Premiere Opportunities Group, Inc. Signs Agreement With Flex Fuel Technologies, Inc. and Sets Definitive Date for Closing Its...
May 17 2012 - 9:00AM
Marketwired
Premiere Opportunities Group, Inc. (OTCQB: PPBL) (OTCBB: PPBL)
(www.premiereopportunities.com) has signed an advisory agreement
with Flex Fuel Technologies Inc. (www.flexfueltech.com) to assist
the company with its strategic planning, EPA testing and budget
planning for the future introduction of its products into the
automotive aftermarket.
Flex Fuel Technologies, Inc., after several years of testing,
has developed a " bolt on technology" that allows most four, six
and eight cylinder cars to run on both E85 (ethanol) as well as
gasoline at a fraction of the cost that a buyer would pay at the
OEM/Dealer level for the flex fuel option on a new vehicle.
The product known as Flex Genie ™ will begin its EPA testing in
the mid-summer and expect to be completed with that testing by the
end of 2012. If the results are as expected, Flex Fuel Technologies
will begin the commercialization process of this breakthrough
product immediately thereafter. It is expected that the Flex Genie
will be priced at well under $1000, installed and be distributed in
both retail stores as well as other distribution channels.
The Company will also assist Flex Fuel Technologies, Inc. with
its other goal of becoming a public company and expects the Company
to file its registration statement with the Securities and Exchange
Commission this coming June.
The Company is also happy to announce that it has set May 29th
as the definitive closing date for Premiere's merger with Global
Products, Inc.
Upon the consummation of the merger with Global Premiere,
shareholders will own shares not only in Global Products, Inc., but
also retain shares in our other client companies, including but not
limited to Luminx Holdings, Defense Technologies Corp., Flex Fuel
Technologies Inc. and Trident Equity Advisors Inc., all of which
will file separate registration statements with the Securities and
Exchange Commission to become stand-alone public companies.
The Company looks forward to the future with great enthusiasm
and expects it to be filled with opportunity for Premiere
shareholders as the Company continues to make our reputation
stronger by virtue of the services it delivers to our client
companies and the value it creates for our shareholders.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: Chris Giordano 973-390-0072