Butler, NJ, July 25, 2012 (GLOBE NEWSWIRE) -- Premiere Opportunities Group, Inc. (OTCQB:PPBL) (OTCBB:PPBL) (www.premiereopportunities.com) is pleased to announce that Direct LED, Inc. (formerly LuminX, Inc.) filed its S-1 Registration Statement with the Securities and Exchange Commission on Wednesday, July 18th, 2012.
Chris H Giordano Co Chairman stated "We have taken a careful and deliberate approach in assisting Direct LED, Inc in carefully planning its pending public company existence as well as how best to take advantage of the large commercial opportunities the Company has been working on.
After being able to qualify certain key relationships that were tantamount in setting the stage for the Company's potential success, it was decided to then file the Registration Statement with the Securities and Exchange Commission. We look forward to working with Direct LED Inc., and their management in showcasing their technology by bringing affordable LED lighting to the masses.
In addition we have closed the acquisition of Cyn N Luca http://cynandluca.com/ as well as 11 other labels in the "sleepwear" category. We have also signed definitive agreements with both Avani Clothing, Inc http://www.avaniclothing.com/ and Triana Stores of Korea. We are in the final stages of moving towards a reverse merger with Avani Clothing in the very near future and then the eventual roll-up of Triana Stores after completing the audit on all 28 stores.
We are working diligently but carefully in putting the pieces together for a successful venue in the roll-up of apparel companies underneath the Global Fashion Holdings, Inc. umbrella. We expect to implement asn agressive program once all the pieces are in place.
Although the terms of the reverse merger are not yet definitive we fully expect the terms to benefit shareholders with the capital structure and equity enhancement provisions that will be in place."