Here is their announcement!
Advanced Content Services Changes Name, Ticker Symbol and Business Model
FORT WAYNE, Ind.--(BUSINESS WIRE)--Advanced Content Services, Inc. (Pink Sheets: ADCS) announced today that the Company is restructuring its business to include name, ticker and business model change. The Company’s new name is MBN Holdings, Inc. and will become a holding company for unique businesses that have significant upside potential. Additionally all paperwork has been filed for the Company regarding name change, business forms with the state of Nevada and with OTC Markets.
The first business to be merged into the new Company is Servenation.com. There is more than a healthy demand for Servenation’s business. According to the Aite Group (the Boston-based research firm) the total revenue pie of the so-called network-branded prepaid card industry will grow from $1.63 billion in 2008 to $5.91 billion by 2014, an increase of 263%.
The ServeNation card is a general purpose, reloadable Debit Card in which the program Manager, on behalf of the consumer, donates a fixed amount per transaction to the consumer’s chosen charity or non-profit.
ServeNation will be unique in the pre-paid debit card business in that the Company will appeal to several distinct target market segments under a single program. ServeNation primary market segments include: Corporate, Consumer, Charitable Entities, Bill Payments, Payroll Payments and Mobile Applications/Solutions tied to Card Services.
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
Contacts
The Nuemark Group
Shaun Kohlmeier, 860-484-3727
Investors@nuemarkgroup.com
www.NuemarkGroup.com
Advanced Content Services, Inc.
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