By a News Reporter-Staff News Editor at China Business Newsweekly -- ADGS Advisory, Inc. ("ADGS") (OTCQB:ADGS) announced that it has signed a Memorandum of Understanding to provide certain consulting and advisory services in connection with the construction of a proposed new entertainment theme park in the PRC.
The Memorandum of Understanding provides that ADGS will be paid HK$20,000,000 (approximately $2.6 million USD) for such services which will be paid in five equal installments of HK$3,500,000 (approximately $450,000 USD) every six months commencing November 2014 and a sixth and final instalment of $HK$2,500,000 (approximately $320,000 USD) on or before May 2017. About ADGS ADGS Advisory, Inc. is primarily engaged in providing accounting, taxation, company secretarial, general corporate and consultancy services in Hong Kong. ADGS has a strong and successful background in the Hong Kong market, most notably bankruptcy and insolvency services to a variety of customers including high growth industries in China. ADGS intends to further bolster its growth via additional acquisitions. Forward-Looking Statements This release contains forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "should," "would" and similar expressions intended to identify forward-looking statements. Forward-looking statements reflect our current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on forward-looking statements. Also, forward-looking statements represent our estimates and assumptions only as of the date of this release. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set forth in the Company's SEC filings. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.
Keywords for this news article include: Asia, China, Hong Kong, ADGS Advisory Inc..
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