SOURCE: Advanced Content Services, Inc.; New Wave Holdings, Inc.

Advanced Content Services, Inc.; New Wave Holdings, Inc.

December 17, 2014 16:36 ET

Advanced Content Services, Inc. Announces Name and Symbol Change, 200:1 Stock Restructure Toward Seasoned Executive Team, Private Financing and Product Launch

LAS VEGAS, NV--(Marketwired - Dec 17, 2014) - New Wave Holdings, Inc., fka Advanced Content Services, Inc. (OTC: ADCSD), a Holding company focused in electronic payment services and solutions, has reduced its authorized common stock to 985mm shares and restructured its outstanding common stock 1 for 200.

The move was approved by the Company's Board and CEO as a continuance of strategy to fund company objectives and improve its capital structure alongside an immediate agenda that includes hiring new leadership executives with extensive experience in the prepaid and payment services industry to guide the Company and its products to launch with sustainable revenues toward growth.

Details are as follows:

  • 1-200 Reverse Split
  • Pre-Split TSO: 4,836,563,681
  • Post-Split TSO: 24,182,818
  • New Name: New Wave Holdings, Inc.
  • New CUSIP: 64913Q104
  • New Symbol: NWAV *New Symbol will not be effective for 20 business days
  • Daily List Announcement Date: 12/05/2014

Market Effective Date: 12/08/2014

As a result of the stock split, every 200 shares of issued Advanced Content Services, Inc. common stock will be combined into one share of common stock; fractional shares will be rounded to the next whole number. Shareholders who hold their shares in brokerage accounts or "street name" will not be required to take any action to effect the exchange of their shares. Holders of share certificates will receive instructions from the Madison Stock Transfer.

As well, FINRA has approved the Company's application for a name and symbol change, to better reflect the long-term goals and overall domain. The actions were deemed effective by FINRA on December 8, 2014 and 20 business days thereafter the Company will trade under the symbol NWAV.

The Company expects to issue a number of announcements in line with recent developments including, new Executive hires, benchmarks leading to the launch of products toward multiple revenue streams and finalization of the GreenStar acquisition by SinglePoint, which execs are confident will immediately enhance the Company's asset base. New Wave is still on track to launch SchoolFuel™ in Q1 2015.

As well, the Company is currently in alliance with Chris Mills' GreenHouse Payment Solutions, LLC toward revenue share on products and services created, co-created, marketed and/or otherwise agreed. 

In the coming weeks, the Company will renew its paid subscription to OTC Markets so it may update its Financials and resume trading as Pink Current. The Company is confident it will achieve this on or before end of January 2015. 

About New Wave Holdings, Inc. 

New Wave Holdings is focused on developing an impactful portfolio of products and services in the electronic payment services and solutions sector. It's wholly owned subsidiary is in development of flagship products including a revolutionary fundraising platform for schools and universities built into a convenient, easy-to-use general-purpose reloadable debit card. New Wave strives to be a leading contender in the issuance of prepaid solutions and services that are both highly marketable and with socially conscious profitability.

Forward-Looking Statements 
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.

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