FT. LAUDERDALE, Fla.,
Jan. 14, 2014 /PRNewswire/ -- PV
Enterprises International, Inc. (OTC:PVEC, the "Company")
wishes to inform our shareholders that as of January 10, 2014, the company has identified a
total of 1,098,686,000 shares of its common stock as having been
issued during the course of multiple conversions of the same notes.
The company initially identified the extent of these multiple
conversions in late November 2013 and
has since worked diligently to identify all parties responsible. As
such, we have worked with various regulatory offices, the
authorities and our recently retained legal counsel to assist us in
our efforts to conduct a comprehensive identification of these
activities.
Effective January 14, 2014,
the company has successfully completed the collection and return of
499,998,000 shares of its common stock back to the company treasury
for cancellation. This as a result of successful negotiations with
parties issued stock during the aforementioned activities.
Presently, there are 598,688,000 shares of common stock that the
company has issued a "Stop Order" on. We are confident all efforts
will ultimately assist us in returning all suspect stock to the
corporate treasury.
We wish to extend our gratitude to our shareholders for their
patience as we continue to proceed in our actions to reverse these
issues and move forward in securing a bright future for our
shareholders and the company.
On January 13, 2014 the
company announced its merger with Go Charts Marine, L.L.C. (VCG
Navigation). VCG has positioned itself in Fort Lauderdale, Florida "the Venice of America", the boating capital of the
world. Ft. Lauderdale consists of
some of the leading yacht manufacturers and yacht accessories
companies.
Go Charts Marine, L.L.C./VCG Navigation was formed November 31, 2000 in Ft. Lauderdale, Florida to provide
recreational boaters with the required information to fully enjoy
their experience on the water. Go Charts Marine/VCG Navigation is a
member of the Marine Industries Association of South Florida (M.I.A.S.F.). Go Charts
Marine/VCG Navigation has developed and brought to market a unique
weatherproof nautical publication encompassing navigational
features (charts), points of interest (fuel docks, marinas,
restaurants, color coded speed / manatee zones, etc., all copy
written) with display advertising of interest to all boaters, in a
simple-to-navigate, floating format ideally suited for the
industry, "THE VISUAL CRUISING GUIDE". The VCG is area specific and
each geographical region such as Florida, California, Washington, New
York, Virginia,
Massachusetts and Connecticut for example, all are divided into
sections with each section size primarily determined by the amount
of waterways and boating related businesses in that area.
Income from VCG Navigation is currently generated as
follows:
1.) Guide Sales (retail and wholesale)
2.) Advertising Sales within the publication & software
3.) Online Web Ad Sales.
Go Charts Marine's printed publication has been
an enormous success over the past 13 years, during which time the
company has developed the most current GIS (Geographical
Information System) Data Layers for each areas brought to market.
VCG and a team of programmers have completed the second stage of
programming and basic design layout of our very own GIS Mobile
navigational "App" Chart interface from our cloud server.
Go Chart Marine/VCG Navigation is
using existing and proven technologies in various fields, combining
them to design our own unique software & charts that should
soon become an industry standard.
VCG provides a full spectrum of navigational & reference
products, including but not limited to:
Visual Cruising Guides (20)
Quick Reference Guides (4)
GPS / Wi-Fi Chart Plotters
Navigational "App" Cloud Sever System*
VCG Navigation is expanding quickly due to its extensive client
base and use of automation. Through modern technology and advanced
equipment, our products are processed from online orders to drop
shipping and from raw material to finished products. With a simple
click of the mouse or a phone call, orders can be shipped
nationally or internationally.
This alliance between PV Enterprises International & Go
Charts Marine/VCG affords this partnership the ability to rapidly
increase its reach into the maritime and ecotourism industry
utilizing a unique approach founded on considerable expertise
within the maritime industry.
For further inquiries please contact ir@pvefl.com
Safe Harbor Statement: This press release contains statements,
which may constitute forward-looking statements within the meaning
of the Securities Act of 1933 and the Securities Exchange Act of
1934, as amended by the Private Securities Litigation Reform Act of
1995. Those statements include statements regarding the intent,
belief or current expectations of PV Enterprises International,
Inc., members of their management, and assumptions on which such
statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements.
PV Enterprises International, Inc.
1850 SE 17th Street Suite 305
Ft. Lauderdale, FL 33316
ir@pvefl.com
https://pveinternational.com
SOURCE PV Enterprises International, Inc.