Premier Products Group, Inc. Finalizes Sale of Valley High Mining Company
Premier Products Group, Inc. (PMPG) has completed the sale of Valley High Mining Company (VHMC) to Data Smart Company, Inc. (DSIC). This move comes after PMPG's original contract with Regal Holdings was canceled. PMPG, as the sole shareholder, will issue VHMC shares to its shareholders. DSCI, a newly formed private entity, intends to focus on the smart city and road markets, including cloud-based solutions and 5G infrastructure installation. PMPG shareholders will be notified soon regarding the share distribution.
- Successful sale of Valley High Mining Company to Data Smart Company, enhancing PMPG's business alignment.
- New entity DSCI plans to enter rapidly growing smart city and smart road markets.
- None.
WOODLAND HILLS, CA / ACCESSWIRE / March 29, 2021 / Premier Products Group, Inc. (PMPG), (OTC PINK:PMPG) announced today it consummated the sale of Valley High Mining Company (VHMC) to Data Smart Company, Inc (DSIC), a Delaware based company. As part of the transaction, PMPG, as the sole shareholder of VMHC, will issue some of its VMHC shares to its shareholders.
"Our original contract with Regal Holdings, Ltd. was canceled. Instead, PMPG sold VHMC to Data Smart Company, Inc.," stated Mr. Hicks, Premier Products Group, Inc. CEO
On February 22, 2018, PMPG and VHMC completed a corporate reorganization pursuant to which VHMC (the original parent company), became a direct, wholly-owned subsidiary of a newly formed Delaware Corporation and Premier Products Group, Inc. (the "Holding Company"), which became the successor issuer. VHMC was originally organized under the laws of the State of Utah on November 14, 1979.
PMPG shareholders will be contacted soon by mail or email for details, so PMPG Shareholders should update their information on PMPG's website www.pmpginc.com.
About DSCI
DSCI is a newly formed private company that plans to enter the smart city and smart road markets. Specifically, DSCI plans to provide cloud based solutions, installing and servicing 5G infrastructure. DSCI plans to change the VHMC name to Data Smart Company in the future.
Safe Harbor Statement:
Except for historical information, certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and those statements are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements. The Company cautions these forward-looking statements are qualified by other factors. The Company undertakes no obligation to publicly update any statements in this release.
CONTACT:
Tony Hicks, Chairman & CEO
tony@pmpginc.com
(818) 798-1878
SOURCE: Premier Products Group, Inc.
View source version on accesswire.com:
https://www.accesswire.com/637980/Premier-Products-Group-Inc-Finalizes-Sale-of-Valley-High-Mining-Company
FAQ
What did Premier Products Group announce on March 29, 2021?
What is the significance of the sale of VHMC for PMPG shareholders?
Who is the new owner of Valley High Mining Company?
What market does Data Smart Company plan to enter?
How can PMPG shareholders update their information?
