President's Shareholder Update January 2013
January 28 2013 - 8:15PM
OTC Markets
PRESIDENT'S SHAREHOLDER UPDATE JANUARY 2013
I am pleased to report that over these past couple of
months, PEI Worldwide Holdings, Inc. (PEIW) has diligently worked
in locating, negotiating and agreeing to preliminary terms with an
international investor who is financially ready to commercialize
Thura-Block and its related technology throughout the global
construction market.
Several options are being actively considered on how PEIW
plans to consummate this venture. However, due to a signed
confidentiality agreement between PEIW and the investor, specific
dates and terms cannot be disclosed at this time.
It has always been foremost with PEIW management that
whatever path our company takes, shareholder value will be
protected and enhanced. In this "fast moving" scenario, as
developments occur, information will be disseminated to
shareholders and the investment community.
Coincident with these discussions, development continues
on our KRISTELYN EPS bead equipment. This new equipment produces a
"hard case bead" having application in many additional Thura-Block
construction products.
Utilizing this new "hard case bead", PEIW in combination
with its Thura-Block equipment manufacturer, has delivered a 14,000
unit per day production system having a base cost far below
previous quoted production systems. This will allow PEIW, as well
as PEIW licensees, to increase Thura-Block production at a reduced
cost, further adding to the profitability of these construction
products.
PEIW recently received positive indication that funding
for a joint venture agreement to manufacture and sell Thura-Block
products in the Caribbean will soon commence.
Additionally, PEIW is pleased to announce that Mr. Kurt
Roelofs has joined our management team as a consultant. Kurt, has
more than 30 years in the global automotive supply industry, and
continues to be a valuable asset advising on global manufacturing
and sales.
"There has never been a moment that I pondered "throwing
in the towel" on Thura-Block and its related products! I have
invested over five years and nearly $2 million dollars of personal
funds in keeping PEIW alive and viable. As PEIW'S major
shareholder, I firmly believe that current discussions, which will
soon lead to a final decision, will beneficially impact our
company." PEIW will release information as it becomes
available.
Sincerely,
PEI Worldwide Holdings, Inc.
Gifford Ludwigsen – President
Forward-Looking Statements Disclosure
This press release may contain “forward-looking
statements” within the meaning of the federal securities laws. In
this context, forward-looking statements may address the Company’s
expected future business and financial performance, and often
contain words such as “anticipates,” “believes,” “estimates,”
“expects,” “intends,” “plans,” “seeks,” “will,” and other terms
with similar meaning. These forward-looking statements by their
nature address matters that are, to different degrees, uncertain.
Although the Company believes that the assumptions upon which its
forward-looking statements are based are reasonable, it can provide
no assurances that these assumptions will prove to be correct. All
forward-looking statements in this press release are expressly
qualified by such cautionary statements, risks, and uncertainties,
and by reference to the underlying assumptions.