Premier Products Group, Inc. (PMPG) has retained exploratory counsel regarding the issuance of PMPG shares to note holders of its subsidiary, Valley High Mining Company (VHMC). The company’s attorney has asked the Transfer Agent to halt these share issuances, asserting that some note holders were not entitled to PMPG stock. CEO Tony Hicks believes these improperly issued shares may have negatively impacted PMPG's stock in recent weeks. Additionally, PMPG recently recovered 50,000,000 shares as part of a debt settlement.
On February 11, 2021, Premier Products Group, Inc. (PMPG) announced the resumption of talks with the City of Port Lavaca, Texas, regarding a development project on over 48 acres of waterfront property. A letter was executed, agreeing to enter into a P3 Public/Private Partnership to promote local economic development. The project includes plans for retail space, residential condos, restaurants, a marina, and more. Additionally, PMPG has initiated a joint venture with NPI Mobile to create SmartRoad Turtle, LLC.
Premier Products Group, Inc. (PMPG) has appointed Jeffrey Brooks as Chief Marketing & Revenue Officer. With over 20 years of experience at major companies like Sony and Nortel, Mr. Brooks aims to leverage his technology and marketing expertise to drive growth in B2B solutions. His initial focus will be on the Smart City initiative in collaboration with the SmartRoad Turtle joint venture. This strategic appointment allows senior management to concentrate on opportunities in real estate development and construction, potentially enhancing PMPG's business prospects.
Premier Products Group, Inc. (PMPG) has signed a Letter of Intent to form a joint venture with The Patent Portfolio Group, aimed at revolutionizing highway infrastructure through smart technology. This venture will utilize a patent portfolio of over 21 patents, enhancing roads to become 'Smart Highways' across the U.S. and 32 countries internationally. The Intelligent Infrastructure market is projected to grow from $23.67 billion in 2018 to $92.38 billion by 2026. PMPG is currently assessing the joint venture's valuation, with potential cash and stock swaps involved.
Premier Products Group, Inc. (OTC PINK:PMPG) announced key developments aimed at enhancing transparency and growth. The company plans to bring its SEC filings current within three weeks under new management. Additionally, it is repositioning for revenue sustainability by operating in the real estate sector and will announce further activities soon. A new website, www.pmpginc.com, will provide updates on the company's progress, marking a decisive move toward future growth.