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PV Enterprises International Announces Share Buyback To Commence Immediately
PV Enterprises International Announces Share Buyback To Commence Immediately.
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[{"type":"text","content":"\n\n\n\nPV Enterprises International Announces Share Buyback To Commence Immediately\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\nPV Enterprises International Announces Share Buyback To Commence Immediately\nPR Newswire\nFORT LAUDERDALE, Fla., Nov. 13 , 2013\n\n\n\n\n \n \n \n\n\n \n\n\n FORT LAUDERDALE, Fla., Nov. 13 , 2013 /PRNewswire/ -- Peter Villiotis, CEO of PV Enterprises International (OTC Pink: VDSC) (hereinafter referred to as the \"Company\"), would like to inform shareholders and interested parties alike as to recent corporate activities which have transpired over the past few months.  These topics include: \n\n\nCURRENT CORPORATE SHARE STRUCTURE \nANIT-DILUTION PROVISIONS \nPROPOSED CORPORATE BUYBACK OF SHARES \nUPLISTING TO NASDAQ MARKET PLACE\nMany shareholders have corresponded with the Company expressing concern about the increases in the Authorized Shares and possibility of dilution to current shareholders.  Let me assure you that the Company has NO intention of diluting shareholders and is in fact initiating a share buyback of up to 340 million of its shares via open market transactions.  These purchases will begin immediately and last for a period of not less than 6 months. The Company further wishes to advise its shareholders of the breakdown of the current share structure:\n\nThere are currently 2.94 Billion shares Authorized.  Of the 2.94 Billion shares, 1 Billion are preferred/restricted shares, unissued as of the date of this press release, and are segregated for the sole purposes of mergers/acquisitions.  Once issued, these shares will be restricted from sale for a period of not less than 1 year. The remaining 1.94 Billion shares are comprised of the following:\n\n\n1.2 Billion shares have been purchased by a qualified investment conglomerate interested in furthering PV Enterprises International for the sole purpose of applying for up listing to the NASDAQ World Market Exchange. \nThe remaining 740 Million shares are currently in the tradable float, available to the general public.\nThe Company, in ...