PBS Holding, Inc. (OTC Pink: PBHG) (PINKSHEETS: PBHG), (the "Company"), announced today that Mr. Todd More has accepted the position as the new Chairman of the board, replacing co-founder Mr. Vakser.
"This company is becoming a powerhouse with multiple acquisitions and a great new management team. I feel that these new businesses will increase our revenues and in turn will provide a greater shareholders value and will build a larger investment portfolio for the Company. I'm pleased to pass on the management to great executives and entrepreneurs. This move will allow me to move on and spend time on other projects and acquisitions." stated Edward Vakser, former Chairman of PBS Holding Inc.
A few weeks ago the Company announced the completion of the manufacturing and distribution facility for Water To Fuel Technology Inc. Today we are excited to announce the fulfillment of in hand purchase orders for our HHO Generators. Last week, President Michael Reed installed a series 23A Magnum Duel Cell System on a customer's 2006 Ford F-350 truck that will be used for hot shot deliveries. Several more units will be installed in the weeks to come. The series 23A Magnum Duel Cell System will be a great unit for anyone operating a hot shot delivery company across the country. This system will typically increase fuel mileage by 20%.
Major efforts are now being made to continue marketing and selling the MagDrive HHO generators to the trucking industry, motor home industry, the heavy equipment industry along with heavy equipment construction companies, and generator manufacturers. Michael Reed will be heading our nationwide expansion effort for marketing, selling and assembling a new sales force throughout the country at large. We want to thank Michael Reed for helping set up the facility and undergoing the training to know exactly how to build the HHO generators. He will also oversee the full production and exclusive worldwide distribution of these units.
For more information send your inquiries to firstname.lastname@example.org. Mr. Reed has vast knowledge on installing these HHO generators on any vehicle and will be setting up installation facilities across the country over the next year. The Company will keep you updated with news on www.twitter.com/water2fueltech., and website www.water2fueltechnology.com .
CEO, Todd Moore, stated, "These are exciting times for our company, and immense progress is being made. We want to thank our former chairman, Edward Vakser, and wish him all the best in future endeavors. Furthermore, we are putting the finishing touches on our brand new website and expect it to be finished before the end of the month."
We look forward to providing continued updates in the coming weeks on the great progress made by both Jazz Candles and Water To Fuel Technology Inc. - Two companies we acquired this year and well on their way to combined estimated revenue of over $3.2 million for 2014.
About Water To Fuel Technology Inc.
Water To Fuel Technology Inc., a subsidiary of PBS Holding Inc. has the exclusive rights, and technology, to manufacture and distribute worldwide, proprietary technology in converting the components of water (hydrogen/oxygen) to a supplementary fuel. These HHO generators will work in all piston-powered engines. We currently have 10 distributors in the USA, along with distributors in each of the following countries: Africa, Bolivia, Brazil, Italy, and the Dominican Republic Of Latin America.
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
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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, and 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.