PBS Holding Inc (PBHG)

[glens0]

SHAREHOLDERS UPDATES:
Dear Shareholders, I just landed back to Dallas, and received several emails regarding our PR for Monday. In order to be fully transparent and yet still manage everyone's expectations, I will have to inform everyone that we will have to postpone our release for at least a week, possibly more. The issue that was brought to my attention, had to do with the fact that our Transfer Agent, Island Stock Transfer, has been involved in an SEC related law suits and various other allegations and accusations. I thought that by now, we would've already moved all our accounts to another TA. (since as an investor I actually have several companies with Island). However, the process has not been completed, and that caused concern and some hesitation with at least one (of the three ) acquisition prospects that we are involved with. Although I do apologize for any inconvenience or other issues this may cause any of you, we are in the process of resolving these issues ASAP!. As you can imagine, I was able to contact our corporate SEC attorney, Simon Kogan, and we will follow up this coming week. However, I was only able to reach one acquisition contact, so we want to be extra careful and transparent with any new PR and news updates.
Now, just for the record, and I'm sure that both I and several of my companies will receive massive backlash, but I'd rather face that, than being accused of hiding things. So, again, for the record; Our company, PBHG, has never been a shell nor a "blank check" corporation. We are NOT being accused, nor have we been involved with Island Transfer with anything that they were accused of, and all the allegations. We are simply a client. According to SEC and FINRA filings, they accused Island TA for manufacturing "blank Check" corporations and "public shells" since 2009. Our company has been incorporated and in business as "not a shell" since 1998. We happen to be ONE of over 500 public companies that had Island Stock Transfer as a Transfer Agent. Nothing more than that. We are in "good standing" with all the regulatory agencies, and so is our attorney , Simon Kogan. I wanted to inform all of you as soon as possible of this small obstacle. However, its nothing to be concerned about other than a loss of a little time. My attorneys and I will follow up, and will expedite our move to another TA. Everything else is still on track.