FORT LAUDERDALE, Fla., June 17, 2014 /PRNewswire/ -- PV Enterprises International, Inc. (OTC: PVEC, the "Company"), a global shipping management company, is pleased to provide the following corporate update to its shareholders and the investment community. This release includes information about the next phase of the company's business plan and enhanced corporate strategy.
We're excited to announce to our shareholders that the corporation has obtained a signed agreement to secure the financing to purchase a 3900 acre property in Bahamas to develop a new Cruise destination port. The finance amount will be enough to also start the Ferry and Cruise Operations we have planned and developed over the last few months.
"We are very excited about our focus on tourism in undeveloped areas, a much larger market where, through the unique experience of our management team, PVEC has recognized the huge potential in specialty cruises coupled with ecotourism. This relatively new, immature and inefficient segment of this $36 billion market presents enormous potential. Furthermore, implementing an ecofriendly touch to specialty cruises has many additional benefits including enhanced appeal, cost reductions and high acceptability."
Consistent with our firm commitment to build a global integrated maritime services company, we have accomplished much this year to develop this plan. We have successfully established strategic alliances with an array of maritime companies and financing groups including agreements for charters and logistics groups. We have executed a signed agreement for the purchase of a cruise vessel, which is ready to begin our operations. As previously announced we have established our subsidiary, Zeus Travel, Inc. www.zeusworldtravel.com , which has started sales as a booking agent and will be ready to take bookings for our Ferry and cruises as well as vacation packages.
A relationship has been established with a major insurance broker to obtain the necessary insurance of $120 million umbrella coverage to support our Cruise/Ferry operations as well the new Cruise Port development."
"This is a very exciting time for the company; we are working tirelessly to grow our business and become a leading player of specialty ecotourism cruises," adds Mr. Peter Villiotis, CEO of PV Enterprises International Inc.
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.
PV Enterprises International Inc 1850
SE 17th Street Suite 305 Ft.
Lauderdale, FL 33316
SOURCE PV Enterprises International, Inc.