EXPERIENCE ART AND DESIGN, INC. (OTCMKTS:EXAD) Files An 8-K Regulation FD DisclosureITEM 7.01 Regulation FD Disclosure
Experience Art and Design Inc. – Update
“EXAD” and BDCI will execute their management agreement on or around July 7, 2017. Both companies wish to complete a true up count of inventory prior to entering into the management agreement. Bahamas Development Corp. “BDCI” is having a busy month with several orders that need to be delivered for July Fourth, which combined with scheduled vacation time make it impossible to complete this task by July 1, 2017.
EXAD has invited Mr. Eugene Caiazzo, the President of BDCI to join the Board of EXAD and to become its President. Mr. Caiazzo has accepted the offer and will officially become an officer and director effective July 1, 2017.
EXAD has now completed 2 of the 3 steps to complete the transaction with the final steps being the management agreement and Asset Purchase Agreement. Once those two documents have been completed our current President Mr. Matthew Dwyer will resign from all positions with EXAD. This is expected to take place no later than July 15, 2017. The company will then file its 14C and complete the processes of the Triangular Reverse Merger.
EXAD has been informed that BDCI and Mr. Eugene Caiazzo are working with their banking partner to complete the funding of their second acquisition. The closing of the second acquisition is expected to be anywhere between the 15 and 31 of July, 2017.
About EXPERIENCE ART AND DESIGN, INC. (OTCMKTS:EXAD)
Experience Art and Design, Inc. is a development-stage company. The Company is focused on two primary business models: the re-work of existing oil wells and dry cleaners, through two subsidiary companies: TransAmerican Oil and Metropolitan Dry Cleaners respectively. TransAmerican Oil is an oil and gas company, pursuing either producing turnkey oil wells, or developing fresh oil wells on producing leases within the Continental United States. The properties in which TransAmerican Oil is pursuing interests, are in various stages of development. TransAmerican is focused on the exploration, development and production of properties geographically located in the Continental United States. Metropolitan Dry Cleaners provide dry cleaning, laundry, and garment alteration services, along with regular home pick-up and delivery services. Metropolitan Dry Cleaners will have both production facilities and retail storefronts to complement its pick-up and delivery service.