SOURCE: Advanced Content Services, Inc.

March 21, 2008 13:37 ET

Advanced Content Services Announces PinkSheets.com Upgrades Status and Joint Venture Agreement Signed

LIMA, OH--(Marketwire - March 21, 2008) - Advanced Content Services, Inc. (PINKSHEETS: ADCS) announced today that CEO S. Shawn Spahr has submitted to PinkSheets.com the company information that qualified the company rating to be raised several levels to "Yield Limited Information": http://www.pinksheets.com/pink/quote/quote.jsp?symbol=adcs

Spahr commented, "The last 2 weeks have been just full of progress. The Company has actively worked with PinkSheets.com to update the information to become in good standing and quoted once again on PinkSheets.com. This is a major advance for the company and is just the beginning for ADCS to be as transparent as possible as we grow. Team ADCS is committed to bringing value to our shareholders, and I am confident that given some time to execute our plan everyone will be pleased."

Spahr further commented, "I am extremely happy to officially announce the Joint Venture with VStarr. VStarr is the brain child for the whole talent contest project, and through the course of the last 2 weeks I have been able to negotiate the terms of the agreement in which I am confident will make the shareholders of the Company very pleased over time. The operations and all technology rights will be in the control of ADCS, as we work closely with all the alliances we have established to date. As I mentioned in prior releases, this is a major project and one that will take the cooperation of many parties; however, with VStarr involved, it takes us light years ahead of where we were just 2 weeks ago. The websites will be a major point of information. The level of sophistication and technology will require a great deal of effort, so I would ask everyone to be patient as this unfolds. We hope to begin taking auditions early in the second quarter, which is just around the corner, so we have our work cut out for us."

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