Replies to post #7205 on Experience Art and Design Inc. (fka EXAD)

[jhutch28]

It says in that link from March 31 that APA was executed. It was released after the LOI release in early march. There is a release for the loi and another for the apa.

[jhutch28]

"Experience Art And Design, Inc. Executes Purchase Agreement To Acquire Multi Location Dry Cleaning Services Operation

Accesswire March 31, 2016Comment
LAS VEGAS, NV / ACCESSWIRE / March 31, 2016 / Experience Art & Design, Inc. (EXAD) has executed a Purchase Agreement to acquire a multi store dry cleaning services operation on the United States East Coast. The Closing is anticipated to be between May 31, 2016 and July 1, 2016 depending on the length of time to complete the audit.

EXAD will file a Super 8-K 4 days after Closing on SEC.gov."

From the link.

[jhutch28]

"Experience Art And Design, Inc. Announces LOI to Acquire Cleaning Services Operation

Accesswire March 7, 2016Comment
LAS VEGAS, NV / ACCESSWIRE / March 07, 2016 / Experience Art & Design, Inc. (EXAD) has executed a Letter of Intent (LOI) to acquire a multi-center dry cleaning services operation with its own plant located on the United States East Coast. All parties are working expeditiously to close the transaction.

Pursuant to the terms of the exchange, the Buyer will purchase 100% of all of classes of stock of the Seller, all trademarks, all assets and all current and future business operations of the Seller.

EXAD will file an 8-K within 75 days of closing on SEC.gov, along with a definitive agreement and audited financial statements."

From March 7 release. So, they did make a distinction between LOI and APA. The third step is closing. Closing is where the West coast deal fell off.

http://finance.yahoo.com/news/experience-art-design-inc-announces-123000816.html