The Penny King's Free and Clear M&A Fund

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Penny King Holdings Corporation forms Advanced Capital Services Corporation as Financing Subsidiary

Penny King Holdings Corporation, which is considered an affiliate of the Free and Clear Foundations of America, Inc., announced that it has formed a wholly owned subsidiary to faciliate financing for small cap and emerging growth companies in the United States.

Advanced Capital Services Corporation will invest in publicly traded securities, and provide either equity lines of credit or faciliate the private placement of equity securities.

"Our first transaction is being lined up and we have obtained a term sheet for $75,000,000 from a Capital Markets Group to provide a structured equity line of credit for a pending proposal to merge six OTC BB companies and strengthen their shareholders values," said Gabor Sandor Acs, Chairman of ACSC.

Penny King Holdings Corporation, a Delaware Investment Holding Company.