Totowa, NJ, Sept. 12, 2013 (GLOBE NEWSWIRE) -- Premiere Opportunities Group, Inc (OTCQX:PPBL) www.premiereopportunities.com
is pleased to announce that it is now in a position to declare a
time frame for the distribution of its first
advisory client stock dividend.
Chris H Giordano Premiere's Chairman stated " Along with our
goals is to develop a substantial business in the corporate
advisory services business, it will become a natural occurrence
with each client company to distribute a portion of the common
stock that Premiere receives in their company to our
shareholders.
Each client company faces the challenges of being a public
company. One of the challenges we hope to minimize is the challenge
of having enough shareholders to qualify for a larger exchange when
they are in a position to uplist their common stock from the OTC
Markets to NASDAQ, AMEX or the NYSE.
Since we have a substantial stockholder base we will distribute
the client company's common stock at the appropriate time to our
shareholders of record. The appropriate time is
usually going to be when a client company's common stock is trading
and has developed a reasonable market for its own common stock. At
that interval the distributed common stock would find a more
welcoming market in the event it were to be sold by Premiere
shareholders when received. This would ameliorate a the chances of
an illiquid market for the Premiere's shareholders and also mollify
the potential for a decline in the common stock of the advisory
client.
With that said we expect our first dividend to be distributed in
first quarter 2014 in the common stock of Direct LED, Inc which we
feel will have developed a sufficient trading market for its common
equity by that time. Direct LED is working on several substantial
fronts to introduce its retail lighting products as well as its
specialty lighting products into the marketplace and the success of
one or several of these venues will have a dramatic effect on both
liquidity and stock price.
There also lies in the coming quarters thereafter the potential
for we will be calling a "Super Dividend"
where in fact we declare a distribution of several client
companies common stock to our shareholders. In this manner it
becomes a windfall for our shareholders of record and more
economically plausible for us to distribute such shares with less
duplication of paperwork.
In order to qualify for the dividend distribution you must be a
shareholder of record in either registered format
or in "street name" on the ex dividend date which
will be set with our transfer agent and declared thru an SEC filing
as well as public release.
Increasing shareholder value is both a "science and art form" We
will combine the two as best we can and in a twofold manner.
Firstly, by retaining equity in our advisory
client companies which will build our balance sheet with both
capital assets and cash to
solidify a much stronger stock price.
Secondly, by distributing common stock in our
advisory client companies to our shareholders.
We look forward to the future with great anticipation and with
the strong possibilities of increasing the overall return to our
shareholders."
CONTACT: Chris H Giordano
973-291-8900
chris@premiereopportunities.com
