Experience Art and Design, Inc. Executes Stock Purchase Agreement to Acquire a Dry Cleaning Processing Plant, Two Drop Center...
August 17 2016 - 7:00AM
Access Wire
This is the Second Announced Acquisition for
Metropolitan Dry Cleaners
LAS VEGAS, NV / ACCESSWIRE / August 17, 2016 /
Experience Art & Design, Inc. (OTC: EXAD) On August 16, 2016
executed an Stock Purchase Agreement (SPA) with the Seller to
acquire a Dry Cleaning Processing Plant and two drop centers
located near Fort Meyers on the West Coast of Florida. The
operation will be re-branded under Metropolitan Dry Cleaners.
The combined entities currently generate over $400,000 and had
generated over $1 million in previous years. Metropolitan Dry
Cleaners, will implement pickup and delivery services while
expanding the drop centers to increase market share and
revenue.
EXAD will be setting up a wholly owned subsidiary corporation
under the name Metropolitan Dry Cleaners in the State of Florida,
this will coincide with a name change and ticker change to become
effective after Labor Day.
Metropolitan is exploring other opportunities daily, looking for
other companies to merge in and grow its footprint in the dry
cleaning sector.
Experience Art & Design, Inc., in compliance with SEC
regulations, may in the future use social media outlets like
Facebook or Twitter and its own website to announce key information
in compliance with Reg FD.
For additional information about this release please
contact:
Investor Relations:
702-347-8521
info@metropolitandrycleaners.com
http://www.metropolitandrycleaners.com
Forward-Looking Statements
This news release contains "forward-looking statements" as
that term is defined in Section 27(a) of the United States
Securities Act of 1933, as amended and Section 21(e) of the
Securities Exchange Act of 1934, as amended. Statements in this
press release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such
forward-looking statements include, among other things, estimates
of dry cleaning services and equipment markets, release of
corporate apps, global dry cleaning services and equipment markets,
growth of platform, target markets, product releases, product
demand and, business strategy. Actual results could differ from
those projected in any forward-looking statements due to numerous
factors. Such factors include, among others, the inherent
uncertainties associated with new projects and development stage
companies. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our annual
report on Form 10-K for the most recent fiscal year, our quarterly
reports on Form 10-Q and other periodic reports filed from
time-to-time with the Securities and Exchange Commission.
Details of the Company's business, finances, appointments
and agreements can be found as part of the Company's continuous
public disclosure as a reporting issuer under the Securities
Exchange Act of 1934 filed with the Securities and Exchange
Commission's EDGAR database.
SOURCE: Experience Art & Design, Inc.