SHARE HOLDER UP DATE---MERGER!!
Is pleased to announce that Hydraiki Naval Company better known as www.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."
WE WILL CONTINUE TO UPDATE OUR SHAREHOLDERS AS PROGRESS CONTINUES TO MOVE AHEAD AT A FAST PACE.
VDSC is now putting into motion our previously stated plans to establish cruise and ferry operations worldwide. We are now becoming a revenue producing company that should enable us to fulfill all our objectives.
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