Premier Enterprise Holdings, Inc. Acquires World-Renowned ''Teddie Black Bear Design''.IRVINE, Calif.--(BUSINESS WIRE)--Dec. 2, 1999-- Premier Enterprises Holdings, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PRMR) announced today that it has acquired "Teddie Black Bear Designs," an extremely successful and internationally acclaimed California company specializing in unique and original teddy bears. Carol "Teddie" Black will serve as President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of this new wholly-owned division of Premier. Carol Black has received numerous global accolades and artistic awards for her creative and original teddy bear designs and has earned the well-deserved title of "Bearmaker to the Stars and the Presidents" and the prestigious "Teddy Bear Artist of the Year" in 1989. Teddy bear collecting is the fourth largest collecting hobby in the world, with annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales approaching $1 billion. Since 1983, Black has gained positive notoriety in the teddy bear industry for her portrait bears of famous personalities, which include President Clinton, former President and Mrs. George Bush, former President and Mrs. Ronald Reagan, and Her Royal Highness “HRH” redirects here. For other uses, see HRH (disambiguation). Royal Highness (abbreviation HRH) is a style (His Royal Highness or Her Royal Highness); plural Royal Highnesses (abbreviation TRH, the Duchess of York Duchess of York is a title held by the wife of the Duke of York since the first Duke of York in 1384. The title is gained with matrimony alone and is forfeited on divorce. (Fergie). Additionally, several of her "lucky teddies" have been placed into the waiting arms of such notable celebrities as Dustin Hoffman Noun 1. Dustin Hoffman - versatile United States film actor (born in 1937) Hoffman , Linda Evans
Linda Evans (born Linda Evanstad on November 18, 1942 in Hartford, Connecticut) is a Golden Globe-winning American actress known primarily for her roles on soap operas , Joan Collins, Emma Samms, Delta Burke, Dee Wallace Stone, Cristina Ferrari, Claude Akins, Beverly Garland, Ivana Trump, Peter Ueberroth, Greg Louganis, Bob Segren, Norman Schwarzkopf, Annette Funicello, etc. She also created the "Eternal Hope Bear," a 20" limited edition musical portrait bear of Dr. Robert H. Schuller The Rev. Robert Harold Schuller, (born September 16, 1926) is an American televangelist and pastor known around the world through his weekly broadcast the Hour of Power. and was responsible for the '84 and '88 Olympic Bears, "The Hands Across America Bears" and the "Desert Storm General Bear." Her first major project at Premier will be creating and designing the "Maui Love Bears," which will be heavily marketed in January, 2000, through a massive national radio campaign to take full advantage of the new year's first major holiday, Valentine's Day. She will also continue with her successful celebrity, collectibles, charity, children's and event bears, which will all contribute to Premier's over-all success and revenue growth. Robert Rafferty, Premier's President, commented, "We feel blessed to have acquired the exclusive services and creative talent of Carol Black and her very successful company. With Carol's expert advice, professional business acumen and incredible creativity, we believe that our teddy bear division will be highly lucrative in this billion dollar marketplace. We are continuing to look at other acquisitions or business opportunities which will fuel our growth strategies, and we expect to make other positive announcements in the near future." Premier Enterprises is a holding company specializing in the marketing of high demand products via the Internet and all forms of media, the global travel industry, and the acquisition and development of Internet-related businesses. Capitalizing on the love and romance of the Hawaiian Islands, its current two e-commerce Web sites are located at www.mauilove.com and www.hawaiilove.com. Forward-looking statements in this release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence on third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. |
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