MEMPHIS, Tennessee, August 24, 2016 /PRNewswire/ --
Platinum Pari-Mutuel Holdings, Inc. (OTC: PPMH) is confirming in a positive manner the rumors of a CFO search and a major private acquisition. With all of the recent positive changes that PPMH has undergone over the last 60 days, PPMH continues to seek opportunities to expand the potential and value of the company.
In a comment regarding a rumored search for a permanent CFO, Paul Baioni the CEO of PPMH, stated, "Yes we are presently seeking to put into place a permanent CFO who not only has the strengths to assist in our growth but also someone who is well versed in Public Company operations. I can confirm that one of the individuals we are in talks with is a Former CFO at Federal Express. I cannot provide a specific name at this time, but he was an integral part of their transition to becoming a publicly traded company."
Paul Baioni further stated, "It is true that the company is in the process of acquiring a private management holding company which owns and operates companies and products in markets including Business Intelligence, Social Media and other technology. Due to the private company's products and markets served, along with our Public status, we have not entered into a MOU or LOI to prevent the information of the private company being release to the public until the appropriate time."
Platinum Pari-Mutuel is prepared to swiftly move forward with both of these mentioned opportunities which will serve to grow the value of PPMH.
Paul Baioni, CEO of Platinum Pari-Mutuel, added, "It is our full intent to have both of these exciting opportunities consummated very shortly. And with the completion of the acquisition, I look forward to PPMH moving forward with these respected market leaders. "
Platinum Pari-Mutuel Holdings, Inc. shall provide more detail information as appropriate and available to its shareholders and the public. For more information please visit http://www.PPMHinc.com
This release contains forward-looking statements that are based on beliefs of Platinum Pari- Mutuel Holdings management and reflect Platinum Pari-Mutuel Holdings current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of Platinum Pari-Mutuel Holdings with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development
of a salable market, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, Platinum Pari-Mutuel Holdings and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release might incorporate by reference the Company's filings and other reports. Investors are encouraged to review all filings. There is no assurance Platinum Pari-Mutuel Holdings will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company's due diligence on the acquisitions assets, companies, and projects will be favorable nor that definitive terms can be negotiated. Information in this release includes representations from the private companies referred to which has not been independently verified by the company. A downturn in the market would affect the potential profitability of the proposed acquisition negatively.
SOURCE Platinum Pari-Mutuel Holdings, Inc.