SOURCE: Advanced Content Services, Inc.

March 13, 2008 10:00 ET

Advanced Content Services Clarifies Items of Interest

LIMA, OH--(Marketwire - March 13, 2008) - Advanced Content Services, Inc. (PINKSHEETS: ADCS) announced today that CEO S. Shawn Spahr would like to take an opportunity to clarify some items of interest that appear to have caused some potential confusion with shareholders.

Spahr commented, "When the ADCS shell was purchased there were some outstanding potential liabilities with the shell that had not been adequately disclosed nor discovered during the new management's Due Diligence phase. These potential liabilities are being dealt with aggressively."

The Company is actively working with Pinksheets.com to update the information to become in good standing and quoted once again on Pinksheets.com, perhaps as early as the end of this week. Pinksheets.com previously moved ADCS to its list of companies under the designation 'caveat emptor' due to previous management's proclivity for frequent name changes.

The company would like to address shareholder questions regarding previous management by stating very clearly that Paul Taylor, nor Robert Cotton, have any continued role or relationship with ADCS, either directly or indirectly through any form of nominee entity or organization. Any previous associations between the company and Taylor or Cotton have been terminated. Additionally, rumors that have circulated regarding a company named Signature Leisure being involved with Advanced Content Services past or present are false and misleading.

Spahr continued, "The Company has been contacted by a number of shareholders via email and telephone expressing areas of concern on such items of interest, so I wanted to take this as an opportunity to clearly state that there is no association between the company or any of these individuals or entities. As CEO of the company, I am in firm control of the operations of ADCS and any speculation to the contrary is both misplaced and unfounded."

The current share structure of common stock for the company is 470 million shares of common stock authorized with 223,663,681 shares issued and outstanding.

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 its 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
    President/CEO
    (419) 224-ADCS (2327)
    www.adcsps.com