“EXAD” has made an arrangement with the incoming company to assume operational control of the business while the audit is completed.
On July 1, 2017 EXAD will through a wholly owned subsidiary enter into a management agreement to run the daily operation of the incoming business. This will entitle EXAD to 100% of the revenue of the company while the audit is being completed. EXAD will not assume control of the assets until the reverse merger is completed.
$BDCI$ said it won't close on the assests of Incite until the new quarter which is July 1.
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