PBS Holding, Inc. (PBHG) Acquires Jazz Candles
February 06 2014 - 8:35AM
Marketwired
PBS Holding, Inc. (PBHG) Acquires Jazz Candles
PBS Holding, Inc. Enters Into the $2 Billion Candle Industry
With Acquisition of Jazz Candles
DALLAS, TX--(Marketwired - Feb 6, 2014) - PBS Holding, Inc. (OTC
Pink: PBHG) (the "Company" or "PBHG") today released an update to
shareholders.
PBS Holding, Inc. has acquired Candle Cave Inc. dba Jazz Candles
that was started in 2005. They have been one of the fastest growing
candle businesses in the south. Jazz Candles is known throughout
the industry for having one of the strongest scented candles, wax
melts, and room sprays in the market today. "We have had over 200
retail stores that have brought in our products in the past few
years as our business continues to grow. One thing we are always
looking for is ways to increase our revenue. Over the past 10 years
we have been impressed with the business model that Scentsy has
used and liked the fact that PBS Holding, Inc. can bring that sales
model to Jazz Candles," says Mr. Steele, president of the company.
Mr. Steele went on to say, "We have watched Scentsy sales continue
to do very well in the candle industry during this economic
slowdown. Scentsy was founded in 2004 and watched their revenue
climb from $140,000/year in 2004 to $535 million/year in 2011 using
only a direct sales model. Their growth did not slow during the
peak of the recession doing over $1 billion in sales from 2004 to
2011. Seeing how well this business model has done, we were very
excited to be acquired by PBS Holding, Inc. and allow their direct
sales model to grow the Jazz Candles brand. This will allow for a
huge increase to our already established revenue as it has been
proven to work in the candle industry."
"PBS Holding, Inc. is excited to have acquired one of the best
candle companies today, which has a superior product, compared to
what the industry offers. According to the National Candle
Association candles are used in 7 out of every 10 U.S. homes today,
with women buying 90% of all candles. With the mass amount of homes
this covers we know this company will fit in well with our business
model, www.starfestdirect.com/info," added Mr. Vakser.
About Jazz Candles
We strive to provide our customers the safest and highest
quality products available on the market today. In an age when the
candle industry has been inundated by candle marketers, we stand
fast to our commitment to the craft and art of making quality
highly scented candles. It takes a careful formulation of quality
ingredients to create strong scented candles, with brilliant
colors, true fragrance scents, and a consistency that makes the
candle burn cleanly and safely. We continue to research and develop
fragrances and wax formulations that serve as the major foundation
that has made our candles the leader in the industry of highly
scented candles. Our method is not the easiest or least expensive
way to make candles, but we believe it is the right way -- the only
way to get the safest, highest quality candles you have come to
expect from Jazz Candles. www.jazzcandles.com
About PBS Holding, Inc. PBS Holding, Inc., through its direct
sales group, recently launched, "De Vie Sun," which is translated,
"Healthy Life." This product is the first to be introduced by the
Company which is focusing on the development, marketing and
distribution of nutritional and functional beverages for consumers.
The Company is marketing this product through the home-based direct
sales channel. www.starfestdirect.com
Safe Harbor Statement: This release includes "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934. Certain statements set forth in this press release
constitute "forward-looking statements." Forward-looking statements
include, without limitation, any statement that may predict,
forecast, indicate, or imply future results, performance or
achievements, and may contain the words "estimate", "project",
"intend", "forecast", "anticipate", "plan", "planning", "expect",
"believe", "will likely", "should", "could", "would", "may" or
words or expressions of similar meaning. Such statements are not
guarantees of future performance and are subject to risks and
uncertainties that could cause the company's actual results and
financial position to differ materially from those included within
the forward-looking statements. Forward-looking statements involve
risks and uncertainties, including those relating to the Company's
ability to grow its business. Actual results may differ materially
from the results predicted and reported results should not be
considered as an indication of future performance. The potential
risks and uncertainties include, among others, the Company's
limited operating history, the limited financial resources,
domestic or global economic conditions -- activities of competitors
and the presence of new or additional competition and conditions of
equity markets.
CONTACT: PBS Holding, Inc. IR@pbsholdings.info 214-418-6940
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