TOTOWA, NJ — (Marketwire) — 03/02/12 — Premiere Opportunities Group, Inc. (OTCQB: PPBL) (PINKSHEETS: PPBL), in response to numerous requests by shareholders for additional information, releases shareholder update.
Premiere–s business model still remains the same in rendering advisory services to companies in both the public and private markets. Premiere, through its partnerships in the area of legal and accounting, have an ability to help these companies meet their goals at a fraction of the cost associated with their particular endeavors.
Our first client, Luminx Holdings, is in its final stages of being able to offer a full spectrum of LED lighting for the home and office environment. Luminx, through its relationship with the Industrial Technology Research Institute “ITRI,” led the march in the LED arena towards having the only technology to offer the advantages of LED lighting without the use of a transformer.
ITRI is a world-leading technology research group that has played a key role in turning Taiwan–s economy from a labor-intensive- to a high-tech-based economy which has given roots to many well-known high-tech companies in Taiwan.
Our goal is to spin Luminx Holdings off as a separate public company in the future to our shareholders as soon as Luminx and ITRI have completed the spectrum of their common goals on both the technology and financial platform in the near future.
We are also in the final stages of having an improved balance sheet which will give the Company greater credibility as a public company and allow us to take on additional clients. This progress will become evident in our 1st quarter and 2nd quarter reports.
We fully expect that in the next few weeks, we will be announcing new client relationships that should bring more credibility to our mission statement and greater value to Premiere shareholders.
Chris H. Giordano, Premiere–s Co-Chairman, stated, “It has been a long march in getting Premiere to a point where it is able to operate more aggressively and efficiently. We maintain our goal of creating shareholder value through either absorbing companies that we would render advisory services to or substantiating equity positions in those companies independent of any acquisition by Premiere. In doing so, we will fortify your stake in Premiere by having our shareholders– own equity directly in our client companies.”
Contact:
Chris Giordano
(973) 390-0072