EXPERIENCE ART AND DESIGN, INC. (OTCMKTS:EXAD) Files An 8-K Regulation FD DisclosureITEM 7.01 Regulation FD Disclosure
Experience Art and Design is pleased to announce the incoming company has agreed to bring all of their assets into EXAD in exchange for control of the company. The total value of the incoming company’s assets are expected to be between $7.5 and $8.2 million dollars for FY-2016, and over $10 million for FY-2017.
Experience Art and Design, Inc. recently announced via an 8-K the Company was entering into an agreement to acquire another company as a subsidiary to increase shareholder value while Metropolitan matured. EXAD also reported the incoming company had several million in assets and quarterly cash flow.
The new company will still be a subsidiary of EXAD and will continue with the plan to bring Metropolitan public next quarter via a Form 10 filing.
The transfer will not cause an increase in the Authorized Shares 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. EXPERIENCE ART AND DESIGN, INC. (OTCMKTS:EXAD) Recent Trading Information
EXPERIENCE ART AND DESIGN, INC. (OTCMKTS:EXAD) closed its last trading session down -0.00010 at 0.00400 with 15,523,973 shares trading hands.