EXPERIENCE ART AND DESIGN, INC. (OTCMKTS:EXAD) Files An 8-K Regulation FD DisclosureITEM 7.01 Regulation FD Disclosure
Incoming subsidiary Experience Art and Design is pleased to confirm the 2016 mark-to-market year-end asset valuation of the incoming assets was in excess of $10 million dollars. Transfer of control of EXAD is slated to take place after the close of trading on Friday January 6, 2017.
Metropolitan Dry Cleaners Experience Art and Design filed the paperwork with the State of Florida last week for Metropolitan Dry Cleaners LLC’s merger. This action item is expected to complete over the next few business days. Once the merger is complete an audit will be performed on the combined / merged entity: Metropolitan Dry Cleaners Inc. It is estimated the audit on the merged entity should take two weeks or less to complete. The record date for shareholders to receive dividends in Metropolitan Dry Cleaners will be announced shortly and will take place along with a name and ticker change for the merged entity.
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 +0.00190 at 0.00530 with 1,517,613 shares trading hands.