Advanced Content Services/VStarr Letter to Shareholders: Financial News

Advanced Content Services/VStarr Letter to Shareholders
Wednesday July 30, 2008 10:00 am ET

LIMA, OH--(MARKET WIRE)--Jul 30, 2008 -- Advanced Content Services, Inc. (Other OTC:ADCS.PK - News) CEO Duane Kistler today released the following letter to update the shareholders:

Dear ADCS Shareholders,

It has been about 6 weeks since our last update. I would like to take this opportunity to bring everyone up to date on the various projects we began in March and currently have in progress.

I am happy to report the following:

 
--  Construction of the Second Life Islands is nearing completion.
--  Discussions with Television Network for airing the show outside of
    Second Life are still ongoing. Filming of the pilot is continuing
--  Spokesperson for Television show is secured
--  Judges for the contest have been chosen. Celebrity Guest judges are
    being lined up
--  Discussions continue with sponsors of the Television show
--  The Website is operational but not in its final version. The
    advertising exercise was very successful and identified the glitches
    present under heavy demand. The exercise was conducted to measure the level
    of interest in the online contest concept. We are very encouraged with the
    initial response and are going forward with the contest. All legitimate
    paid submissions to date will be refunded and those contestants will be
    entered into the first contest free of charge.  The official start of the
    contest will be announced very soon.

As a result of the efforts put forth over the last 6 weeks I would also like to announce that our Joint Venture Partner VStarr has formally hired Bill Deaton as Vice President of Operations for the newly formed division, VStarr Records. Bill Deaton is a respected veteran of the music business, with a career spanning 25 years in production and engineering that includes working with artists such as Alan Jackson, Bob Carlisle, Rebecca St. James, Steve Wariner, Amy Grant, and Michael W. Smith. In a highly competitive industry, Bill Deaton has stayed at the top of his game. For more information visit: www.billdeaton.com.

S. Shawn Spahr has been appointed as Vice President of Marketing for the Technology/Second Life Division and Chris McKenna has been appointed as Vice President of New Business Development.

The first six months of this year have presented some very challenging times, but I am happy to report that all projects are moving forward. I am looking forward to being able to bring further information concerning our progression as details are available. I am extremely excited with all the contacts and opportunities that have opened up for ADCS (through the VStarr partnership) over the past couple of months and am looking forward to the near future as projects continue to develop.

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.