Advanced Content Services, Inc. (OTC: ADCS) recently released an announcement from chief executive officer, S. Shawn Spahr, to clarify items of interest with the company’s shareholders.
In recent weeks, the company has been contacted by a number of shareholders regarding specific issues regarding operations. When ADCS purchased the shell company to transition into the public market, there were some outstanding potential liabilities associated with the shell that had not been adequately disclosed during the due diligence phase. Spahr has stated that these potential liabilities are being dealt with aggressively.
Additionally, ADCS is actively working with Pinksheets.com to update all corporate information to reinstate its good standing to be once again quoted on the exchange, and is anticipating a relisting by the end of this week. Spahr went on to state that he is in firm control of the company’s operations, and any speculation to the contrary is both misplaced and unfounded.
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