Premiere Opportunities Group, Inc. Announces Direct LED, Inc. Registration Statement and Further Clarifies Shareholder Ownership Requirements
(firmenpresse) - TOTOWA, NJ -- (Marketwire) -- 05/24/12 -- Premiere Opportunities Group, Inc. (OTCQB: PPBL) (OTCBB: PPBL) () is pleased to announce that Direct LED, Inc. (formerly LuminX, Inc.) is set to file its S-1 Registration Statement with the Securities and Exchange Commission next week.
Chris Giordano, Premiere's Co-Chairman, stated, "This is the beginning of our ongoing strategy to increase shareholder value by distributing equity in our client companies when feasible. The timing of such registration statement will be determined by each client company and Premiere will advise each company where necessary as part of our ongoing services to them."
Shareholders of Premiere will receive shares of each company's common stock when that client company decides to go public but only in the event that they are shareholders of Premiere on the day that the Securities and Exchange Commission deems the client company's registration statement "Effective."
Premiere will register the shares it owns in each company and when finally approved by the Securities and Exchange Commission will distribute those shares on a "pro rata basis" to its shareholders of record on the "effective date" of the client companies Registration Statement.
It is our intent and part of our intermediate to long term strategy to continue advising companies in the private sector on matters of corporate strategy and strategic planning. In most cases these entities are seeking to become public companies as part of their long term goals. In such cases we will distribute the equity held by Premiere to our shareholders.
We are enthusiastic that this strategy will develop long term value for our shareholders.
Contact:
Chris Giordano
973-390-0072
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Datum: 24.05.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 149833
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TOTOWA, NJ
Kategorie:
Investment Services & Trading
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