DALLAS, TX / ACCESSWIRE / September 25, 2014 / PBS Holding, Inc., (OTC Pink: PBHG) PBHG, (the "Company"), announces today the current revenue forecast and the successful business developments.
Recently, the management traveled to China in order to introduce and prospect several dynamic products and projects. The overwhelming response and the receipt of actual Purchase Orders has prompted the management to share the good news with its shareholder base and the public.
"We are excited to announce that there has been an overwhelmingly enthusiastic response from retail chains to the Thomas Kinkade 3D Framed Art. Having the merchandise available for immediate delivery has provided opportunity for customers to have inventory on their shelves for the busy holiday season. It is expected that the first container will be sold out and shipped by the end of October. PBS has made commitments for additional inventory to be shipped from their factory to maintain continuity of supply. The Phoenix Fulfillment Group network of experienced sales professionals has achieved the company goals for the distribution of Thomas Kinkade Framed 3D Art to several of its major customers. Sales are projected at $310,000 during the next 45 days. As the pipeline for the flow of merchandise is filled, revenues are expected to steadily grow, with a goal of one container every 45 days during the next six months yielding revenues of $320,000 per month, or approximately $3,840,000 annually," stated Scott Weinert Company President, and CEO of Phoenix Fulfilment Group.
"Our company is very dynamic and diversified. The management has made several key acquisitions and investment decisions during the past year, and it has taken longer for the investments to begin showing revenues and confirm the management's original assessment and a plan for a great financial return to the company. None of us have a crystal ball, and even the best of plans can fail. This is why, the management wanted to share the latest achievements of milestones and share its excitement with the shareholders before the 3rd Quarter financials are filed in November. We had a lot of inquiries about our progress and since the arrival of the Purchase Orders and the success of Phoenix Fulfilment Group, we feel comfortable to publish our revenue projections and current achievements. We also have several purchase orders for the Hydrogen Division of our company, http://www.water2fueltechnology.com, and we are extremely encouraged by the responses and Purchase Orders that we are receiving there. This additional revenue will affect our revenues as well as enhance our bottom line. We will follow up with the actual financial outlook and year end forecast next week," stated Scott Tassan, CFO PBS Holding Inc.
The Company and its management wishes to inform its shareholders, that due to the company's movement from a “development” stage to a revenue producing company, the management is in discussion with its attorneys for the purpose of preparing the company's filings to upgrade to an OTCQB (OTCBB) fully reporting company.
Recently the company announced the following:
PBS Holding Inc., announces that it will introduce its exclusive consumer product gift and decor lines to selected mass merchant retailers. PBS Holding is the exclusive distributor of Thomas Kinkade Framed 3D Art and also Jazz Candles & Wax Melts. Scott Weinert, President of PBS Holdings, has begun a roll out of these branded products to selected chain store retailers. Mr. Weinert stated that, "With the key veteran sales representatives which we have in place throughout the USA, we will supply and service some of the leading mass merchant retailers who are looking for branded product to differentiate themselves from their competitors." Thomas Kinkade framed art has rarely been available for distribution by chain stores and this unique 3D Dimensional Paper Tolle series will be a first in the market place. In the past, Jazz Candles has been sold exclusively to smaller gift stores. PBS Holding is completing the transition of manufacturing of Jazz Candles from Shreveport, Louisiana to Dallas, TX and will begin manufacturing and distribution in the month of September. The distribution of Thomas Kinkade Frame 3D products is in full operation with the introduction of the product line at the Vegas Home Furnishing Market in late July. PBS Holding Group is shipping from its warehouse and distribution center in Dallas. Mr. Weinert stated that "our sales reps are thrilled to have these great products and successful brands available for our customers, especially with fourth quarter opportunities and early 2015 sales season upon us."
The Retail Gift Market is only one area of the market we are going to reach with Kinkade Framed Art and Jazz Candles. We are going to follow what Scentsy did by going into the Direct Sales Marketing. Scentsy produced $535 million in sales in 2011 with their wax melts and warmers. We know their sales model has proven to work in the candle industry. By the Company adding this Direct Sales Model it should produce a huge increase to the established revenue that Jazz Candles is currently bringing in. We will keep our shareholders updated as we continue to move forward with the Company.
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: www.water2fueltechnology.com
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 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 of Republic Latin America.
About PBS Holding, Inc.
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 through its direct sales group, recently launched, “Alive Again” and "De Vie Sun", which is translated, "Healthy Life". These products are the first to be introduced by the Company, which is focusing on the development, marketing and distribution of nutritional and functional beverages for consumers. This sales and marketing division will also be selling exclusive licensed Thomas Kinkade 3D art and other Art, Memorabilia and Lifestyle Lines of Products and Services. The Company is marketing these products through its Enterprise Software Sales channel www.starfestdirect.com. PBS Holding Inc., recently acquired www.water2fueltechnology.com and www.jazzcandles.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.
214-418-6940
SOURCE: PBS Holding, Inc.
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