EXPERIENCE ART AND DESIGN, INC. (OTCMKTS:EXAD) Files An 8-K Regulation FD Disclosure

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EXPERIENCE ART AND DESIGN, INC. (OTCMKTS:EXAD) Files An 8-K Regulation FD Disclosure
ITEM 7.01 Regulation FD Disclosure

 

Experience Art and Design is pleased to announce Metropolitan Dry Cleaners has executed a retainer agreement with Counsel to prepare its Form 10 for filing on or around January 17, 2017.  The filing will automatically go effective sixty (60) days later, although Metropolitan could still be in its comment period.  Once the Form 10 has been filed for Metropolitan, a Market Maker will file the Form 15c-211 with FINRA so the Company can begin trading.  Since Metropolitan will be filing a 15c-211 the Company can apply for an exemption to the 30-day $0.01 or above rule with OTC Markets.

 

Experience Art and Design will in one filing with FINRA change its name, ticker, and spinoff Metropolitan to its shareholders in a registered spinoff.  With the filing date just a few weeks away the record date for shareholders in EXAD to obtain shares of Metropolitan will be announced any day after December 26, 2016.  Due to the proximity of the 2016 year-end holidays, there needs to be sufficient time for a record date and pay date prior to the filing.


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 up +0.00030 at 0.00410 with 3,957,350 shares trading hands.