NEW YORK, NY--(Marketwired - Feb 1, 2016) - Daniels Corporate Advisory Co. Inc.'s (OTCQB: DCAC) ("DCAC") ("the Company") CEO Arthur D. Viola announces that DCAC will begin implementation of a new plan to get the Company on a fast track to a Senior National Exchange.
The Company has maintained its public disclosure on OTC Markets by remaining current in its reporting obligations as a QB Venture Market Company. Corporately, DCAC is also amending its Articles of Incorporation and Corporate Bylaws to create various series of Anti-Dilutive Convertible Preferred Shares to protect its majority stakeholders. These same anti-dilutive securities will soon become available to those common stock shareholders as of a yet to be determined record date. The mandate, moving forward, is to start reorganizing the debt on the balance sheet, so that the company is debt free and to enhance the Net Stock Holders Equity in the Company by acquiring profitable businesses and or assets, using the Convertible Preferred Stock as currency.
Arthur D. Viola, CEO of Daniels Corporate Advisory Co Inc., said, "This new plan is absolutely necessary in order to attract long-term, corporate development type investment in DCAC. We will also be able to restore investor confidence, if we commit ourselves to remove affiliate & non-affiliate debt, and build net stockholders equity on the balance sheet. This is a process that we are committed to forging ahead with, our resolve to complete those tasks are a function of effort, teamwork and time."
He further states, "We have expanded the Corporate Strategy Consulting Segment of the Company with the addition of a very qualified team of professionals that will aid us in the implementing of this strategy and fulfill our mandate. Additionally, DCAC will seek to have more of a transparent dialogue with its investors, as to the clarity of implementing those objectives. As we meet certain milestones, the investment community will be made more thoroughly aware through public disclosure and record."
Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. 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. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.