Business
PV Enterprises International, Inc. Announces Nearly 1/2 Billion Share Cancellation
PV Enterprises International, Inc. Announces Nearly 1/2 Billion Share Cancellation.
About this update from Drone Services Usa, Inc.
[{"type":"text","content":"\n\n\n\nPV Enterprises International, Inc. Announces Nearly 1/2 Billion Share Cancellation\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.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\nPV Enterprises International, Inc. Announces Nearly 1/2 Billion Share Cancellation\nPR Newswire\nFT. LAUDERDALE, Fla., Jan. 14, 2014\n\n\n\nFT. LAUDERDALE, Fla., Jan. 14, 2014 /PRNewswire/ -- PV Enterprises International, Inc. (OTC:PVEC, the \"Company\") wishes to inform our shareholders that as of January 10, 2014, the company has identified a total of 1,098,686,000 shares of its common stock as having been issued during the course of multiple conversions of the same notes. The company initially identified the extent of these multiple conversions in late November 2013 and has since worked diligently to identify all parties responsible. As such, we have worked with various regulatory offices, the authorities and our recently retained legal counsel to assist us in our efforts to conduct a comprehensive identification of these activities. \n\nEffective January 14, 2014, the company has successfully completed the collection and return of 499,998,000 shares of its common stock back to the company treasury for cancellation. This as a result of successful negotiations with parties issued stock during the aforementioned activities. \n\nPresently, there are 598,688,000 shares of common stock that the company has issued a \"Stop Order\" on. We are confident all efforts will ultimately assist us in returning all suspect stock to the corporate treasury.   \n\nWe wish to extend our gratitude to our shareholders for their patience as we continue to proceed in our actions to reverse these issues and move forward in securing a bright future for our shareholders and the company.\n\nOn January 13, 2014 the company announced its merger with Go Charts Marine, L.L.C. (VCG Navigation). VCG has positioned itself in Fort Lauderdale, Florida \"the Venice of America\", the boating capital of the world. Ft. Lauderdale consists of some of the leading yacht manufacturers and yacht accessories companies. \n\nGo Charts Mari...