PV Enterprises International, Inc. Announces Shareholder Update

PV Enterprises International, Inc. Announces Shareholder Update 
FORT LAUDERDALE, FL -- (Marketwire) -- 10/31/12 --  ALAS aka PV
Enterprises International, Inc. (PINKSHEETS: VDSC) today provided the
following message to its shareholders. 
I have been working very hard with our financial advisors to conclude
negotiations that will allow management to take us to the next level
and become a major shipping company. We have secured a great deal of
interest for funding from the European banking consortiums and
several private lending groups. This funding will enable PV
Enterprises International, Inc. (formally known as ALAS International
Holdings, Inc.) (PINKSHEETS: VDSC) to go forward with its plans for
growth and expansion and enable us to start our Central and South
American operations. I wish to thank all of our Shareholders for
their patience and continued support and look forward to our future. 
Peter Villiotis, CEO
 PV Enterprises International, Inc. 
About PV Enterprises International, Inc. formally ALAS International
Holdings, Inc.  
PV Enterprises International, Inc. (PINKSHEETS: VDSC) is a ship
management and passenger ship company that looks for unique niche
market opportunities in the passenger vessel, ferry and over-night
cruise industry world-wide. The company is looking at several
opportunities in Latin American based ferry operations.  
All statements contained in this press release, other than statements
of historical fact, are forward-looking statements, including those
regarding: guidance on our future financial results and other
projections or measures of our future performance; market
opportunities and our ability to capitalize on them; the benefits
expected from new or updated products or services and from other
potential sources of additional revenue; and the impact of management
and organizational changes. These statements speak only as of the
date of this press release, are based on our current plans and
expectations, and involve risks and uncertainties that could cause
actual future events or results to be different than those described
in or implied by such forward-looking statements. These risks and
uncertainties include those relating to: market acceptance of our
products and services; our rela
tionships with customers and strategic
partners; our ability to attract and retain qualified senior
management and other personnel; and changes in economic, political or
regulatory conditions or other trends affecting the healthcare,
Internet and information technology industries. Further information
about these matters can be found in our Securities and Exchange
Commission filings. Except as required by applicable law or
regulation, we do not undertake any obligation to update our
forward-looking statements to reflect future events or circumstances. 
PV Enterprises International, Inc. 
Investor Relations
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