PBS Holding, Inc. (PBHG) Announces the Acquisition of a World Leader in Water to Fuel Technology
March 25 2014 - 10:45AM
Marketwired
PBS Holding, Inc. (PBHG) Announces the Acquisition of a World
Leader in Water to Fuel Technology
DALLAS, TX--(Marketwired - Mar 25, 2014) - PBS Holding, Inc.
(OTC Pink: PBHG) (PINKSHEETS: PBHG) (the "Company"), announces the
acquisition of a world leader in water to fuel technology.
PBS Holding Inc. would like to announce the acquisition of all
the exclusive rights, and technology, to manufacture and distribute
worldwide, this proprietary technology in converting the components
of water (hydrogen/oxygen) to fuel. The Company has begun moving
this Atlanta based manufacturing and distribution center to Dallas
where it will be placed into and operate under the name Water To
Fuel Technology Inc., a subsidiary of PBS Holding Inc. The website
information for Water To Fuel Technology Inc. will be released
later this week.
As we see the growing concerns of rising fuel prices, it only
made sense for us to offer an inexpensive and affordable way to
help increase fuel mileage and efficiency with the installation of
a Hydrogen Generator. By converting the components of water into
its primary elements of Hydrogen and Oxygen (HHO) and introducing
the hydrogen/oxygen gas it produces in conjunction with your
regular fuel, our Hydrogen Generators have shown to improve the
fuel economy of your engine from 15 - 45%+ as well as drastically
reduce emissions to exceptionally clean standards. Our Hydrogen
Generators can be used on any piston-powered engine such as those
in cars, trucks, diesel trucks, boats or stationary engines such as
power generators and irrigation pumps. Our Hydrogen Generators will
work on a wide range of fuel such as gasoline, diesel, bio-diesel,
vegetable oil, ethanol, E85, E10, CNG and LPG. By converting your
vehicle in to a Hydrogen Hybrid, this alternative renewable energy
will not only improve fuel economy but it will also drastically
reduce emission exhaust levels. Hydrogen Generators are an on
demand supplemental fuel system.
We are extremely excited that our negotiations were completed in
a timely manner, and appreciate Mr. Stokes accomplishment in
securing this deal so quickly for PBS Holding Inc. Now that this
acquisition has taken place, Mr. Stokes has chosen to step down as
the CEO, and continue as an outside consultant to bring more deals
and acquisitions to the Company. Our newly appointed president,
Michael Reed, has a degree in engineering from Texas A&M. He
will be a tremendous asset to the company as he brings a wealth of
experience and management skills that will make this acquisition
run and operate smoothly.
"This is our second major acquisition in less than 2 months. We
estimate combined revenue from both of these companies; Jazz
Candles and the acquired company being placed into Water To Fuel
Technology Inc., to be over $3.2 million for 2014, based on their
past year's revenue, and in hand purchase orders. We will continue
to work in making PBS Holding Inc. completely diversified, by
having multiple revenue channels, which will provide a major stream
of income to our Company," stated Mr. Vakser. More updates to our
shareholders will come as developments take place.
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, and
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
PBS (CE) (USOTC:PBHG)
Historical Stock Chart
From Jul 2024 to Aug 2024
PBS (CE) (USOTC:PBHG)
Historical Stock Chart
From Aug 2023 to Aug 2024