LAS VEGAS, NV--(Marketwired - Mar 27, 2014) - Advanced Content Services, Inc. (OTC: ADCS) is pleased to announce that it has acquired New Wave Prepaid Solutions, Inc., a dynamic creator of innovative prepaid products for consumers and retailers.
Currently, New Wave Prepaid Solutions owns CannabisCard™, created to offer solutions in the Legalized markets of recreational and medical marijuana, and also SchoolFuel™, a groundbreaking fundraising solution for schools and universities.
In addition to the CannabisCard™ program under development, New Wave Prepaid has also acquired a suite of domains toward becoming a widely recognized force in the payment solutions market for legalized use of medical and recreational marijuana. Domains, to name a few, include, www.cannabisdebitcards.com, www.cannabiscredits.com and www.cravingcannabis.com .
As recently reported by GIA, "The prepaid cards market has been forecast to reach a value of US$2.1 trillion by 2018, driven by the rising demand from unbanked consumers and the financial services sector."
ADCS CEO, Thomas Wolff, states, "We are delighted with the prospects this acquisition brings Advanced Content Services and its shareholders. New Wave prepaid solutions has created valuable IP behind highly marketable products in this space and revenues are imminent upon strategic launch of its brands."
Steve Devine, CEO and Director for New Wave Prepaid Solutions, states, "We're thrilled with the opportunity Advanced Content has provided us toward building significant shareholder value with our brands."
Advanced Content Services has also entered discussions with a merchant services company catering directly to medical marijuana dispensaries nationwide, toward an acquisition and/or joint venture on multiple fronts.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward- looking statements to reflect events or circumstances after the date of this release.