CLEARWATER, Fla., May 11, 2011 (GLOBE NEWSWIRE) -- ALAS International Holdings, Inc. (Pink Sheets:VDSC) today announced that they have acquired 100% of the SAENZ CORPORATION, a Delaware corporation, and its $20 million in assets.
SAENZ has offices in England, Greece and Turkey, that has operated successfully and profitable for 25 years in the Mediterranean area chartering their own fleet of yachts.
The company will reposition their operations to Florida, in order to begin operating their yacht charters in the Bahamas, Turks and Caicos Islands. SAENZ will offer day and weekend trips, with priority to the islands that has limited activities for arriving vacationers and passengers aboard the major cruise lines. We believe with year round operations in the islands both revenue and profits will increase.
Edwin Salmon, ALAS CEO, stated, "The acquisition of SAENZ, operated by seasoned travel industry professionals that understand the cruise business, has developed a long range plan that includes working with cruise lines, booking and travel agencies that should insure our continued success."
About ALAS International Holdings, Inc.:
ALAS International Holdings, Inc., a Nevada corporation, is an international project financing and holding investment corporation, which owns and operates through its wholly owned subsidiary, Redtide Defense Group, Inc. (http://www.redtidedefense.com/">http://www.redtidedefense.com/) which is a manufacturer of UAV (Unmanned Aerial Vehicles. The Company is looking to grow both organically and through strategic acquisitions.
Safe Harbor Act Disclaimer: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.