CLEARWATER, Fla., Jan. 17, 2012 (GLOBE NEWSWIRE) -- PV Enterprises (Pink Sheets:VDSC) is pleased to announce the company has placed a down payment to acquire a 27000 tonnage 600 feet long Oceanliner Cruise Vessel. This magnificent Cruise ship has luxury accommodations, large public spaces with 650 seats dining room, Bistro, Disco, 5000 Sq Feet Casino, Main Show Lounge, and seven bars to accommodate 1200 passengers and 600 crew members. This vessel will be used to fulfill the obligations of a signed charter agreement with Yeosu Expo 2012 in Korea for four months (http://www.worldexpo2012.com/). This charter alone will bring to the company gross revenue of $10,340,000 USD and on board revenue of an additional $3,000,000 USD in the four months alone. The management team is diligently working on additional cruise development in South America and the Caribbean to follow the obligations in Yeosu Korea. PV Enterprises has completed the reverse merger into ALAS and is moving forward to build a dynamic global shipping company. Peter Villiotis, Chairman, stated, "This is a first step and a major step in creating a global shipping company that has been promised to our investors. The management team is presently working on several more acquisitions and we look forward to sharing this information with our shareholders as soon as documents are signed."
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.
Investor Relations Edwin Salmon 727-736-4724