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BPS initiates coverage on PBS Holding, Inc. (OTCBB:PBHG)

BPS initiates coverage on PBS Holding, Inc. (OTCBB:PBHG)
Written by
Aaron Smith
Published on
October 27, 2014
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On 23rd October’14, BrilliantPennyStocks.com initiated coverage on PBHG. The stock moved up by 72.22% since the coverage was initiated.

PBS Holding, Inc. (OTCBB:PBHG) provided an revenue outlook update to its investor community. Company also provided new insights into its business development initiatives.

Update On New Business Acquisition

The mid quarter update by PBS Holding, Inc. (OTCBB:PBHG) was promoted by receipt of PO from customers who had been signed up as clients by the firm’s management team during their recent business visit to China. The management team went on to acknowledge the overwhelmingly enthusiastic response and demand for its flagship Thomas Kinkade 3D Framed Art from retail chains spread across China.

Big Goals

The management team has forecasted that its “first container will be sold out and shipped by the end of October.” In order to keep up the buildup in sales momentum PBS Holding, Inc. (OTCBB:PBHG) has also committed to provide additional inventory to the retailers ahead of schedule.

Strong Revenue Outlook For Full Year

Driven by this vigorous demand, sales are expected to hit the high water $310,000 mark by mid November. The company also anticipates a steady increase in its revenue. It has forecasted generating nearly $320,000 of revenue per month, on the back of a steady delivery goal of one container per every 45-day sales cycle. On the back of the sustained delivery and build up in new demand, the firm hopes to generate annual revenue of nearly $3.84 million over the next 12 months period.

Rational Behind PO News Being Made Public

Company President Scott Weinert went on to explain the reasons behind the public announcement of receipt of new orders. He explained that, “We had a lot of inquiries about our progress and since the arrival of the Purchase Orders and the success of Phoenix Fulfilment Group, we feel comfortable to publish our revenue projections and current achievements.”

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