Advanced Content Services, Inc. Announces Acquisition of New Wave Prepaid Solutions, Inc., Includes Cannabis Card(TM) & Schoo...
27 Mars 2014 - 4:26PM
Marketwired
Advanced Content Services, Inc. Announces Acquisition of New Wave
Prepaid Solutions, Inc., Includes Cannabis Card(TM) and
SchoolFuel(TM)
LAS VEGAS, NV--(Marketwired - Mar 27, 2014) - Advanced
Content Services, Inc. (OTC: ADCS) is pleased to announce that
it has acquired New Wave Prepaid Solutions, Inc., a dynamic
creator of innovative prepaid products for consumers and
retailers.
Currently, New Wave Prepaid Solutions owns CannabisCard™,
created to offer solutions in the Legalized markets of recreational
and medical marijuana, and also SchoolFuel™, a groundbreaking
fundraising solution for schools and universities.
In addition to the CannabisCard™ program under development, New
Wave Prepaid has also acquired a suite of domains toward becoming a
widely recognized force in the payment solutions market for
legalized use of medical and recreational marijuana. Domains,
to name a few, include, www.cannabisdebitcards.com,
www.cannabiscredits.com and www.cravingcannabis.com .
As recently reported by GIA, "The prepaid cards market has been
forecast to reach a value of US$2.1 trillion by 2018, driven by the
rising demand from unbanked consumers and the financial services
sector."
ADCS CEO, Thomas Wolff, states, "We are delighted with the
prospects this acquisition brings Advanced Content Services and its
shareholders. New Wave prepaid solutions has created valuable
IP behind highly marketable products in this space and revenues are
imminent upon strategic launch of its brands."
Steve Devine, CEO and Director for New Wave Prepaid Solutions,
states, "We're thrilled with the opportunity Advanced Content has
provided us toward building significant shareholder value with our
brands."
Advanced Content Services has also entered discussions with a
merchant services company catering directly to medical marijuana
dispensaries nationwide, toward an acquisition and/or joint venture
on multiple fronts.
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 Advanced Content Services, Inc.
702-582-8663 info@advancedcontentinc.com
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