SOURCE: PBS Holding, Inc.
DALLAS, TX--(Marketwired - Apr 10, 2014) - PBS Holding, Inc. (OTC Pink: PBHG) (PINKSHEETS: PBHG), (the "Company"), announces the training and building of HHO Generators.
PBS Holding Inc. would like to announce that the employees of Water To Fuel Technology Inc., a subsidiary of PBS Holding Inc., are currently in training to manufacture the MagDrive Hydrogen Generators developed by Jim Cornell, CEO of Fuel From H2o Inc. an Atlanta based business. Jim will be in Dallas for about 3 more weeks as he continues to train PBS Holding Inc. President Michael Reed, along with 4 other employees of Water To Fuel Technology Inc. Mr. Reed was very familiar with the MagDrive Hydrogen Generators sold by Fuel From H2o Inc. He has been a distributor of the MagDrive Hydrogen Generators for the past several years where he sold and installed the units in the local Dallas area. He is now learning how to build the MagDrive Hydrogen Generators where he will be overseeing the full production and the exclusive worldwide distribution of these HHO generators. There is no question Mr. Reed will be a tremendous asset to the Company as he brings a wealth of experience and management skills that will make this acquisition run and operate smoothly. Mr. Reed expects that we will be in full production and start shipping units to fulfill current in hand purchase orders by May 10th 2014.
As was announced last week, Fuel From H2o Inc. (www.FuelFromH2o.com) has given Water To Fuel Technology Inc., a subsidiary of PBS Holding Inc. the exclusive rights, and technology, to manufacture and distribute worldwide, their proprietary technology in converting the components of water (hydrogen/oxygen) to a supplementary fuel.
"We are very excited with the direction the Company is taking as we are striving to bring in major revenue for 2014 and beyond. This is our second major acquisition in the last 2 months. We estimate combined revenue from both of these companies; Jazz Candles and Water To Fuel Technology Inc., to be over $3.2 million for 2014, based on their past year's revenue, and in hand purchase orders. We are very excited to have both of these companies in our portfolio. Both are well-established companies that will bring instant revenue to the Company," stated Mr. Reed.
About Water To Fuel Technology Inc.
Water To Fuel Technology Inc., a subsidiary of PBS Holding Inc. has the exclusive rights, and technology, to manufacture and distribute worldwide, proprietary technology in converting the components of water (hydrogen/oxygen) to a supplementary fuel. These HHO generators will work in all piston-powered engines and with any fuel. We currently have 10 distributors in the USA, along with 1 distributor in each of the following countries: Africa, Bolivia, Brazil, Italy, and the Dominican Of Republic Latin America.
About Jazz Candles
We strive to provide our customers the safest and highest quality products available on the market today. In an age when the candle industry has been inundated by candle marketers, we stand fast to our commitment to the craft and art of making quality highly scented candles. It takes a careful formulation of quality ingredients to create strong scented candles, with brilliant colors, true fragrance scents, and a consistency that makes the candle burn cleanly and safely. We continue to research and develop fragrances and wax formulations that serve as the major foundation that has made our candles the leader in the industry of highly scented candles. Our method is not the easiest or least expensive way to make candles, but we believe it is the right way -- the only way to get the safest, highest quality candles you have come to expect from Jazz Candles. www.jazzcandles.com
About PBS Holding, Inc.
PBS Holding Inc through its direct sales group, recently launched, "De Vie Sun", which is translated, "Healthy Life". This product is the first to be introduced by the Company, which is focusing on the development, marketing and distribution of nutritional and functional beverages for consumers. The Company is marketing this product through the home-based direct sales channel. www.starfestdirect.com
Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, and domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.