Thursday, May 08, 2014 7:01:40 AM
They have not owned Jazz Candles since 2011. The acquisition took place in February! Ownership took place in late April that was explained in this PR.
PBS Holding Inc. (PBHG) Signs Lease on 27,000 Sq. Ft. Building for Manufacturing of Jazz Candles
DALLAS, TX--(Marketwired - Apr 23, 2014) - PBS Holding, Inc. (OTC Pink: PBHG) (PINKSHEETS: PBHG) (the "Company") signed a 1 year lease on a 27,000 sq. ft. building for the manufacturing and shipping of Jazz Candles products. PBS Holding Inc. went from needing a small office located at 1322 Round Table in Dallas, Texas, to needing the entire building for the manufacturing and shipping of Jazz Candles and any future Company expansion. We are in the process of building a climate-controlled room, being built inside the building, which will be completed in the next 2 weeks. This is where the candles will be poured and all inventory stored.
Jazz Candles has now completed its shipping of all candle orders that was taken during the major Retail Gift Market shows that went on from mid January till early March. There was no way we could have made the move of 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 was made to Mr. Steele. It was only fair to allow Mr. Steele to make the revenue on the candles he sold at the Major Markets as he spent the money for the showroom fees and advertising back in early December 2013. As of today any orders coming in will be PBS Holdings Inc.
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