SOURCE: Advanced Content Services, Inc.

April 23, 2008 09:27 ET

Advanced Content Services Finalizes Terms to Acquire Building to Serve as Corporate Headquarters

LIMA, OHIO--(Marketwire - April 23, 2008) - Advanced Content Services, Inc. (PINKSHEETS: ADCS) CEO S. Shawn Spahr announced today that the Company has set final terms to acquire an office building located at 1046 North Jefferson Street in Lima, Ohio.

Spahr commented, "Acquiring this building is an additional step in building value for our shareholders. It is the desire of the Company to project a message of permanence to all of our shareholders, thus the significance of acquiring, rather than leasing, a building for our corporate headquarters. ADCS is committed to building value for the Company's shareholders.

"The office building consists of approximately 1680 sq. ft. of office and 1560 sq. ft. of warehouse space, totaling approximately 3240 square feet of commercial real estate with an estimated value of $300,000. The Company was able to negotiate very favorable terms and renovation of the property to properly meet our requirements for growth will begin promptly. This headquarter location will assist to serve the anticipated needs for VStarr operations, therefore the Company will be able achieve growth as we expand the entire ADCS business model."

The company's major initiative is to develop and launch an interactive online talent competition. The Company anticipates having worldwide audience appeal and participation. The concept of an Internet-based talent contest will include the platform provided by Second Life, a 3-D virtual world.

Spahr further commented, "We are under a very intense schedule to have the website up and running so that auditions for the VStarr contest can begin. The entire ADCS team is working diligently and operating under extremely strict deadlines to achieve company goals. As part of our overall growth strategy, ADCS has retained New Opportunity Business Solutions, Inc. as our financial advisor and communications liaison. Brian Kistler, President of New Opportunity Business Solutions, has 20 years experience in the financial services field and his connections in the area of corporate finance will be of great benefit to our company. Mr. Kistler will be assisting ADCS with corporate communications in addition to areas of corporate finance."

This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning it expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.

Contact Information

  • Contact:
    Advanced Content Services, Inc.
    S. Shawn Spahr
    (419) 224-ADCS (2327)

    Brian Kistler
    New Opportunity Business Solutions