PBS Holding, Inc. (PBHG) Announces the Acquisition of a World Leader in Water to Fuel Technology
DALLAS, TX--(Marketwired - Mar 25, 2014) - PBS Holding, Inc. (OTC Pink: PBHG) (PINKSHEETS: PBHG) (the "Company"), announces the acquisition of a world leader in water to fuel technology.
PBS Holding Inc. would like to announce the acquisition of all the exclusive rights, and technology, to manufacture and distribute worldwide, this proprietary technology in converting the components of water (hydrogen/oxygen) to fuel. The Company has begun moving this Atlanta based manufacturing and distribution center to Dallas where it will be placed into and operate under the name Water To Fuel Technology Inc., a subsidiary of PBS Holding Inc. The website information for Water To Fuel Technology Inc. will be released later this week.
As we see the growing concerns of rising fuel prices, it only made sense for us to offer an inexpensive and affordable way to help increase fuel mileage and efficiency with the installation of a Hydrogen Generator. By converting the components of water into its primary elements of Hydrogen and Oxygen (HHO) and introducing the hydrogen/oxygen gas it produces in conjunction with your regular fuel, our Hydrogen Generators have shown to improve the fuel economy of your engine from 15 - 45%+ as well as drastically reduce emissions to exceptionally clean standards. Our Hydrogen Generators can be used on any piston-powered engine such as those in cars, trucks, diesel trucks, boats or stationary engines such as power generators and irrigation pumps. Our Hydrogen Generators will work on a wide range of fuel such as gasoline, diesel, bio-diesel, vegetable oil, ethanol, E85, E10, CNG and LPG. By converting your vehicle in to a Hydrogen Hybrid, this alternative renewable energy will not only improve fuel economy but it will also drastically reduce emission exhaust levels. Hydrogen Generators are an on demand supplemental fuel system.
We are extremely excited that our negotiations were completed in a timely manner, and appreciate Mr. Stokes accomplishment in securing this deal so quickly for PBS Holding Inc. Now that this acquisition has taken place, Mr. Stokes has chosen to step down as the CEO, and continue as an outside consultant to bring more deals and acquisitions to the Company. Our newly appointed president, Michael Reed, has a degree in engineering from Texas A&M. He will be a tremendous asset to the company as he brings a wealth of experience and management skills that will make this acquisition run and operate smoothly.
"This is our second major acquisition in less than 2 months. We estimate combined revenue from both of these companies; Jazz Candles and the acquired company being placed into Water To Fuel Technology Inc., to be over $3.2 million for 2014, based on their past year's revenue, and in hand purchase orders. We will continue to work in making PBS Holding Inc. completely diversified, by having multiple revenue channels, which will provide a major stream of income to our Company," stated Mr. Vakser. More updates to our shareholders will come as developments take place.
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
