DALLAS, TX – March 11, 2014 -- PBS Holding, Inc. (OTC Pink: "PBHG") (PINKSHEETS: PBHG), (the "Company"), today released an update to shareholders.
Today, PBS Holding Inc. is proud to announce the signing of a major funding deal with Mastiff Funding Group for $5 million over the course of 36 months. This funding will be used immediately to fund the projects we have been working on over the last several weeks.
"The past few weeks we have made great efforts to expand our product development to include and provide for the new and emerging multi-billion dollar marijuana markets. We understand the importance to execute and get our products in this ever growing market place at once. The $5 million funding will make this possible. We want our shareholders to know we are taking the marijuana market serious, as we see major revenue going to our bottom line with the products we have. This market sector is enormous, and has just begun. It will only grow bigger as more and more states legalize marijuana," stated Mr. Vakser.
The products will be marketed thru traditional retail, branded and co branded wholesale, and as legalization expands, into the retail markets. We see the edibles area of this marketplace as being a niche, high profit area. Our selections will include candies, drinks, soups, and ice cream, pop cycles, chewing gum, vitamin substitutes, range of desserts and many others items.
Examples of products ready to produce are:
Chill Drinks - A cool smooth relaxing drink with added natural relaxation herbs to help deal with today's over stressed lifestyles. These drinks will be available in a variety of flavors and strengths that will help with different needs, such as relaxation to a sleep aid.
Cannabis Candles and Scent Oils - A wonderful selection of candles and oils to sooth and relax away the days stress. "I must say I laughed when this idea was brought to me, but Jazz Candles have an amazing scent range and really have a stress relieving nature. This is a touch and smell item that will do very well at retail, and direct sales marketing, as we have a broad range of eye catching designs," said Mr. Vakser.
We will be updating our shareholders frequently on our new products as they roll out, and as distribution agreements are signed with various retail chains and convenient stores.
About Jazz Candles
We strive to provide our customers the safest and highest quality products available on the market today. In an age when the candle industry has been inundated by candle marketers, we stand fast to our commitment to the craft and art of making quality highly scented candles. It takes a careful formulation of quality ingredients to create strong scented candles, with brilliant colors, true fragrance scents, and a consistency that makes the candle burn cleanly and safely. We continue to research and develop fragrances and wax formulations that serve as the major foundation that has made our candles the leader in the industry of highly scented candles. Our method is not the easiest or least expensive way to make candles, but we believe it is the right way - the only way to get the safest, highest quality candles you have come to expect from Jazz Candles. www.jazzcandles.com
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. www.starfestdirect.com
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.
PBS Holding, Inc.
SOURCE: PBS Holding, Inc.