SOURCE: ALAS International Holdings, Inc.

October 31, 2012 11:51 ET

PV Enterprises International, Inc. Announces Shareholder Update

FORT LAUDERDALE, FL--(Marketwire - Oct 31, 2012) - ALAS aka PV Enterprises International, Inc. (PINKSHEETS: VDSC) today provided the following message to its shareholders.

A MESSAGE FROM OUR CEO TO SHAREHOLDERS:

I have been working very hard with our financial advisors to conclude negotiations that will allow management to take us to the next level and become a major shipping company. We have secured a great deal of interest for funding from the European banking consortiums and several private lending groups. This funding will enable PV Enterprises International, Inc. (formally known as ALAS International Holdings, Inc.) (PINKSHEETS: VDSC) to go forward with its plans for growth and expansion and enable us to start our Central and South American operations. I wish to thank all of our Shareholders for their patience and continued support and look forward to our future.

Peter Villiotis, CEO
PV Enterprises International, Inc.

About PV Enterprises International, Inc. formally ALAS International Holdings, Inc.

PV Enterprises International, Inc. (PINKSHEETS: VDSC) is a ship management and passenger ship company that looks for unique niche market opportunities in the passenger vessel, ferry and over-night cruise industry world-wide. The company is looking at several opportunities in Latin American based ferry operations.

All statements contained in this press release, other than statements of historical fact, are forward-looking statements, including those regarding: guidance on our future financial results and other projections or measures of our future performance; market opportunities and our ability to capitalize on them; the benefits expected from new or updated products or services and from other potential sources of additional revenue; and the impact of management and organizational changes. These statements speak only as of the date of this press release, are based on our current plans and expectations, and involve risks and uncertainties that could cause actual future events or results to be different than those described in or implied by such forward-looking statements. These risks and uncertainties include those relating to: market acceptance of our products and services; our relationships with customers and strategic partners; our ability to attract and retain qualified senior management and other personnel; and changes in economic, political or regulatory conditions or other trends affecting the healthcare, Internet and information technology industries. Further information about these matters can be found in our Securities and Exchange Commission filings. Except as required by applicable law or regulation, we do not undertake any obligation to update our forward-looking statements to reflect future events or circumstances.

Contact Information

  • PV Enterprises International, Inc.
    Investor Relations
    954-603-3339