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$EXAD EXPERIENCE ART AND DESIGN, INC. ANNOUNCES CHANGES TO HOW IT WILL ACQUIRE DRY CLEANING OPERATIONS

Source: InvestorsHub NewsWire
Las Vegas, NV -- May 26, 2016 -- InvestorsHub NewsWire -- Experience Art & Design, Inc. (OTC: EXAD) has been negotiating to purchase several dry cleaning operations for cash and promissory notes. The Company has shifted away from cash and promissory note to minimal cash paid at closing and redeemable Preferred stock.

Metropolitan will use a minimal cash down payment and issue redeemable Preferred stock for each operation it buys. This reduces the cash constraints on the Company or the need to consistently raise large amounts of cash or add debt to the books.

The redeemable Preferred will be issued with a pre-stated value and the Company will purchase the shares back from the Seller upon the agreed to terms and conditions.

The dry cleaning industry is a $9B market segment employing approximately 148,000 people in the United States. While there are over 36,683 companies operating in the industry, less than 10 companies have a national presence. According to Hoover’s: the 50 largest firms generate less than 10 percent of revenue.