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EXAD 8K out... Metropolitan Dry Cleaners - Record Date:

Experience Art and Designs (EXAD) Management along with Metropolitan Dry Cleaners, Inc (“Metro”) is pleased to declare the Record Date for all shareholders of EXAD to receive shares of Metro’s spinoff is Friday February 10, 2017. Each shareholder of EXAD shall receive one and a half (1.5) shares of Metro for every one (1) share of EXAD they own on the Record Date. If all action items required to complete the spinoff happens sooner than February 10, 2017 EXAD reserves the right to bring forward the Record Date.

Metro will be filing its own Form 10 soon after the spinoff. The Form 10 will register all shares of Metro, including the shares received by EXAD shareholders, as part of the spinoff.

A 15c-211 will be filed once the Form 10 has been filed and is visible on SEC.gov. Acceptance of the 15c-211 will allow Metro to begin trading once the Form 10 goes effective. Metro shares received as part of the spinoff will be free trading once the Form 10 goes effective.

Metro anticipated opening price is $0.01 (one penny). After ten (10) consecutive days of trading at $0.01 or higher, Metro will file an application to trade on the OTCQB.

EXAD will retain an approximately 4.99% ownership in Metro following the spinoff. Around ninety (90) days following the spinoff EXAD will begin to use proceeds from the sale of its Metro shares to purchase shares of EXAD in the open market. The action will reduce EXAD’s then-Outstanding Shares, and reduce shares in EXAD’s trading Float.

In parallel with Metro’s spinoff EXAD will also be entered into the DTCC system. This action allows EXAD shares to settle electronically therefore allowing more people to participate in the market and providing EXAD additional liquidity.

The owners of EXAD’s Preferred A Series shares have voluntarily waived their right to receive any Metro spinoff dividends. This action allows more Metro shares to flow to EXAD Common shareholders on Record Date.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11811289