|By Marketwired .||
|May 13, 2014 12:07 PM EDT||
LAS VEGAS, NV -- (Marketwired) -- 05/13/14 -- 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.
About Advanced Content Services, Inc. / New Wave Prepaid Solutions
Advanced Content Services is a Holding Company focused in electronic payment services and solutions. It's wholly owned subsidiary, New Wave Prepaid Solutions, is in development of its flagship products. The company strives to be a leading contender in the issuance of prepaid solutions and services that are both highly marketable and with socially conscious profitability.
For more information see www.advancedcontentinc.com
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.
Advanced Content Services, Inc.