DALLAS, TX-- PBS Holding, Inc. (OTC Pink: PBHG) (PINKSHEETS: PBHG), (the "Company"), announced today that management completed re-domiciling the company to Wyoming. The Wyoming base represents significant savings to the company on yearly corporate fees, franchise tax and no state income tax.
The Company also increased its authorized shares in anticipation of several current and future acquisitions and investments.
"Acquiring companies with restricted 144 (common) shares creates a good will between the Holding Company and its acquisitions. The fact that the owners are willing to take restricted shares proves their belief and support in our business plan and desire to grow the company through mergers and acquisitions," stated Scott Tassan, CFO.
The Company's recent acquisition, Water to Fuel Technology, has prompted the management to open negotiations and submit proposals to several major trucking and delivery companies. These companies range from a few to several thousand trucks and represent great opportunities for revenues .
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 .
The company intends to issue shareholders updates on a weekly basis, and will report on the current contracts and negotiations with new acquisitions, vendors and customers.
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 Of Republic 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
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, 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.