ALAS Has Entered Into a Reverse Merger With PV Enterprises, Inc. Under the Leadership of Peter Villiotis
CLEARWATER, Fla., Nov 7, 2011 (GlobeNewswire via COMTEX) -- ALAS International Holdings, Inc. (Pink Sheets:VDSC) announces it has entered into a reverse merger with PV Enterprises, Inc., a Florida corporation.
PV Enterprises is an 11 year old ship management company specializing in repair, redesign and maintenance of ships. PV has just completed a contract worth over 5 million dollars for the overhaul of the Victory Casino ship. Thus far in 2011 PV Enterprises has contracts under management valued at over 38 million dollars. Gross revenue to PV is in excess of 3 million dollars. PV has been profitable for the last 3 years with revenue increases of 50% per year.