PBS Holding, Inc. (PBHG) Announces New Management Change and Purchase Orders on MagDrive HHO Generators
May 21 2014 - 10:15AM
Marketwired
PBS Holding, Inc. (PBHG) Announces New Management Change and
Purchase Orders on MagDrive HHO Generators
DALLAS, TX--(Marketwired - May 21, 2014) - PBS Holding, Inc.
(OTC Pink: PBHG) (PINKSHEETS: PBHG), (the "Company"), announced
today that Mr. Todd More has accepted the position as the new
Chairman of the board, replacing co-founder Mr. Vakser.
"This company is becoming a powerhouse with multiple
acquisitions and a great new management team. I feel that these new
businesses will increase our revenues and in turn will provide a
greater shareholders value and will build a larger investment
portfolio for the Company. I'm pleased to pass on the management to
great executives and entrepreneurs. This move will allow me to move
on and spend time on other projects and acquisitions." stated
Edward Vakser, former Chairman of PBS Holding Inc.
A few weeks ago the Company announced the completion of the
manufacturing and distribution facility for Water To Fuel
Technology Inc. Today we are excited to announce the fulfillment of
in hand purchase orders for our HHO Generators. Last week,
President Michael Reed installed a series 23A Magnum Duel Cell
System on a customer's 2006 Ford F-350 truck that will be used
for hot shot deliveries. Several more units will be installed in
the weeks to come. The series 23A Magnum Duel Cell System will be a
great unit for anyone operating a hot shot delivery company across
the country. This system will typically increase fuel mileage by
20%.
Major efforts are now being made to continue marketing and
selling the MagDrive HHO generators to the trucking industry, motor
home industry, the heavy equipment industry along with heavy
equipment construction companies, and generator manufacturers.
Michael Reed will be heading our nationwide expansion effort for
marketing, selling and assembling a new sales force throughout the
country at large. We want to thank Michael Reed for helping set up
the facility and undergoing the training to know exactly how to
build the HHO generators. He will also oversee the full production
and exclusive worldwide distribution of these units.
For more information send your inquiries to
info@water2fueltechnology.com. Mr. Reed has vast knowledge on
installing these HHO generators on any vehicle and will be setting
up installation facilities across the country over the next year.
The Company will keep you updated with news on
www.twitter.com/water2fueltech., and website
www.water2fueltechnology.com .
CEO, Todd Moore, stated, "These are exciting times for our
company, and immense progress is being made. We want to thank our
former chairman, Edward Vakser, and wish him all the best in future
endeavors. Furthermore, we are putting the finishing touches on our
brand new website and expect it to be finished before the end of
the month." We look forward to providing continued updates in the
coming weeks on the great progress made by both Jazz Candles and
Water To Fuel Technology Inc. - Two companies we acquired this year
and well on their way to combined estimated revenue of over $3.2
million for 2014.
About Water To Fuel Technology Inc. Water To Fuel Technology
Inc., a subsidiary of PBS Holding Inc. has the exclusive rights,
and technology, to manufacture and distribute worldwide,
proprietary technology in converting the components of water
(hydrogen/oxygen) to a supplementary fuel. These HHO generators
will work in all piston-powered engines. We currently have 10
distributors in the USA, along with distributors in each of the
following countries: Africa, Bolivia, Brazil, Italy, and the
Dominican Republic Of Latin America.
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 Mar 2024 to Apr 2024
PBS (CE) (USOTC:PBHG)
Historical Stock Chart
From Apr 2023 to Apr 2024