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 management of EXAD has filed with the State of Nevada to increase its Common shares by 50 million. The Company believes it will not issue more than 25 million shares to finish cleaning up the balance sheet from the predecessor companies.
The following outlines actions in process and how the Closing will take place:
1.A third party independent valuation of Incite is being obtained by Wells Fargo.
2.Wells Fargo issues a commitment letter for the balance of the funding.
3.Closing date is set for BDCI to acquire Incite.
4.Closing date is then set for BDCI to sell Incite to EXAD in a Triangular Reverse Merger.
5.A separate transaction will be done for the Native acquisition.
The Fourth Quarter should reflect the revenue of both companies on the books of EXAD.
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.