NEWS!!!!
Distribution Management Services Announces the Acquisition of the First in a Series of Primary Operating Assets
Date : 04/07/2011 @ 9:00AM
Source : PR Newswire
Stock : Distribution Mgmt Se (DMGM)
Quote : 0.079 0.0 (0.00%) @ 8:02AM
Distribution Management Services Announces the Acquisition of the First in a Series of Primary Operating Assets
Distribution Mgmt Se (USOTC:DMGM)
Intraday Stock Chart
Today : Thursday 7 April 2011
Click Here for more Distribution Mgmt Se Charts.
Distribution Management Services, Inc. (US.DMGS.PK) announces that it has re-domesticated itself to Delaware and is now trading under the name "DMS Florida, Inc." ("DMGM").
Moreover, the senior executive management of DMGM is pleased to announce that DMGM has completed the acquisition of its first principal operating asset located in St. Petersburg, Florida on April 6, 2011, and, DMGM is in the process of commencing renovations and improvements to the real and personal property, which it purchased under the terms and conditions of the Contract For Sale and Purchase of Assets, through its totally-held subsidiary, Gentz, LLC, a Florida limited liability company.
"This is an important acquisition for Gentz and we are looking forward to introducing the upscale Gentz ShowPlace model into the St. Petersburg marketplace, where after close investigation of the local competition, we feel that our model will add unique and innovative concepts in the adult entertainment-related market," said Michael Grande, the Managing Member of Gentz, and our principal stockholder.
With this acquisition, Gentz will soon operate its first adult entertainment-related club in the Florida market. Gentz' Managing Member has come to a verbal agreement to complete its second acquisition in the Florida market, and has instructed our legal department to draft the requisite documents to facilitate the acquisition of our second Florida location, in hopes of being able to open the second location within the next four to five months.
This adult entertainment-related club is located in the Tampa-Clearwater-St. Petersburg market. This market is one of the largest adult entertainment-related markets in Florida.
The second location best can be described as one of the largest and under marketed adult entertainment-related clubs in one of the most prominent and affluent markets in Southern Florida.
