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Monday, January 28, 2013 8:51:43 PM
http://ih.advfn.com/p.php?pid=nmona&article=56030005
I am pleased to report that over these past couple of months, PEI Worldwide Holdings, Inc. (PEIW) has diligently worked in locating, negotiating and agreeing to preliminary terms with an international investor who is financially ready to commercialize Thura-Block and its related technology throughout the global construction market.
Several options are being actively considered on how PEIW plans to consummate this venture. However, due to a signed confidentiality agreement between PEIW and the investor, specific dates and terms cannot be disclosed at this time.
It has always been foremost with PEIW management that whatever path our company takes, shareholder value will be protected and enhanced. In this "fast moving" scenario, as developments occur, information will be disseminated to shareholders and the investment community.
Coincident with these discussions, development continues on our KRISTELYN EPS bead equipment. This new equipment produces a "hard case bead" having application in many additional Thura-Block construction products.
Utilizing this new "hard case bead", PEIW in combination with its Thura-Block equipment manufacturer, has delivered a 14,000 unit per day production system having a base cost far below previous quoted production systems. This will allow PEIW, as well as PEIW licensees, to increase Thura-Block production at a reduced cost, further adding to the profitability of these construction products.
PEIW recently received positive indication that funding for a joint venture agreement to manufacture and sell Thura-Block products in the Caribbean will soon commence.
Additionally, PEIW is pleased to announce that Mr. Kurt Roelofs has joined our management team as a consultant. Kurt, has more than 30 years in the global automotive supply industry, and continues to be a valuable asset advising on global manufacturing and sales.
"There has never been a moment that I pondered "throwing in the towel" on Thura-Block and its related products! I have invested over five years and nearly $2 million dollars of personal funds in keeping PEIW alive and viable. As PEIW'S major shareholder, I firmly believe that current discussions, which will soon lead to a final decision, will beneficially impact our company." PEIW will release information as it becomes available.
Sincerely,
PEI Worldwide Holdings, Inc.
Gifford Ludwigsen – President
...
www.peiworldwide.com
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