liability Reduction and Target Acquisition Initiatives
12 Mars 2014 - 2:20PM
Marketwired
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
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