Mobile Design Concepts Inc. (the “corporation”), a Nevada corporation, approved for trading on the OTCBB (trading symbol (“MODS”), announced that it has entered into an agreement to acquire Bioaccelerate Inc., a Delaware corporation. The acquisition is expected to be closed in August 2004. Subject to such closing, of which there is no assurance, the transaction is expected to involve, on behalf of the corporation, a name change, change of management, change of corporate office and a 3.5 to 1 reverse stock split. The reverse stock split will not be effective until further announced after 10-day notice. Furthermore, the corporation is expected to have 33,500,000 common shares outstanding after the closing, however any of the terms of the acquisition could change prior to the closing.
