|By Marketwired .||
|May 16, 2014 08:15 AM EDT||
TIBURON, CA -- (Marketwired) -- 05/16/14 -- Privileged World Travel Club, Inc. (OTCBB: PVCL) management announced today that it has signed a binding letter of intent with PSV Equity Capital firm of Stuttgart. The agreement is based on the following services to be immediately fulfilled by PSV Equity Capital:
1. Provide Access to European Banks that can provide the Company a Credit Line Facility.
2. Invest in the Company 3 Million Euro in the form of Equity Financing.
3. Help the Company to file Dual listings on the Stuttgart - Germany, and Stockholm - Sweden, Stock Exchanges in addition to the OTC Market in the United States.
The above mentioned agreement will allow Privileged to start implementing its business plan and launching the very lucrative profit generating projects, right away.
Additional information on the Privileged specific projects will be released to the shareholders at a later date.
"Management is very excited to establish the above mentioned relationship and the signing of the agreement with PSV Equity Capital that will provide the Company the opportunity to grow its business quickly and successfully."
ABOUT PRIVILEGED. www.privilegedwtc.com
The business of Privileged is to provide exclusive travel services to persons ("Members") who elect to join the prestigious Privileged World Travel Club (the "Privileged Travel Club") and international travelers bound for the United States. Immediately after joining, Members of the Privileged Travel Club can begin enjoying the services their membership offers. The Company provides luxury services with a high standard of value. Company management feels that the prices offered by the club are reasonable and very attainable by all Members to travel any time they wish. The Company is specially focused to offer its Members luxury membership travel products and services at specially discounted prices. The Company's concept is to offer services to a larger audience and thereby increase the reach to more markets.
This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. The company's operations and business prospects are always subject to risk and uncertainties. Triton disclaims any obligation or intention to update any forward-looking statement.
Privileged World Travel Club, Inc.