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SOURCE PV Enterprises International, Inc.
Focus on Corporate Restructuring and Symbol Change
FORT LAUDERDALE, Fla., Dec. 20, 2013 /PRNewswire/ -- PV Enterprises International, Inc. (OTC: PVEC, the "Company"), a global shipping management company spinning into specialty cruise ecotourism, is pleased to provide a following corporate update to its shareholders and the investment community. This release includes information about the company's recent ticker symbol change.
In alignment with the company's revised corporate objectives, PV Enterprises Int'l has enacted several important transformative changes to its corporate structure that reflect the company's rejuvenation and emergence as a key contender in specialty cruise ecotourism.
"We really want to illustrate that we are layering the foundations, planting the seeds for an entirely transformed corporate entity. Our company has been in dire need of a rebirth and we are rapidly reforming PVEI to reflect its nascent revival," stated Mr. Peter Villiotis, CEO of PV Enterprises Int'l Inc.
A significant recent change that depicts this shift in corporate focus from shipping management to specialty cruise ecotourism is the replacement of PV Enterprises Int'l previous stock symbol VDSC with its current one PVEC. The company believes that this new stock symbol will be symbolic of the transformation occurring in the company, and will signal to the investor community at large, a corporate reawakening and new era for PV Enterprises Int'l, including greater transparency. Important to note however is the fact that PV Enterprises Int'l, is not yet fully reporting and is not required to and cannot file 8K forms, nonetheless the company will still do its best to release material information to the public as befits the significant changes currently underway.
Mr. Peter Villiotis, CEO of PV Enterprises Int'l, states, "From here onwards we intend to be much more transparent with our investors about the important changes currently underway. We have duly recognized and taken into account the concerns of our shareholders and the demand for greater transparency of PVEC's operations. Thus in light of this we have taken a series of measured steps to ensure that material information is released in a timelier and more open fashion to assuage any outstanding concerns of our shareholders."
Furthermore in accordance with the company's revised strategic objectives, a comprehensive corporate restructuring has been underway, ensuring that experienced talent coupled with fresh energy achieves successful follow-through. PV Enterprises Int'l has also recently entered into a strategic partnership with an American world-wide established investment bank that has been providing corporate advisory to the company, including facilitating the recent $800,000 master license agreement with Tanke Inc.
"In being consistent with our commitment to our revised corporate strategy, we have had to reevaluate our current structure, which mandates fresh talent that can enable the company to achieve its goal of becoming an industry leader," stated Mr. Peter Villiotis, CEO of PV Enterprises Int'l Inc.
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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.
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