SOURCE: Advanced Content Services, Inc.

March 05, 2008 15:34 ET

Advanced Content Services Announces Funding Secured and No Regulation D Filing Necessary

LIMA, OH--(Marketwire - March 5, 2008) - Advanced Content Services, Inc. (PINKSHEETS: ADCS) CEO S. Shawn Spahr announced today that the company has secured private funding and is able to begin the major initiative to develop and launch the interactive online talent competition.

Spahr commented, "This step is extremely important as the company has received a commitment to fully fund all of our initiatives in our business model. The Company anticipates having worldwide audience appeal and participation and as such will need the stability of a partner like we have been able to secure. It was almost a slam dunk, once the program was fully laid out and the alliances we have developed were identified. Involving the Second Life platform and the commitment to fully fund this project allows our vision now to move forward at a much faster pace."

Spahr further commented, "Additionally, as a result of this major development, I am extremely please to announce that the company will not have the need to participate in a Regulation D filing at any time within the near future since all initiatives have received a commitment to be fully funded. I am happy to further report that the current share structure is such that I see no need to contemplate a reverse split. I hope to have more information available to the shareholders and would encourage everyone to keep watching for and visit our website (under construction) that will be updated often to reflect the new initiative and detail of the contests. I appreciate the confidence that has been extended to me and commit to doing my best to build a team that will make us all proud."

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.
    P.O. Box 336
    Lima, Ohio 45802-0336

    S. Shawn Spahr
    (419) 224-ADCS (2327)