$EXAD: NICE 8K OUT.. ITEM 7.01 Regulation F
Post# of 103015
ITEM 7.01 Regulation FD Disclosure
Experience Art and Design – BDCI Operation update.
EXAD is pleased to announce our CEO has received a proposal from Wells Fargo, which includes a total of $325,000 in financing to complete its second acquisition. Wrapped within the financing is a Line of Credit for $75,000 to cover the first 30 days of operations during the turnover.
The supporting documents needed by the bank to close on the financing have already begun to be returned to the bank from all parties.
Since this will be the second financing by Wells Fargo, a good portion of the supporting documents are already on file.
More updates to follow this week.
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