DALLAS, TX - March 18, 2014 - PBS Holdings, Inc. (OTC Pink: PBHG) (PINKSHEETS: PBHG) (the "Company"), today released the following update.
PBS Holdings is proud to release additional items to its cannabis product line geared toward the Hispanic Marketplace and Update of our Current Share Structure.
The company would like to announce a line of cannabis infused seasonings geared towards the Hispanic consumer. We have in development a seasoning line much like the popular seasonings made by Goya. We plan to expand a full line of cannabis infused edibles geared towards the Hispanic Marketplace. This sector of the foods market (Hispanic) is expected to grow to over $10 billion next year, which we feel, will marry nicely with cannabis edibles. This will be the third addition to our cannabis edibles product line, which we believe will be the hottest growth sector within the cannabis sector for the foreseeable future.
We would also like to announce our current share structure as it has been subject to much speculation and incorrect information recently. We want to be as transparent with our shareholders as possible. Our current count of shares outstanding is 403,422,890 million shares, of which; 146,918,120 are "free trading". The "free trading" block consists of: Cede & Co. (in a street name) 87,985,596 shares, and 58,932,524 in "insiders" hands, (officers, employees and directors), of which 7,500,000 free trading shares will be returned to the treasury and cancelled. Once these 7,500,000 free trading shares are cancelled the total shares held by the "insiders" hands, (officers, employees and directors), will be reduced to 51,432,524.
The company is in the final decision process on choosing and announcing new company officers and new professional services providers. The goal is to begin the process to become a fully reporting filer and move to the next trading tier.
"We are striving to increase transparency and quickly take advantage of the tremendous opportunity presenting itself in the cannabis edibles infused marketplace. Our recent funding deals and initiatives are designed to take advantage of our relationship with the funding group that will allow our company to fund the new products and new product development and a manufacturing, without the typical "toxic" financing. Our share structure is very conservative and is one of the smallest in this market segment," explains Mr. Vakser.
Recently, the company completed several acquisitions and distribution agreements:
"Our company, PBS Holding Inc., represents several products from its own wholly owned subsidiaries, such as DeVieSun ("Healthy Living") products, Jazz Candles and various products for the new and emerging Marijuana Markets. The distribution deals with GPP and CMG, are perfect strategic partners to represent our products to all segments of retail and distribution chains. GPP and CMG have a tremendous background and have developed relationships and clients with some of the largest retail stores, and markets across the country. Our current "direct sales" approach is being developed for the MLM and Direct Sales industries, while the distribution deal with GPP and CMG will open doors to a wider audience to increase our sales potential for all of our product lines in the retail markets. By doing this we will be completely diversified by having multiple revenue channels, which will provide a steady stream of income to our company," stated Mr. Vakser.
We will continue to update 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
About GPP and CMG companies:
Global Product Placement LLC, http://gppallaccess.com/, ( GPP), a strategic partner and sister company of Cold Mountain Group Inc., (CMG). www.coldmountaingroup.com are companies with a vast experience and background in sales and distribution of hundreds of products on a National and International level.
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.