LIMA, OH--(MARKET WIRE)--Dec 8, 2008 -- Advanced Content Services, Inc. (Other OTC:ADCS.PK - News) 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.
Contact:
Advanced Content Services, Inc.
Duane Kistler
President/CEO
(419) 224-ADCS (2327)
http://www.adcsps.com
http://www.VStarr.com
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