LAS VEGAS, NV -- January 31, 2017 -- InvestorsHub NewsWire -- Experience Art & Design, Inc. (OTC: EXAD) Experience Art and Designs (EXAD) Management along with Metropolitan Dry Cleaners, Inc (“Metro”) is pleased to declare the Record Date for all shareholders of EXAD to receive shares of Metro’s spinoff is Friday February 10, 2017.  Each shareholder of EXAD shall receive one and a half (1.5) shares of Metro for every one (1) share of EXAD they own on the Record Date.  If all action items required to complete the spinoff happens sooner than February 10, 2017 EXAD reserves the right to bring forward the Record Date.

Metro will be filing its own Form 10 soon after the spinoff. The Form 10 will register all shares of Metro, including the shares received by EXAD shareholders, as part of the spinoff. 

A 15c-211 will be filed once the Form 10 has been filed and is visible on SEC.gov. Acceptance of the 15c-211 will allow Metro to begin trading once the Form 10 goes effective.  Metro shares received as part of the spinoff will be free trading once the Form 10 goes effective.

Metro anticipated opening price is $0.01 (one penny). After ten (10) consecutive days of trading at $0.01 or higher, Metro will file an application to trade on the OTCQB.

EXAD will retain an approximately 4.99% ownership in Metro following the spinoff.  Around ninety (90) days following the spinoff EXAD will begin to use proceeds from the sale of its Metro shares to purchase shares of EXAD in the open market.  The action will reduce EXAD’s then-Outstanding Shares, and reduce shares in EXAD’s trading Float.

In parallel with Metro’s spinoff EXAD will also be entered into the DTCC system. This action allows EXAD shares to settle electronically therefore allowing more people to participate in the market and providing EXAD additional liquidity.

The owners of EXAD’s Preferred A Series shares have voluntarily waived their right to receive any Metro spinoff dividends. This action allows more Metro shares to flow to EXAD Common shareholders on Record Date.

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.