Experience Art and Design Inc. (fka EXAD)

[jhutch28]

"Experience Art And Design, Inc. Announces LOI to Acquire Cleaning Services Operation

Accesswire March 7, 2016Comment
LAS VEGAS, NV / ACCESSWIRE / March 07, 2016 / Experience Art & Design, Inc. (EXAD) has executed a Letter of Intent (LOI) to acquire a multi-center dry cleaning services operation with its own plant located on the United States East Coast. All parties are working expeditiously to close the transaction.

Pursuant to the terms of the exchange, the Buyer will purchase 100% of all of classes of stock of the Seller, all trademarks, all assets and all current and future business operations of the Seller.

EXAD will file an 8-K within 75 days of closing on SEC.gov, along with a definitive agreement and audited financial statements."

From March 7 release. So, they did make a distinction between LOI and APA. The third step is closing. Closing is where the West coast deal fell off.

http://finance.yahoo.com/news/experience-art-design-inc-announces-123000816.html