EXPERIENCE ART AND DESIGN, INC. (OTCMKTS:EXAD) Files An 8-K Regulation FD DisclosureITEM 7.01 Regulation FD Disclosure
Experience Art and Design –Update.
The current share structure of EXAD is as follows:
325 million shares of Authorized Common stock
324,909,600 million shares of Outstanding Common stock
Exhibit 99.1 shows combined revenue projections for the next 3 years.
For the 6 months ending June 30, 2017, the combined revenue of the two incoming companies was over $1,000,000 with net income of over $250,000.
Based on the 3-year projections, the combined companies will have increased revenue to over $3.3 million in year 3, with pretax income in excess of $650,000. The projections assume modest yearly increases in sales, furthermore, the projections do not reflect the anticipated benefits from cross marketing between the two company’s; nor do they take into consideration the introduction of new products and expanding sales territories.
The sales from both companies are predominantly concentrated from North Carolina down through the Florida Keys, up the west of Florida, and around to the gulf into Texas. New market opportunities are being explored in the US Pacific coast and Hawaii; as well as international markets.
The future plan is to continue growing the Performance Wear market and market share; as well as expand and diversify the product lines for both companies. Additional mergers and acquisitions in same and complimenting spaces are being considered closely for the future.
To this end, the Company has been researching the medical uniform market; our CEO has met with and is negotiating a purchase price and terms, for a unnamed company that is currently generating revenues of approximately $2 million. The medical uniform market has great potential for future growth, as the health care market continues to grow with the aging population.
Through the M&A process, the Company could add as much as $5 million in annual revenue, by venturing into the medical uniform business. The additional business would make use and be operated within of the same production and management facilities as the Performance Wear businesses. This addition would also provide the existing businesses with custom embroidery capabilities.
EXPERIENCE ART & DESIGN, INC. ExhibitEX-99 2 ex99.108042017.htm ESTIMATED PROJECTION FOR THREE YEAR’S EARNINGS FIRST YEAR SECOND YEAR THIRD YEAR Estimates % of Gross Estimates % of Gross Estimates % of Gross INCOME Receipts Receipts Receipts Total Sales $2,…To view the full exhibit click
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.