LAS VEGAS, NV--(Marketwired - Sep 9, 2014) - Advanced Content Services, Inc. (OTC: ADCS) is pleased to announce that its Joint Venture, GreenStar Payment Solutions, Inc., has reached 24 accounts since the Company's last report in July, more than tripling accounts under the banner in a little over a month and a half.
In addition, ADCS has partnered with Chris Mills and GreenHouse Payment Solutions to launch the industry's first reward platform in the form of a general purpose reloadable debit card which it will license to GreenStar, GreenHouse and clinics and dispensaries nationwide. The card, originally conceived as Cannabis Card, will be branded to a wider target market to ensure maximized potential in terms of swipe revenues, while at the same time providing a much needed tracking and rewards system for Cannabis business owners. Mills and ADCS have teamed with an international company that specializes in mass payment solutions for organizations, businesses, and governments worldwide.
"Chris and I are thrilled with the progress of our debit card for the Cannabis industry," states ADCS chairman, Mark B. Newbauer. "We couldn't be happier with our program managing ally on this program, and I feel this can still be launched, with rewards programs active at stores in 2014."
Both GreenStar and GreenHouse are eager to introduce the card to existing and prospective customers and ADCS is confident the card will produce attractive revenues for all involved, and provide convenience, loyalty and increased sales for clinics, dispensaries and their patients and customers.
In addition, New Wave Prepaid Solutions, a wholly owned subsidiary of ADCS, is finalizing details for the launch of SchoolFuel, a dynamic fundraising mechanism for schools, churches and universities nationwide, unlike ever before. The patent-pending process is being implemented by the Company's program managing partner, which will soon be announced in addition to other program partners and details in what the team believes will be the most revolutionary fundraising tool available to schools and universities.
Many shareholders, as well as prospective financiers, have approached management with questions regarding ADCS' plan to improve its share structure. We are currently evaluating our options here, which may include retirement of shares, partnering with an investor for buyback of shares and/or a stock restructure. Newbauer and CEO Thomas Wolff agree, "If the latter is the case, we will ensure to pull back the authorized shares in line with the outstanding with aggressive plans to build sustainable growth moving forward. We also have several offers for responsible financing toward ensuring growth in line with a sustainable market cap."
Announcements forthcoming to support what management feels will be the company's strongest Quarter to date in regards to assets and revenues.
