PV Enterprises International Executes $800,000 Contract With Tanke, Inc. For Eco-Friendly Technology - Revenue To Be Reflected In 3rd Quarter Financials.
FORT LAUDERDALE, Fla., Nov. 14, 2013 /PRNewswire/ -- PV Enterprises International Inc (OTC Pink: VDSC) today provided the following message to our shareholders.
Peter Villiotis, CEO of PV Enterprises International, (hereinafter referred to as "VDSC"), would like to inform shareholders and interested parties alike that VDSC has executed a contract with Tanke, Inc. (TNKE) for the purchase of propriety technology for the regeneration of wastewater to sanitized, drinkable water adapted by Mr. Villiotis to the maritime industry. TNKE, a diversified holding company with a focus in the development of environmental technologies, engaged Mr. Villiotis, an engineer, by trade and formal education with a PhD in engineering from Metsovion Polytechnico University in Athens, Greece with thirty-two years of experience in the cruise line and commercial shipping industries with an emphasis on energy conservation strategies, to convert technology initially developed by TNKE for the hotel industry to maritime applications. This technology, when implemented, will reduce vessel fuel consumption, thus lowering operating costs and mitigating the vessel's carbon footprint. Pictures of this technology will be available on the corporate website later this afternoon.
The $800,000 in revenue is in the form of cash to VDSC and will be reflected in our Third Quarter Financial Statement, which will be filed timely by the company on Friday, November 15, 2013. This cash infusion will greatly expedite the company's planned acquisition of multiple vessels. Details of these acquisitions will be announced in upcoming press releases scheduled over the next few weeks. As each vessel is acquired by VDSC, the corporate website will be updated with real-time GPS positioning of the vessel so shareholders and interested parties alike can monitor the vessels' repositioning.
VDSC would also like to remind the investment community of the company's commitment to keep its shareholders apprised of the myriad of material business transactions commensurate with the finalization of aforesaid contracts that will enhance VDSC's operations with the goal of generating revenue that will add to shareholder value. Shareholders should expect another two material event announcements in the coming week. VDSC is extremely pleased with the progression with which these contracts are being finalized, and believes the company is strategically positioned to capitalize on the further evolution of its business plan.
Safe Harbor Statement
This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of PV Enterprises International, Inc., members of their management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
SOURCE PV Enterprises International Inc