$PBHG - put on your radar - HUGE news of acquisiti
Post# of 144481
$PBHG - put on your radar - HUGE news of acquisition....
PBS Holding, Inc., (PBHG). Acquires Jazz Candles.
PBS Holding Inc. enters into the $2 Billion candle industry with acquisition of Jazz Candles.
PBS Holding Inc. has acquired Candle Cave Inc. dba Jazz Candles that was started in 2005. They have been one of the fastest growing candle businesses in the south. Jazz Candles is known throughout the industry for having one of the strongest scented candles, wax melts, and room sprays in the market today. "We have had over 200 retail stores that have brought in our products in the past few years as our business continues to grow. One thing we are always looking for is ways to increase our revenue. Over the past 10 years we have been impressed with the business model that Scentsy has used and liked the fact that PBS Holding Inc. can bring that sales model to Jazz Candles," says Mr. Steele president of the company. Mr. Steele went on to say, "We have watched Scentsy sales continue to do very well in the candle industry during this economic slowdown. Scentsy was founded in 2004 and watched their revenue climb from $140,000/year in 2004 to $535 million/year in 2011 using only a direct sales model. Their growth did not slow during the peak of the recession doing over $1 billion in sales from 2004 to 2011. Seeing how well this business model has done, we were very excited to be acquired by PBS Holding Inc. and allow their direct sales model to grow the Jazz Candles brand. This will allow for a huge increase to our already established revenue as it has been proven to work in the candle industry."
"PBS Holding Inc. is excited to have acquired one of the best candle companies today, which has a superior product, compared to what the industry offers. According to the National Candle Association candles are used in 7 out of every 10 U.S. homes today, with women buying 90% of all candles. With the mass amount of homes this covers we know this company will fit in well with our business model, www.starfestdirect.com/info " added Mr. Vakser.
About Jazz Candles
We strive to provide our customers the safest and highest quality products available on the market today. In an age when the candle industry has been inundated by candle marketers, we stand fast to our commitment to the craft and art of making quality highly scented candles. It takes a careful formulation of quality ingredients to create strong scented candles, with brilliant colors, true fragrance scents, and a consistency that makes
the candle burn cleanly and safely. We continue to research and develop fragrances and wax formulations that serve as the major foundation that has made our candles the leader in the industry of highly scented candles. Our method is not the easiest or least expensive way to make candles, but we believe it is the right way - the only way to get the safest, highest quality candles you have come to expect from Jazz Candles. www.jazzcandles.com
About PBS Holding, Inc.
PBS Holding Inc through its direct sales group, recently launched, "De Vie Sun", which is translated, "Healthy Life". This product is the first to be introduced by the Company which is focusing on the development, marketing and distribution of nutritional and functional beverages for consumers. The Company is marketing this product through the home-based direct sales channel. www.starfestdirect.com
Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business.
Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.
CONTACT: PBS Holding, Inc.
IR@pbsholdings.info 214-418-6940
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