DALLAS, TX – July 1, 2013 - (eTeligis via ACCESSWIRE) -- PBS Holding, Inc. (OTC Pink: PBHG), (the "Company"), today released a letter to shareholders from its President/CEO, Edward Vakser. In the letter, Mr. Vakser summarizes significant occurrences within the Company this year and cites goals for 2013.
Dear Shareholders:
This past year has been an eventful one for PBS Holding, Inc., and many of our public entities'. The complex, yet rational relationship between all these groups and service providers will benefit the shareholder base for all of our groups: (OTC Pink: PRPM), Swordfish Financial Inc., (OTC Pink: TDEY), (ARTS), and of course: PBHG. We want to share the news with you, and I want to draw your attention to some milestones that have occurred.
First, in January, your Company underwent a complete change of executive management and membership of its board of directors in order to refocus and reposition the Company in its marketplace.
Second, we relocated the Company from Florida back to Texas, where its new officers and directors reside. Also, that will allow our staff to be closer to the manufacturing facility and our fulfillment center. (see: www.deviesun.com)
"Our staff, and myself included, have a long history in marketing and producing results in 'Direct Sales' and Network Marketing Industries. Our past results and industry contacts will give our team a major 'Head Start' in what is otherwise a very competitive marketplace. While our 'retail' team is concentrating on placing our products into the rotation for the major chains, convenience stores and distribution centers, our Network Marketing Team is focused on signing up some of the best knows and powerful Direct Sales Veterans in the industry." stated Edward Vakser, who returned to lead as a Chairman and CEO for PBS Holding Inc.
Third, as of today's date, we have restructured the amount of debt being carried by the Company with our investment group buying out the current Debt Holders, and capturing the convertible finance and Notes. With this current transaction, the new Debt Holders agreed to reduce the Debt and the Notes by over Two Million Dollars ($ 2,000,000.00), while managing what otherwise would've been severely dilutive and toxic Conversions.
Fourth, going forward in 2013 our first objective will be to increase shareholder value through the rapid growth of the sales and marketing of our "De Vie Sun" Functional beverages and lifestyles products. We have been putting considerable effort this year into establishing its sales and marketing program, with the intent of distributing it nationally through a network of home-based resellers. We believe distribution will scale fast so that our distribution footprint will quickly become broad. We are already gearing up for significant production to meet demand in what we believe will be a continuing growing market for healthy non-alcoholic beverages.
"I feel energized and motivated by watching our CEO, Edward Vakser and other investors acquiring and developing several major public companies. Companies such as ProTek Capital Inc, (PRPM), 3D Eye Solutions Inc, (TDEY) and Swordfish Financial Inc. I admire what they've done by acquiring, cleaning up and bringing these companies to a current status in order to combine the financial strength, and synergies while vertically integrating the services, assets and developments between all the entities. The major focus on reducing Outstanding Shares, Debt and other Liabilities is giving all of us, as shareholders, confidence in the Leadership and overall goal setting for these companies. This will tremendously enhance PBS Holding Inc's ability to develop its marketing and create an impactful launch for all of our products!" stated Scott Tassan, Treasurer, and Board Member of PBS Holding Inc.
By this letter we wish to signal the markets that we are a renewed enterprise, intent on executing a strategy for the benefit of our investors that is more aggressive in scope than what previously existed. We will continue to grow and share with our sister companies and optimize the synergies of the collective companies.
In the coming weeks and months I look forward to providing you with further updates on our Company and the progress that we are making.
Very truly yours,
Edward Vakser
President/CEO
PBS Holding, Inc.
About PBS Holding, Inc.
PBS Holding Inc through its direct sales group, recently launched, "De Vie Sun", which is translated, "Healthy Life". This product is the first to be introduced by the Company which is focusing on the development, marketing and distribution of nutritional and functional beverages for consumers. The Company is marketing this product through the home-based direct sales channel.
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 of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.
CONTACT:
PBS Holding, Inc.
Edward Vakser
ev24903@gmail.com
PH# 214-418-6940
SOURCE: PBS Holding, Inc.