Experience Art and Design Inc. (fka EXAD)

[PennyMaster]

$EXAD 8K Experience Art and Design Inc. – Update

“EXAD” and BDCI will execute their management agreement on or around July 7, 2017. Both companies wish to complete a true up count of inventory prior to entering into the management agreement. Bahamas Development Corp. “BDCI” is having a busy month with several orders that need to be delivered for July Fourth, which combined with scheduled vacation time make it impossible to complete this task by July 1, 2017.
EXAD has invited Mr. Eugene Caiazzo, the President of BDCI to join the Board of EXAD and to become its President. Mr. Caiazzo has accepted the offer and will officially become an officer and director effective July 1, 2017.

EXAD has now completed 2 of the 3 steps to complete the transaction with the final steps being the management agreement and Asset Purchase Agreement. Once those two documents have been completed our current President Mr. Matthew Dwyer will resign from all positions with EXAD. This is expected to take place no later than July 15, 2017. The company will then file its 14C and complete the processes of the Triangular Reverse Merger.

EXAD has been informed that BDCI and Mr. Eugene Caiazzo are working with their banking partner to complete the funding of their second acquisition. The closing of the second acquisition is expected to be anywhere between the 15 and 31 of July, 2017.

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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