Premier Diversified Holdings Inc.
CNSX : PDH

Premier Diversified Holdings Inc.

October 05, 2015 09:30 ET

Premier Diversified Holdings Inc. Completes Real Estate Investment

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 5, 2015) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Premier Diversified Holdings Inc. ("Premier") (CSE:PDH) announces that on September 30, 2015 it acquired 7.50 units of Bentley Homes Limited Partnership ("BHLP") for a total subscription price of $375,000, paid in cash. Premier acquired the units for investment purposes.

BHLP is a newly formed limited partnership which was formed for the purpose of acquiring a certain property development opportunity in Vancouver, B.C. BHLP intends to develop a four unit residential housing complex on a lot located in an east Vancouver neighbourhood. The development will be managed by BHLP 's general partner, Bentley Homes Ltd., which is managed by a team from Kingswood Asset Management, a Vancouver-based real estate investment firm.

"Kingswood has a terrific management team in Ketan Ladva, Sanjiv Sheth and Vipul Pachchigar," stated Sanjeev Parsad, CEO of PDH. "In real estate, managing leverage and minimizing downside risk are essential over the real estate cycle. Kingswood's team understands that and we look forward to a long and rewarding relationship with them."

Premier will not be active in the management or operations of BHLP, Bentley Homes Ltd. or Kingswood Asset Management. More information about Kingswood Asset Management may be found at www.kingswood.ca.

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 investee companies to varying degrees. Information about Premier may be found at www.pdh-inc.com.

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: www.cnsx.ca. Further information regarding the Company can be found on SEDAR at ww.sedar.com. 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 development of a residential property in east Vancouver, the management of the development, and Premier's anticipated lack of participation in the management and operations of BHLP, Bentley Homes Ltd. or Kingswood Asset Management. Factors that could cause actual results to differ materially include without limitation that the development of the aforementioned property will not proceed as planned, or at all; that the development will be managed by an entity other than Bentley Homes Ltd. or Kingswood Asset Management; that there will be insufficient funds raised by BHLP for the development, or completion of development, of the afore-mentioned property; and that Premier's role in the management and/or operations of BHLP, Bentley Homes Ltd. or Kingswood Asset Management may change. Investors are cautioned against placing undue reliance on forward-looking statements. It is not our policy to update forward looking statements.

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