PV Enterprises International, Inc. (OTC Pink: VDSC) Announces the Spinoff of its subsidiary IMAG Group, Inc. formerly known as Red Tide Defense Group and the Filing with FINRA
FORT LAUDERDALE, Fla., July 1, 2013 /PRNewswire/ -- Alas International Holdings, Inc. aka PV Enterprises International, Inc. (OTC Pink: VDSC) Announces the Spinoff of its subsidiary IMAG Group, Inc. formerly known as Red Tide Defense Group and the Filing with FINRA.
PV ENTERPRISES INTERNATIONAL, INC. (OTC Pink: VDSC)
Alas International Holdings, Inc. is pleased to announce the spinoff of its subsidiary IMAG Group, Inc. formerly Red Tide Defense Group, Inc. The company has filed the Spinoff with FINRA today and expects to have it completed within the next two to three weeks.
Red Tide Defense Group, Inc. has already changed their name to IMAG Group, Inc. via the filing number P09000057467 with the State of Florida and amendments to the articles of Red Tide Defense Group. IMAG Group, Inc. will become an independent publicly traded company with its own ticker symbol on the OTC market and a set IPO value of $ 1.00 per share.
The board has fixed the close of business on Friday July 12, 2013 as the record date for determining the stockholders eligibility to receive dividends. The board of directors will determine the date of issuance at a later date.
Peter Villiotis, Alas International Holdings CEO stated, "The Company is now putting into motion our previously stated plans such as the establishment of the cruise and ferry operations worldwide. We are now becoming a revenue producing company that will enable us to fulfill all of our objectives and bring value to our company and shareholders."
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.