$PBHG NEWS OUT!!! PBS Holding Inc. (PBHG) Jazz Can
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http://app.quotemedia.com/quotetools/newsStor...rId=101412
DALLAS, TX, Apr 25, 2014 (Marketwired via COMTEX) -- PBS Holding, Inc. (OTC Pink: PBHG) (PINKSHEETS: PBHG) (the "Company"
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Our newly acquired company, Jazz Candles, will manufacture the flavor vapors for the new E-Cig line of products our sister company 3D Eye Solutions Inc. will be selling. Mr. Steele, the former owner of Jazz Candles, has agreed to formulate the flavor vapors at his facility in Shreveport, La. This will allow us to have the flavor vapors ready for 3D Eye Solutions Inc. to start selling at the upcoming Summer Retail Gift Markets that start in June. PBS Holding Inc. recently signed a 1-year lease on a 27,000 sq. ft. building for the manufacturing and shipping of Jazz Candles products. 3D Eye Solutions Inc. will also distribute their E-Cig products from this location. PBS Holding Inc. has grown from needing an office located at 1322 Round Table Dr. in Dallas Texas, to needing the entire building. We are in the process of building a climate-controlled room, built inside the building, which will be completed in the next 2 weeks. This is where the candles and flavor vapors will be poured and all inventory stored.
As mentioned earlier this week, Jazz Candles has now completed shipping of all candle orders that were taken during the major Retail Gift Market shows that occurred from mid January thru early March. It was not possible to move the company during that time with all the orders being shipped. Our acquisition takeover of Jazz Candles was to take place once all prior orders from the market shows were shipped and final payment made to Mr. Steele. It was only fair to allow Mr. Steele the revenue on the candles he sold at the major markets as he spent the money for showroom fees and advertising. As of today all orders coming in will credit to PBS Holding Inc.
The Retail Gift Market is only one area of the market we are going to reach with Jazz Candles. We are going to follow what Scentsy did by going into the Direct Sales Marketing. Scentsy produced $535 million in sales in 2011 with their wax melts and warmers. We know their sales model has proven to work in the candle industry. By the Company adding this Direct Sales Model it should produce a huge increase to the established revenue that Jazz Candles is currently bringing in. We will keep our shareholders updated as we continue to move forward with the Company.
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