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Shareholders Update

Dec 27, 2012

OTC Disclosure & News Service

Ft. Lauderdale, FL -

ALAS International Holdings, Inc. (aka PV Enterprises International, Inc.)

FORT LAUDERDALE, FL, (MARKETWIRE via COMTEX) -- ALAS aka PVE International Holdings, Inc. (PINKSHEETS: VDSC) is pleased to announce that we have and are assembling a team dedicated to developing the passenger and cargo markets in Latin America.

Peter Villiotis, President & CEO, "I have enjoyed a long and successful career in the technical management and operation of some of the most successful and profitable cruise ships on the seas currently. I relied on others without the long term vision in the acquisition of a cruise ship during the recent past. I have remedied that situation with shipping, finance and operational professionals with an alignment of interest and vision.”

The Company can now move forward with its excellent business plan, an aggressive marketing plan and the new business partners to execute it. We are able to find financiers who see the wisdom of the plan. We will be engagingregional and local tour operators that will handle the sales and marketing of leisure packages and cargo charters allowing the management to concentrate on delivering the highest quality of service and best value to the Latin American marketplace.

As we finalize the details of itinerary and selling price, we will be releasing details of these operators and how the product can be purchased. Obviously, they need to have their sales personnel and websites prepared for such an announcement.

The executive offices will remain in Fort Lauderdale, but have moved to a more convenient location near Port Everglades, at 1850 SE 17th Street, Suite 305.

About ALAS International Holdings, Inc. aka PV Enterprises International, Inc.

ALAS aka PV Enterprises International (PINKSHEETS: VDSC) is a ship management company involved in the development of passenger vessel, ferry and cruise opportunities worldwide. The company is currently looking at several opportunities in Latin American.

Forward-Looking Statements

In addition to historical information, this press release may contain forward-looking statements that reflect the Company's current expectations and projections about future results, performance, prospects and opportunities. These forward-looking statements are based on information currently available to us and are subject to a number of risks, uncertainties and other factors that may cause actual results, performance, prospects or opportunities to be materially different from those expressed in, or implied by, such forward-looking statements. You should not place undue reliance on any forward-looking statements. Except as required by federal securities law, the Company assumes no obligation to update publicly or to revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available, new events occur or circumstances change in the future.

ALAS International Holdings, Inc.

Investor Relations