Merger marks Sub Penny Stock Explosion!
ALAS International Holdings, Inc. (PINK: VDSC) has exploded in recent sessions from lows of $0.0007 to recent highs over half a penny. All the excitement comes after the Company put out mergers news on the 25th of April.
On April 25, VDSC provided the following message to our shareholders:
VDSC is pleased to announce that Hydraiki Naval Company better known as onedaycruise.gr has chosen VDSC to be the company it is merging with, to expand and facilitate its long planned growth and expansion into the 3, 5, and seven days cruise venue. Peter Villiotis and his team with their expertise in Cruise Operations is the perfect choice to lead our expansion plans and to hasten that growing demand for short cruises within Greek islands.
The President & CEO of one day cruises said that the merger into VDSC of his long established private company is a perfect marriage at the perfect stage to help us grow. We believe the price of shares of VDSC are so undervalued that in lieu of 12.5 million dollars as initial payment we are taking 25 million shares of stock of VDSC and valuing them at .50 cents a share. As our companies grow together under Peter Villiotis's guidance we believe the shares will grow to be far in excess of their current price.
After 6 months final payment terms shall be worked out depending on how fast and how profitable the combined companies grow. One day cruise has been profitable for the last 15 years and the year 2012 saw profits of approx 4 million euros and the expansion plans once in place should have the combined company grow at a fast pace. Closing will take place within 10 days.
Peter Villiotis, CEO of VDSC said, "We at VDSC are proud to having this acquisition with the other companies, [both joint ventured and contracted with directly that were previously announced] become part of our growing maritime family."
Conclusion: This is big news for VDSC which was a shell trading at a valuation of a few hundred thousands up until a few days ago. Still only trading at a $1.5 million market valuation the stock could easily continue up in coming days. VDSC still trades near its historical lows and is quickly gaining a loyal shareholder base that swears this one goes way higher. All this makes VDSC a stock to watch in the coming days.
to get the inside scoop on VDSC subscribe to OTCMagic.com right now. Also everyone should know, we have something HUGE coming!
ALAS International Holdings, Inc.
Peter Villiotis
pventerprisesinc.com
STOCK INFORMATION
SYMBOL: PINK: VDSC
Shares Outstanding: 242,135,970
Market Cap: $1,525,457
ALAS International Holdings, Inc. (PINK: VDSC) was incorporated as Princeton Mining Co in the state of Nevada in 2001. Over the years the Company has undergone a number of name change and reverse stock split including Vought Defense Systems Corp. and Lifestyle Innovations, Inc.
Formerly=Alas Defense Systems, Inc. until 7-2011
Formerly=Vought Defense Systems Corp. until 6-2010
Formerly=Lifestyle Innovations, Inc. until 2-2010
Formerly=Princeton Mining Co. until 7-02
Capital Change=shs decreased by 1 for 7 split Pay date=07/16/2002.
Capital Change=shs decreased by 1 for 545 split. Pay date=02/16/2010.
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