About PV Enterprises International Inc

PV Enterprises International Inc. operates as a regional cruise and charter holding company. It is involved in cruise ship and ferry operations. The company was formerly known as ALAS International Holdings, Inc., and changed its name to PV Enterprises International Inc. in August 2013. PV Enterprises International Inc. was founded in 1950 and is based in Ft. Lauderdale, Florida.

Source: Morningstar.com

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FORT LAUDERDALE, Fla., Feb. 28, 2014 /PRNewswire/ -- PV Enterprises International, Inc. (OTC: PVEC, the "Company"), is extremely pleased to announce to all shareholders of record that on March 14th, 2014 the company will gift one (1) share of PVEC Series C Preferred Stock for every one hundred seventy-five (175) shares of PVEC common stock held.

The Company wishes to show its gratitude to our long term shareholders that have been firmly invested and supportive of PVEI throughout the challenges faced in recent months. Similarly, the Company wishes to restore value and confidence lost as a result of the IMAG dividend, which for circumstances beyond the control of the Company, were unable to be issued.

As the Company continues to move forward in present negotiations we are confident such will propel the company forward in the coming months. As part of this approach we are providing the following to all shareholders of record as of March 14th, 2014:

One (1) share of Series C Preferred Stock for every one hundred and seventy-five (175) shares of Common Shares owned of PV Enterprises International, Inc. (PVEC)

Series C Preferred Stock is a preferred stock that will be restricted from redemption for six (6) months from the date of issue and has a par value of $.20 (twenty cents). Series C stock will be issued in certificate form and mailed to all shareholders of record beginning the following week after recording, the week of March 17th, 2014, arriving to shareholders by mail. Beginning September 17th, 2014, certificates will be eligible for redemption for face value in cash or $.20 worth of PVEC common stock. In the event the price per share is higher than face value of $.20 (twenty cents), the Preferred C Series Stock may be redeemed for 1 (one) share of common stock at the current price per share. There will not be partial shares issued or cash issued in lieu of the Preferred Series C Stock. Any shareholder retaining less than 175 shares of common stock in PVEC on the record date will forfeit the right to receive the Preferred Share.

Example:
Common Stock Owned = 10,000,000 shares
Series C Preferred Stock with Par Value of .20 at 1:175 = 57,143

The filing for this Series C Preferred Stock has been completed with the Nevada Secretary of State. When this Series C Preferred Stock is listed, the par value will be shown as $.001. The Company would like to assure shareholders that this is not the actual par value of the stock, which is set at twenty cents ($.20) per section V of the Company bylaws.

                                

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