$PNOW "Contrary to popular belief, there are many market circumstances and events that the Company cannot control," stated Melvin Pereira, President and CEO of Pure Hospitality Solutions. "However, whatever we can do to support our shareholders and rebuild shareholder confidence, we will continue fighting to do so. Creating this class of preferred stock will do a lot in assisting us with promoting the interests of the Company's shareholders. I am proud to say that the greatest purpose of this preferred stock, is to protect, and in many ways increase, the current and future value of a shareholder's PNOW holdings."

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