UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): November 04, 2020

 

DANIELS CORPORATE ADVISORY COMPANY, INC.

(Exact Name of Registrant as Specified in Charter)

 

Nevada   333-169128  

04-3667624

(State of Other Jurisdiction   (Commission   (IRS Employer
of Incorporation)   File Number)   Identification No.)

 

Parker Towers, 104-60

Queens Boulevard

12th Floor

Forest Hills, New York

  11375
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (347) 242-3148

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-k filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

[  ] Written communications pursuant to Rule 425 under the Securities Act
   
[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
   
[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
   
[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)  

Name of each exchange on which registered

Common Stock

  DCAC  

OTC Market

 

 

 

 
 

 

Item 9.01 Financial Statements and Exhibits

 

Exhibit

Number

  Description
     
99.1   Press Release

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  DANIELS CORPORATE ADVISORY COMPANY, INC.
     
Date: November 4, 2020 By: /s/ Nicholas Viola
    Nicholas Viola
   

Chief Executive Officer

 

 

 

 

Exhibit 99.1

 

Daniels Corporate Advisory Co. Inc. (OTC: DCAC)

 

Announces

 

Significant Expansion of the Rental Truck Fleet of its Payless Truckers, Inc Subsidiary.

 

New York, New York - November 04, 2020 Daniels Corporate Advisory Company (OTC: “DCAC” ) is pleased to announce it is under contract to a major mid-market venture firm for the management of a capital event that may contribute significantly to the growth of its Payless Truckers, Inc. subsidiary. The collective efforts of our management, the venture firm and two non-affiliates should improve dynamics of liquidity in our stock and working capital levels. By calendar yearend a Reg A Offering with raise estimates of between $3 - $5 Million in common stock should be cleared by the SEC with initial equity committed to truck acquisitions by mid- January 2021.

 

Through Institutions, Daniels is projecting greater truck capacity by leveraging the equity raise through the use of a Term Loan facility. This facility, expect to close in the next several weeks, is to be provided by another highly regarded financial institution in the initial amount of $850,000 with potential to $1,500,000 in the short term. This first phase of leveraged growth is without the use of dilutive convertible financing. It has the potential to start adding 40 additional heavy rental cabs to our fleet by January 2021. Over the next six to eight months gross rental income from institutional leverage is projected at $130,000 per month. Subsequent financing options have been discussed and possible to $5 Million.

 

Through Private Investor Loans: continue to buoyed our current results. Private loan debt has increased our fleet from eight to twelve trucks with two more committed additions over the next two weeks. By month end, our monthly gross rental income on the fourteen trucks will be between $40,000 - $48,000. This range allows for 10% down time and administrative expenses. On a run rate basis, yearly gross rental income is projected between $480,000 and $576,000 which is tax-sheltered by our NOL (tax loss carryforward) This is a doubling of our fleet size and monthly gross rental income since our last SEC Filing.

 

A steady flow of news worthy events and their progress will be disseminated by regular press releases.

 

Safe Harbor for Forward-Looking Statements:

 

The statements above regarding the Company’s expectations, its operations and certain other matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and are subject to risks and uncertainties For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Daniels Corporate Advisory Co. Inc. filings with the Securities and Exchange Commission, including the Company’s most recent reports on Form 10-K and 10-Q, and other SEC filings.

 

Press Release Contact:

Nicholas Viola

CEO

Onewallstreetn@aol.com