PBS Holdings, Inc., (PBHG) Announces Additional Products in Its
Cannabis Product Line Geared Toward the Hispanic Market
DALLAS, TX--(Marketwired - Mar 18, 2014) - PBS Holdings, Inc.
(OTC Pink: PBHG) (PINKSHEETS: PBHG) (the "Company"), today
released the following update.
PBS Holdings is proud to release additional items to its
cannabis product line geared toward the Hispanic Marketplace and
Update of our Current Share Structure.
The company would like to announce a line of cannabis infused
seasonings geared towards the Hispanic consumer. We have in
development a seasoning line much like the popular seasonings
made by Goya. We plan to expand a full line of cannabis
infused edibles geared towards the Hispanic Marketplace. This
sector of the foods market (Hispanic) is expected to grow to over
$10 billion next year, which we feel, will marry nicely with
cannabis edibles. This will be the third addition to our
cannabis edibles product line, which we believe will be the hottest
growth sector within the cannabis sector for the foreseeable
future.
We would also like to announce our current share structure as it
has been subject to much speculation and incorrect information
recently. We want to be as transparent with our shareholders as
possible. Our current count of shares outstanding is
403,422,890 million shares, of which; 146,918,120 are "free
trading". The "free trading" block consists of: Cede & Co.
(in a street name) 87,985,596 shares, and 58,932,524 in "insiders"
hands, (officers, employees and directors), of which 7,500,000 free
trading shares will be returned to the treasury and cancelled.
Once these 7,500,000 free trading shares are cancelled the total
shares held by the "insiders" hands, (officers, employees and
directors), will be reduced to 51,432,524.
The company is in the final decision process on choosing and
announcing new company officers and new professional services
providers. The goal is to begin the process to become a fully
reporting filer and move to the next trading tier.
"We are striving to increase transparency and quickly take
advantage of the tremendous opportunity presenting itself in the
cannabis edibles infused marketplace. Our recent funding deals and
initiatives are designed to take advantage of our relationship with
the funding group that will allow our company to fund the new
products and new product development and a manufacturing, without
the typical "toxic" financing. Our share structure is very
conservative and is one of the smallest in this market segment,"
explains Mr. Vakser.
Recently, the company completed several acquisitions and
distribution agreements:
"Our company, PBS Holding Inc., represents several products from
its own wholly owned subsidiaries, such as DeVieSun ("Healthy
Living") products, Jazz Candles and various products for the new
and emerging Marijuana Markets. The distribution deals with GPP and
CMG, are perfect strategic partners to represent our products to
all segments of retail and distribution chains. GPP and CMG have a
tremendous background and have developed relationships and clients
with some of the largest retail stores, and markets across the
country. Our current "direct sales" approach is being developed for
the MLM and Direct Sales industries, while the distribution
deal with GPP and CMG will open doors to a wider audience to
increase our sales potential for all of our product lines in the
retail markets. By doing this we will be completely diversified by
having multiple revenue channels, which will provide a steady
stream of income to our company," stated Mr. Vakser.
We will continue to update our shareholders frequently on our
new products as they roll out and as distribution agreements are
signed with various retail chains and convenient stores.
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
About GPP and CMG companies:
Global Product Placement LLC, http://gppallaccess.com/, ( GPP),
a strategic partner and sister company of Cold Mountain
Group Inc., (CMG). www.coldmountaingroup.com are companies
with a vast experience and background in sales and distribution of
hundreds of products on a National and International level.
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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