Advance Content Services, Inc. Enters Financial & Investment Guarantee Sector; to Acquire Aurum Capital Assets with $50,000,...
2011年11月16日 - 11:21PM
ビジネスワイヤ(英語)
Advanced Content Services, Inc. (Pink Sheets: ADCS) is
pleased to announce its board of directors has approved the
acquisition of Aurum Capital Assets, a financial services firm
specializing in Financial and Investment Guarantees. The Company
will add Aurum to its portfolio holdings and will operate as a 100%
wholly-owned subsidiary until such time as it is sold or spun-off
as a separate public company with stock distributions to existing
stockholders.
In conjunction with the transaction, the company will
concurrently spin off its new media operations and re-align its
holding company business model to focus primarily on financial
industry operations. The Company intends this acquisition as the
first of many related capitalized assets and synergistic additions
to its portfolio.
"This transaction, along with other planned similar financial
acquisitions, represents a stunning new future for the company and
its shareholders. Management believes this acquisition and the
realignment of the company’s portfolio strategy delivers
stockholders the strongest path for equity appreciation," states
Mark B. Newbauer, current CEO. Newbauer will step down as CEO and
new Directors will be named.
The Company will not issue new common stock to acquire its
portfolio holdings and has no plans for a reverse split.
Stockholders will retain their same ownership of common stock
without the dilution normally associated with these types of
acquisitions. The Company will issue shares of ADCS Preferred stock
to purchase Aurum.
ADCS will also work to timely update its filings with OTC
Markets to "Current Information" status and will release its
various corporate branding, marketing, and financial portals and
web site in the coming days.
About Aurum Capital Assets
Aurum Capital Assets consolidates international assets to
provide Financial and Investment guarantees and equity
enhancements. The Company's assets are deposited in licensed
brokerage firms or banks throughout the world. The Company earns
revenues from fees paid to purchase its various guarantees. These
fees provide returns its assets and holdings well above typical
market returns. The Company currently has over $50m in
financial assets and has immediate plans to increase this amount
significantly. The firm has operations in Brazil, London,
The Caribbean, and Florida.
Safe Harbor Statement
This release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements contained in this release that are not historical facts
may be deemed to be forward-looking statements. Investors are
cautioned that forward-looking statements are inherently uncertain.
Actual performance and results may differ materially from that
projected or suggested herein due to certain risks and
uncertainties including, without limitation, ability to obtain
financing and regulatory and shareholder approvals for anticipated
actions.
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