A/S
SHARE REDUCTION /
O/S
RESTRUCTURE DEVELOPMENTS
PBS Holding Inc., (PBHG)
New Shareholders Updates:
Dallas, TX -- January 21, 2020 -- InvestorsHub NewsWire
-- PBS
Holding, Inc. (OTC:
"PBHG"), (the "Company"),
PBS Holding Inc.,
is
pleased to announce major share structure changes and
restructure
of
the company's Authorized Shares,
(A/S)
and Outstanding Shares (O/S). The management will post the new
count with the OTC Markets filings, and the SOS WY will do
likewise.
"We will retire over 1 billion of O/S in reserve and lower the A/S
by over 60%. The exact numbers will be published as well as
announced on next
week's
updates and PR.
Also, the
management is interviewing a PCAOB CPA firm to complete audited
financials in anticipation for this year's growth and
enhance
shareholders value with transparency."
Stated Edward Vakser, Chairman/CEO.
Recently the company announced additional developments for its 2020
Business Plan.
Management
is happy to announce the completion of yet another "phase" of
planned business development and acquisition business
plan.
The company secured a
20-acre
deal in Oklahoma, for the purpose of developing and expanding its
holdings in MJ industry and its related genres. The
development
will allow the planting, growth and harvesting of the Cannabis. The
deal also includes all proper state licensing for growth,
processing and distributing MJ and related products.
"We are excited with the deal and everything that comes with it!
Our contract includes a future expansion for up to 200 acres and is
fully vetted and licensed in the state of Oklahoma. This deal had
taken a long time to complete due to various details and compliance
issues, but as MJ markets are expanding, it's a very lucrative and
exciting opportunity for our company and its
shareholders!"
commented Mr. Vakser, Chairman/CEO.
The management is excited with a potential for the revenues. The
average is approximately 300 plants per acre, and at 4 pounds per
plant, at approximate 1200 pounds per acre would average $ 300.00
US per pound wholesale, would yield an approximate average of $ 3.6
Million (US) per acre. This being calculated as a wholesale revenue
projection
has a potential of over $ 50 Million
per year and
is also very exciting for the company since the company has several
financial interests and investments in other companies that
specialize in distribution and dispensing of the MJ products
which would add addition revenues and good will to
all our
investments.
The company developed an acquisition path using its preferred share
structure in order to create a fully developed portfolio, while not
exposing its common stock
nor creating additional debt or notes that otherwise could pressure
the market.
"We had renegotiated and retired debt and notes in order to give
the "Holding Company" a greater chance and opportunity for success.
By acquiring the companies with our preferred, and not doing
"mergers" per se, this will protect us and help achieve our goals
and company's plans without the fear of "notes" and reverse stock
splits looming and/or being dictated by new management. We designed
a "Three Phase"
acquisition formula, so I can firmly commit that there will be no
RS!" Exclaimed very excited Edward Vakser, Chairman
/CEO,
PBS
Holding Inc.
PBS
Holding,
Inc.
(PBHG)
PBS Holding Inc., is a publicly trading company whose goal is to
acquire, develop and secure companies and revenue producing
projects in order to grow its portfolio. The company's growth is
accomplished by strategic mergers and acquisitions.
PBS
Holding
Inc.
Is currently updating and upgrading its "Enterprise Software Sales
Portal"
for its
direct
sales
group
and
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.
Ev24903@gmail.com
214-418-6940
https://www.facebook.com/PBS-Holding-Inc-214636628584710/
https://twitter.com/IncPbs
