VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 9, 2016) -


Premier Diversified Holdings Inc. ("Premier") (CSE:PDH) announces that on May 6, 2016 it acquired 500,000 Class B Common shares of Arcola Developments Ltd. ("Arcola") for a total subscription price of $500,000, paid in cash.

Arcola is a newly formed company which was created for the purpose of acquiring land for a development opportunity in Burnaby, B.C., a suburb of Vancouver. Arcola intends to develop a 22 unit residential housing complex on certain lots located in a residential Burnaby neighbourhood and has entered into contracts of purchase and sale to acquire six adjacent lots. The development will be managed by Arcola's project manager, Kingswood Real Estate Management Inc. ("Kingswood"). All shareholders of Arcola are party to a unanimous shareholders' agreement dated for reference February 26, 2016.

"We have previously partnered with Kingswood and its dynamic management team of Ketan Ladva, Sanjiv Sheth and Vipul Pachchigar," stated Sanjeev Parsad, CEO of PDH. "While the Vancouver real estate market remains incredibly energetic, in our view supply relative to demand remains at multi-decade lows. We are very cautiously participating in select projects with limited downside." In October 2015, Premier acquired an interest in Bentley Homes Limited Partnership, of which Kingswood is the general manager.

Premier will not be active in the management or operations of Arcola or Kingswood. More information about Kingswood may be found at

About Premier Diversified Holdings Inc.

Premier is a British Columbia company which operates in diversified industries. It acts as a holding company (either directly or through a subsidiary) that may be active in the management of its subsidiary companies to varying degrees. Information about Premier may be found at

On behalf of the Board of Directors

Sanjeev Parsad, President, CEO and Director

The Canadian Securities Exchange (CSE) has not reviewed the adequacy or the accuracy of the contents of this document. Company information can be viewed here: Further information regarding the Company can be found on SEDAR at

Legal Notice Regarding Forward-Looking Statements: This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements in this news release include statements regarding the acquisition, development and project management of a residential property in Burnaby, B.C., and Premier's anticipated lack of participation in the management and operations of Arcola and Kingswood. Factors that could cause actual results to differ materially include without limitation that the acquisition, development and/or management of the aforementioned property will not proceed as planned, or at all; that the development will be managed by an entity other than Arcola or Kingswood; that there will be insufficient funds raised by Arcola for the development, or completion of development, of the afore-mentioned property; and that Premier's role in the management and/or operations of Arcola or Kingswood may change. Investors are cautioned against placing undue reliance on forward-looking statements. It is not our policy to update forward looking statements.

Contact Information:

Premier Diversified Holdings Inc.
Sanjeev Parsad
President and CEO
(604) 678.9115 ext 205