FORT LAUDERDALE, Fla., June 24, 2014 /PRNewswire/ – PV Enterprises International, Inc. (OTC: PVEC, the “Company”), a global shipping management company, is pleased to provide the following statement its shareholders and the investment community from its Chief Executive Officer, Peter Villiotis.
“To our shareholders, I want to thank you for your support. I never lost hope that we would execute our business plan to re-define the eco-tourism and the cruise industry, and I appreciate your faith in me. Our business plan is capital intensive as we need it to acquire land in the Bahamas for a new port and cruise ships and ferries for operation. A large enough capital investment has been elusive and we could not qualify for credit on affordable terms. I am struggling everyday to make this plan a reality for the Company and its shareholders … and yes it has been a long time.
Management believes our business plan is like dominoes that will fall into place upon the achievement of our initial funding needs. Prior to executing the agreement to acquire the undeveloped land in the Bahamas, we had a meeting with the government of the Commonwealth of Bahamas to confirm their commitment to infrastructure improvement to support the new port. On my recent trip to Greece, I met with a Fortune 100 company to confirm their desire to use our new port to develop a foothold for operations in the Caribbean We set up our own booking agent for our cruises and relationship has been established with a major insurance broker to obtain the necessary insurance umbrella coverage to support our Cruise/Ferry operations as well the new Cruise Port development. Its all set up for when we achieve our initial funding goals of $850,000 to a $1,000,000 USD.
Our objective for the last quarter was to clear debt off our books in order to improve our credit worthiness, and now I am pleased to announce that we are awaiting the issuance of a letter of credit that provides the Company with the initial capital it needs to execute its business plan.
Though I never lost hope, my optimism has been renewed. We are always creating new opportunities. I have had preliminary discussions for a strategic acquisition to expand Mediterranean operations to include resort destinations for our ferries and specialty cruises. However, Management believes shareholder value needs to increase before such an acquisition can occur; in case stock consideration was needed to close the acquisition. We are working tirelessly to execute our plan and grow shareholder value by becoming the industry leader of specialty ecotourism cruises.”
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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
Tell : (954) 306-6242
Company Name: PublicWire
Contact Person: Dave Donlin
Address:5850 TG Lee Blvd, Suite 300
Country: United States