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Friday, September 27, 2013 2:30:07 AM
The complete focus and direction of ALAS International Holdings will be on the Maritime Industry, which is our core strength, as the management team has over 100 years of experience devoted to the shipping and cruise business.
All previously announced activities by ALAS will be cancelled, sold off, or spun out for the benefit of the shareholders (except for Saenz Corp and PV Enterprises). That includes red tide. I think they just wanted the debt off their books from redtide and thats the benifit for the shareholders
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