PV Enterprises International Inc, Announces Shareholder Update
FORT LAUDERDALE, Fla., March 26, 2013 /PRNewswire/ -- Alas International Holdings, Inc. aka PV Enterprises International Inc (OTC Pink: VDSC) today provided the following message to our shareholders
Message from CEO to Shareholders
PV Enterprises International Inc (aka) Alas International Holdings Inc. (PVE) announces it has signed a contract with Trafalgar Energy Limited (TEL) to supply and operate a hotel accommodation and field work vessel for technical support at (TEL) the oil rigs in Nigeria, both companies will also formed joint venture company to operate this venture for five years, the vessel will be chartered to major oil Company.
In addition Trafalgar Energy Ltd has agreed to make and completely fund an outright purchase of the subject vessel from PVE and PVE has agreed take a portion of the purchase price to purchase an equity position in Trafalgar Energy Ltd.
The business of the joint venture will be in accordance with its business plan which was approved by both parties to maximize achievable maintainable profits this agreement was made this 20th day of March 2013
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 Fuego Enterprises, 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