Yeah, we all noticed. Thanks for stating the obvious.

That is the impression the company is giving to shareholders.

What is interesting about PACV?

Lets hope so. We said the same thing last time though. Shareholders got screwed along the way yet again.

It looks like anyone who wants will have a chance to add and lower their averages more.

666

Too funny someone!

"my lifetime avg"
LOL. I feel you.

"0032. Can we even get back to there,"
Therein lies part of the problem. Investors in a company with $40 million plus in revenue and about to double that etc shouldn't have to be thinking that way.

From the March 7th shareholder letter:

"The Company is also still in negotiations and due diligence on the acquisition previously announced. Ms. Shannon Masjedi, Pacific Venture Group’s Chief Executive Officer, commented, “We are working towards a definitive agreement and looking forward to closing in the near future. "

Coming up on two months. I'd like to see more of the "We also will improve communication with our investors and we have a strategy to update stakeholders of our progress in a more timely fashion." promise fulfilled.

Bottom line. Company needs to do what is expected of a public traded entity. More so if they truely intend to uplist. If they can't do what is necessary at this level there isn't much hope they'll br able to uplist.

Good question.

Where is news of the acquisition?

When is the First Lady of Meat, or if you prefer, Queen of Meat, going to have the online order platform set up?

Is that Shannon's number? Investor relations?

It is looking like an demotion is more likely than uplisting to a respectable exchange.

I am curious what winning the race means to you. What do you think the PPS should be assuming PACV closes the new deal in Texas and gets the online ordering platform running?

Unfortunately there are a couple of zeroes and a decimal point in front. But yeah, very exciting. LOL.

There is no doubt there is potential. Years of evidence proves current managements ability to turn that into shareholder value should be questioned.

Wow. "towards .01". I can't wait.

I look forward to seeing the strategy for getting off the OTC. It had better not include ANOTHER reverse split.

What is amazing is the PPS cannot rise in spite of no additional shares coming into the market. Given the expected news it is very amazing.

Be nice to see an accounting of what current value shareholders have achieved for the dilution.

So far...no acquisition nor an online consumer division. Both way overdue.

Check your shorts.

I'd love to hear managements plan regarding the process on getting to the NAZ.

https://s3.amazonaws.com/sec.irpass.cc/2467/0001493152-23-010698.htm

Yeah filing for extensions so frequently isn't something I would want to see if the company uplisted.

If Shannon and Marc are serious about getting the stink off, they have plenty of work to do in preparing for uplisting.

I’d like to see movement in becoming compliant with NASDAQ rules. Adding independent board members. More management team members as well.

The company needs new investors. Everybody is even or loosing and afraid to get wacked yet again. Sometime next quarter that may change.

"Eighteen of our companies have transitioned from the OTCBB/OTCQB to listed exchanges and we often represent
listed companies as well."

I am sure we would all appreciate you posting your sources confirming her salary. That is an incredible number.

Makes sense based on potential. Past history and recent performance at the PPS tells a different story.

Groundhog day...everyday.

Yet the shares continue to be nearly worthless vs the potential. This is beyond ridiculous. The only way I’d buy more is management bought.

Closing in on a year since the last SEC filing was done by the company. Might be a record. At least the website still works.

Good to hear. Who did you speak with at the new IR company?

Anyone get through to the new IR group?

Running a 40 million revenue business isn't an insignificant thing. No doubt about Shannon's aspiration to grow the company.

So far shareholders have not seen much in the way of long term share value creation. That is my benchmark as an investor.

I'd like to think there is another way. We'll see what happens with whatever comes with the new investment and the IPO for the uplist. Important to see the share structure, PPS and market cap.

I'd like to know who the investment banker is managing the deal. Keep in mind there are various tiers on the NAZ with different listing requirements.

I would appreciate PACV's management acknowledgement we have been here taking it on the chin absorbing shares allowing operations to contimue. Some for years. Let us know how patience and support will be rewarded.

Thanks for the walk down memory lane. Been there...done that. Really don't want a repeat.

I am sure our board members appreciate your effort in reaching out to the new IR group. If you find out anything pertinent, please let us know should you feel it is appropiate.

Thanks for pointing the change out.

Let's hope they are more active than the last group. Of course, PACV's moving at a snails pace nay have been a factor. Could be a sign something is changing.

Those investors will benefit no doubt. Question is, how will we?

What makes you think the jump will be to the Naz?

LOS ANGELES, CA / March 7, 2023 / Pacific Ventures Group, Inc. (OTC PINK:PACV) (“Pacific Ventures” or the “Company”), a consumer-centric holding company specializing in the distribution of food, beverage and alcohol-related products, today issued a letter to shareholders from its President and CEO, Shannon Masjedi.

Dear Fellow Shareholders,

2022 was a year of continued progress for Pacific Ventures, during which we focused on positioning our company for long-term growth. Consumer demand for quality food products remains strong, which has allowed us to capitalize on our expansion strategy while furthering our relationships with existing customers.

The food and beverage industry has undergone a significant amount of change over the last several years, and while the industry has generally recovered to pre-pandemic levels, lingering economic impacts have presented some challenges. Food production costs have risen dramatically over the last two years, due to the short supply of key commodities like wheat and geopolitical conflict. In addition, labor shortages have created pressure on businesses and supply chains.

Despite this, we have driven momentum across our portfolio of businesses by maintaining mutually beneficial relationships with our partners and customers. This is reflected by our ability to generate over $39 million in revenues in 2022. We anticipate this stability will continue through 2023 as we execute our growth strategy.

Importantly, we have taken several important steps to prepare our company for this next phase of growth. Improving our balance sheet has been a primary focus, and we continue to make progress with reducing our debt. Operationally, we continue to uncover new opportunities for margin expansion by creating operational efficiencies, reducing overtime hours.

Today, we provide more than 2,000 fresh, frozen, and dry food SKUs, as well as non-food items, to approximately 400 customer locations in the Southwest U.S. We serve a highly diversified and expanding customer base that includes independently owned restaurants and regional restaurant chains, hospitals, nursing homes, hotels, government and military organizations, and educational institutions.

As one of America’s leading meat processing foodservice distribution companies, our mission is to inspire and empower chefs and foodservice operators to bring great food experiences to consumers. This mission is supported by our strategy of supplying the Best Foods at Best Prices, while also providing our customers with the operational support that they require for managing their businesses profitably. The “Best Foods” portion of this strategy is showcased by over 500 featured products that are sustainably sourced or contribute to waste reduction. The “Best Prices” portion is aimed at providing operators flexibility in our service model, but also reliability – meaning on-time and complete orders. We believe our focus on differentiation in product assortment, customer experience and innovation are ultimately the core driver of scale.

Looking ahead, we are focused on several key initiatives that we believe will be significant growth catalysts for our business. Among these are the launch of our direct-to-consumer platform, WWW.SEAPORTSTEAK.COM, which we expect to occur in early in the second quarter 2023. We also will improve communication with our investors and we have a strategy to update stakeholders of our progress in a more timely fashion.

The Company is also still in negotiations and due diligence on the acquisition previously announced. Ms. Shannon Masjedi, Pacific Venture Group’s Chief Executive Officer, commented, “We are working towards a definitive agreement and looking forward to closing in the near future. In addition to their existing business, we believe there are great synergies to expand Seaport Meat Company’s and San Diego Farmers Outlet’s reach toward the middle of the country given their customers and distribution capabilities. This would be a transformational acquisition and, if consummated, will catapult us to near $80 million annual revenue and enable us to be positioned to start the process of an up list to a major national U.S. exchange.”

To our customers, employees, and shareholders, thank you for your unwavering dedication to our mission. We look forward to sharing our accomplishments in the coming year as we strive to build sustainable value.

Sincerely,

Shannon Masjedi

President & CEO

Shannon and Marc continuing to do what they know how to do until proven otherwise. No one should be surprised.