LAS VEGAS, NV--(Marketwired - May 13, 2014) - Adva
Post# of 52
Posted On: 05/13/2014 3:30:21 PM
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.
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.
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