Shares of Premiere Opportunities Group Inc. (PINK: PPBL) are up sharply in trading today. At last check, PPBL shares were trading 22.22% higher at $0.0110 on above average volume of 3.31 million. The stock is up 37.5% this week.
Late last month, Premiere Opportunities announced that it set the week of May 20th for the closing of acquisition of Global Products Holdings Inc., a fully integrated design, apparel and manufacturing company based in New York City. Global owns brands such E Sleep, IntiMacy’s and Cyn and Luca.
Chris H. Giordano, Co-Chairman of Premiere Opportunities, said last month that PPBL has completed its due-diligence by having a member of its M&A team spend the necessary in Korea in order to potentially fold the 28 store retain chain under Global umbrella. Giordano said that PPBL is very satisfied with its teams findings and is very enthusiastic about the manufacturer direct to retail store model, which will exponentially increase the profit margins on products that can be distributed this way.
Recent Comments