Premier Mortgage Resources, Inc. Files a REG D 504 Offering with the Securities & Exchange Commission.
LAS VEGAS -- Premier Mortgage Resources, Inc. (OTC:PMRS.PK), announces that it has filed with the Securities & Exchange Commission a REG D 504 Offering to raise $1,000,000 to launch Auto "V" Grooving North American small fabrication plants (FBUs).
Auto "V" Grooving Inc., of Toronto, is the innovator and leader of the "V" Grooved method, with over 1,600 machines installed worldwide over the last 30 years. They manufacture a line of high precision machines, incorporating innovative "V" grooving techniques. The Company currently is marketing its equipment through several large trade shows, direct sales and the Internet.
Steven Brown, Chief Executive Officer of Auto "V", stated that, "This infusion of capital will launch our North American Small Fabrication Plants (FBUs). Our goal over the next three to five years is to establish (FBUs) worldwide beginning in North America.
"These FBUs will provide smaller industry customers the ability to employ the 'V' grooving manufacturing system in their operations by sending their countertop and cabinet production to the FBU in their area. Users of the FBUs can utilize the state-of-the art machinery on a pay for service basis, eliminating the need to pre-purchase the machines. This business model will allow customers to concentrate on other high value products that complement the items fabricated at the FBU, saving money and expanding their product offerings in the process.
"These FBUs will also be used to demonstrate the machine capabilities to potential customers who may wish to purchase or lease these machines and act as a training center. No longer will the potential customer turn away from the technology because he or she is several thousand miles away from a plant that can demonstrate it as the FBUs will provide production active showrooms that allow for participation in each community's economy throughout the country."
Premier Mortgage Resources, Inc. was organized to act as a holding company responsible for raising funds for United National, Inc. and United National Mortgage, LLC. As a holding company, Premier Mortgage Resources, Inc. provided staff functions to its subsidiaries. The staff functions which the Company supplies to its subsidiaries include overall management, strategic direction, financing, legal services, accounting and related services including cash management and budgeting, marketing, and public relations/advertising.
Safe Harbor -- This press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, product delivery, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Premier Mortgage Resources, Inc. future results, please contact the Company directly. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management expectations.
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|Date:||Dec 22, 2006|
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