LIMA, OHIO--(MARKET WIRE)--Apr 23, 2008 -- Advanced Content Services, Inc. (Other OTC:
ADCS.PK -
News) CEO S.
Shawn Spahr announced today that the Company has set final
terms to acquire an office building located at 1046 North
Jefferson Street
in Lima, Ohio.
Spahr commented, "Acquiring this building is an additional
step in building
value for our shareholders. It is the desire of the Company
to project a
message of permanence to all of our shareholders, thus the
significance of
acquiring, rather than leasing, a building for our corporate
headquarters.
ADCS is committed to building value for the Company's shareholders.
"The office building consists of approximately 1680 sq.
ft. of office and
1560 sq. ft. of warehouse space, totaling approximately
3240 square feet of
commercial real estate with an estimated value of $300,000.
The Company
was able to negotiate very favorable terms and renovation
of the property
to properly meet our requirements for growth will begin
promptly. This
headquarter location will assist to serve the anticipated
needs for VStarr
operations, therefore the Company will be able achieve growth
as we expand
the entire ADCS business model."
The company's major initiative is to develop and launch
an interactive
online talent competition. The Company anticipates having
worldwide
audience appeal and participation. The concept of an Internet-based
talent
contest will include the platform provided by Second Life,
a 3-D virtual
world.
Spahr further commented, "We are under a very intense schedule
to have the
website up and running so that auditions for the VStarr
contest can begin.
The entire ADCS team is working diligently and operating
under extremely
strict deadlines to achieve company goals. As part of our
overall growth
strategy, ADCS has retained New Opportunity Business Solutions,
Inc. as our
financial advisor and communications liaison. Brian Kistler,
President of
New Opportunity Business Solutions, has 20 years experience
in the
financial services field and his connections in the area
of corporate
finance will be of great benefit to our company. Mr. Kistler
will be
assisting ADCS with corporate communications in addition
to areas of
corporate finance."
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.