Source: Advanced Content Services, Inc – Press Release 10.15.14
LAS VEGAS, NV–(Marketwired – Oct 15, 2014) – Advanced Content Services, Inc. (OTC: ADCS) is pleased to announce that it has finalized the sale of its 33% stake in GreenStar Payment Solutions to SinglePoint, Inc. (OTC: SING) in favor of streamlining efforts through SinglePoint in exchange for consideration in the form of common shares in SinglePoint stock. Details regarding the sale will be documented in the Company’s next issued Quarterly report.
As well, Chris Mills’ GreenHouse Payment Solutions has also agreed to sell its stake in GreenStar to SinglePoint toward SinglePoint owning 100% of the merchant services company.
“The move is a win-win,” states CEO Thomas Wolff. “We are confident SinglePoint will do a great job in building the GreenStar brand while providing potential upside for ADCS as a SinglePoint shareholder; all the while, we are currently partnered with Chris Mills and GreenHouse Payment Solutions on expediting the launch of a loyalty/rewards card geared toward dispensaries and their clients in the legalized cannabis industry. The card will be made available to both GreenHouse and GreenStar in licensing agreements toward overall benefit to ADCS and its shareholders.”
To this effect, Mills and ADCS Chairman, Mark B. Newbauer are collaborating with an electronic payment solutions company on behalf of the program with a proprietary Consolidated Payment Platform (CPG) and prepaid debit card solutions (which include MasterCard and Visa), as well as other customizable payment solutions.
As well, Advanced executives have entered official discussions with Mills toward bringing him on board as a Director, Officer or Advisor with the company toward additional synergies and revenue producing endeavors.
Though the company has surpassed initial targets for launch on its prepaid Programs, executives are confident that shareholders will be pleased with overall progress which will be disseminated via press release once proper permissions are received from partnered entities.
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 flagship prepaid products for the domestic marketplace. The company strives to be a leading contender in the issuance of prepaid solutions and services that are both highly marketable and with socially conscious profitability.
For more information see www.advancedcontentinc.com
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.