ORLANDO, Fla., Nov. 12, 2008 (GLOBE NEWSWIRE) -- Promotora Valle Hermoso (OTCBB:PVHI) is pleased to announce that it has filed an application with the American Stock Exchange (AMEX) to list common stock on AMEX.
Promotora Valle Hermoso is currently listed and traded under the Over the Counter Bulletin Board (OTCBB) under the symbol "PVHI." The Company has also filed an Information Statement with the Securities and Exchange Commission to notice a stockholders meeting to approve changing the Company's name to UNR Holdings, Inc.
While the Amex application is under review and prior to the Company's name change being filed, Promotora Valle Hermoso stock will continue to trade on the OTC Bulletin Board under the symbol "PVHI."
About Promotora Valle Hermoso:
Promotora Valle Hermoso has a 68% ownership in its subsidiary 494 UNR. 494 UNR is a construction company with its principal offices located in Bronnitsy (Moscow region), Russian Federation. 494 UNR operates in the Russian Federation, primarily in the Moscow region, and specializes in infrastructure build and supply services, including the construction of roads, highways and bridges, design/build apartment and office buildings and parks, warehouses, shopping centers and retail facilities, hotels, commercial housing projects and light industrial projects for governments, developers, businesses and end users. 494 UNR also performs activities such as demolition, clearing, large-scale earthwork and grading, dewatering, drainage improvements and structural concrete.
The Promotora Valle Hermoso, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2777
More detailed information on the housing projects can be found on the Promotora Valle Hermoso corporate website: http://www.unrhs.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this report reflect the good faith judgment of our management and the statements are based on facts and factors as we currently know them. Forward- looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Readers are urged not to place undue reliance on these forward-looking statements which speak only as of the date of this press release. We undertake no obligation to revise or update any forward- looking statements in order to reflect any event or circumstance that may arise after the date of the press release.