Totowa, NJ, Sept. 12, 2013 (GLOBE NEWSWIRE) -- Premiere Opportunities Group, Inc (OTCQX:PPBL) www.premiereopportunities.com is pleased to announce that it is now in a position to declare a time frame for the distribution of its first advisory client stock dividend.
Chris H Giordano Premiere's Chairman stated " Along with our goals is to develop a substantial business in the corporate advisory services business, it will become a natural occurrence with each client company to distribute a portion of the common stock that Premiere receives in their company to our shareholders.
Each client company faces the challenges of being a public company. One of the challenges we hope to minimize is the challenge of having enough shareholders to qualify for a larger exchange when they are in a position to uplist their common stock from the OTC Markets to NASDAQ, AMEX or the NYSE.
Since we have a substantial stockholder base we will distribute the client company's common stock at the appropriate time to our shareholders of record. The appropriate time is usually going to be when a client company's common stock is trading and has developed a reasonable market for its own common stock. At that interval the distributed common stock would find a more welcoming market in the event it were to be sold by Premiere shareholders when received. This would ameliorate a the chances of an illiquid market for the Premiere's shareholders and also mollify the potential for a decline in the common stock of the advisory client.
With that said we expect our first dividend to be distributed in first quarter 2014 in the common stock of Direct LED, Inc which we feel will have developed a sufficient trading market for its common equity by that time. Direct LED is working on several substantial fronts to introduce its retail lighting products as well as its specialty lighting products into the marketplace and the success of one or several of these venues will have a dramatic effect on both liquidity and stock price.
There also lies in the coming quarters thereafter the potential for we will be calling a "Super Dividend"
where in fact we declare a distribution of several client companies common stock to our shareholders. In this manner it becomes a windfall for our shareholders of record and more economically plausible for us to distribute such shares with less duplication of paperwork.
In order to qualify for the dividend distribution you must be a shareholder of record in either registered format or in "street name" on the ex dividend date which will be set with our transfer agent and declared thru an SEC filing as well as public release.
Increasing shareholder value is both a "science and art form" We will combine the two as best we can and in a twofold manner. Firstly, by retaining equity in our advisory client companies which will build our balance sheet with both capital assets and cash to solidify a much stronger stock price.
Secondly, by distributing common stock in our advisory client companies to our shareholders.
We look forward to the future with great anticipation and with the strong possibilities of increasing the overall return to our shareholders."