Published: December 08, 2008
Advanced Content Services/VStarr(TM) Officially Become One
Advanced Content Services, Inc. (PINKSHEETS: ADCS)
CEO Duane Kistler today announced that VStarr has become a wholly owned
subsidiary of ADCS.
Kistler stated, "The joint venture agreement with VStarr has been amended
so that VStarr(TM) is now a wholly owned surviving subsidiary of the
company and will focus on the website, www.VStarr.com, (owned and operated
by ADCS). The business model has changed from the original one, but we
still believe in the concept and have been working hard to overcome the
adversities and obstacles.
"The website www.VStarr.com will focus on the social networking with an
emphasis on the ability to be heard and seen by industry professionals.
The company's objective is to offer our talent the ability to be developed
and managed in house. With VStarr(TM), the team of professionals includes
a professional record producer, talent agency and independent film
producer. As talent is identified, we will have the opportunity to
determine the best options for the individual, instead of becoming a
number, as with the major labels. A beta test site featuring the social
networking and performance options is being developed to ensure usability
prior to a launch date. The prior marketing efforts were very successful
and insightful, so with this new business model, I am anxious to get
started and expand our user base.
"I want to thank our serious investors for believing and being loyal. The
comments of a possible pending reverse split simply are not true. I am
committed to building shareholder value even in these times of economic
crisis and uncertainty. I look forward to announcing our plans as
information can be shared," concluded Kistler.
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.
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