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Liminx Holdings, Inc., a Subsidiary of Premiere Opportunities Group, Inc., to File S-1 Registration Statement(March 22, 2012)
TOTOWA, NJ -- (Marketwire) -- 03/22/12 -- Premiere Opportunities Group, Inc. (OTCQB: PPBL) (OTCBB: PPBL) (http://www.premiereopportunities.com/) is pleased to announce that Luminx Holdings, Inc., a partially owned subsidiary of Premiere Opportunities Group, Inc., is expected to file an S-1 registration statement with the Securities and Exchange Commission in the Spring of 2012.
Chris H. Giordano, Premiere's Co-Chairman, stated, "Luminx Holdings is in the midst of completing its audited financial statements which is the last step before it is ready to file its Registration Statement with the Securities and Exchange Commission. Once filed and approved, we will be distributing shares of Luminx to all of our shareholders as part of our ongoing strategy of creating shareholder value."
We are very pleased that the final technology milestones between Luminx and Industrial Technology Research Institute (ITRI) (http://www.itri.org.tw/eng/) have been completed. This gives Luminx the ability to market the only full line of "transformer-less" LED technology in the world.
Unlike Luminx, most other LED lighting products on the market utilize transformers which burn hotter, use more energy and have a shorter service life. Luminx utilizes a proprietary "chip technology" developed by ITRI that allows Luminx to have a competitive advantage in both cost and performance over its competitors.
It is the intent of Luminx to have its lighting products available for the big box store market as well as the supermarkets and the discount store chains in the USA in 2012. Luminx also expects to distribute its products globally through other distribution channels it maintains overseas. The market for very high quality but affordable LED lighting is vast and we are excited to share that opportunity with Luminx as shareholders in their company.
We also expect, over the next several weeks, to announce relationships with other corporate clients that we feel could increase shareholder value through our equity retention in those companies as well as the distribution of that equity to our shareholders as a stock dividend.
Chris H. Giordano
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