|By Marketwired .||
|July 23, 2014 09:15 AM EDT||
LAS VEGAS, NV--(Marketwired - July 23, 2014) - Advanced Content Services, Inc. (OTC: ADCS) CEO Thomas Wolff is pleased to announce that the Company has been officially notified by DTCC that the deposit chill placed on the stock in August 2011, has been lifted: As stated in the letter to counsel: "The Depository Trust Company has determined to lift the Deposit Chill and has resumed accepting deposits of the Issue for depository and book entry transfer services."
DTCC, through its subsidiaries, advances industry-leading solutions that help secure and shape the future growth and development of the global financial marketplace. The company stands at the center of global trading activity, processing trillions of dollars of securities transactions on a daily basis.
"This is tremendous news," states Wolff. "We have been working diligently since earlier this year to ensure the chill is lifted and as of yesterday, with much thanks to Adam S. Tracy of Securities Compliance Group, we received the determination we highly anticipated toward overall investor confidence and market integrity. I personally see this as a milestone for the Company moving forward as it can also significantly improve liquidity on the stock for shareholders and increases the number of broker/dealers to execute trading electronically."
The letter in its entirety can be viewed by visiting this link: http://tinyurl.com/myap9rc
The Company continues to work toward launch of its revolutionary fundraising debit card, 'SchoolFuel' and continues building accounts toward revenues and bottom line in its Joint Venture, GreenStar Payment Solutions, Inc. Inaugural accounts were announced yesterday with additional accounts closing this week. As well, Advanced intends to sign a minimum of 3 Independent Sales Organizations and/or Agents this week to sell on behalf of ADCS for its part in the venture, toward increased potential for revenues.
All the while the company continues to work with a soon to be announced strategic partnership on the launch of a loyalty/rewards card for #cannabis business owners and their customers.
About Advanced Content Services, Inc.
Advanced Content Services is a Holding Company focused in electronic payment services and solutions. It's wholly owned subsidiary, New Wave Prepaid Solutions, is in development of a flagship product aimed to reward consumers and serve businesses in the medical marijuana markets via its Joint Venture in GreenStar Payment Solutions. New Wave and GreenStar strive to be leading contenders in the issuance of prepaid and payment solutions that are both highly marketable and with socially conscious profitability.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward- looking statements to reflect events or circumstances after the date of this release.
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