Business & Finance
Business and Finance
Business and Finance
Fri, January 2, 2009
Wed, December 31, 2008 Property Investors Ventures, Inc. (PIVV.PK) Announces Name Change
ATLANTA--([ BUSINESS WIRE ])--The board of directors of Property Investors Ventures, Inc. (Pink Sheets: PIVV) has today approved a name change to Entertainment Arts Research, Inc. and the company will be applying for a new trading symbol.
Joseph Saulter, Chairman of the Board and CEO stated, "This change in name will more appropriately establish the business of our company and allow us to attract the business relationships that will assist us in attaining our operational and strategic goals. I am encouraged by the team of professionals that have joined us in our endeavors. Our board consists of seasoned veterans in the industry and seasoned professionals in the operations of a publicly traded company. With the experience and talents of Jonathan Eubanks as our VP and Executive Producer guiding the ongoing developments within our Company, I expect us to be in full operations by the second quarter of 2009. Mr. Eubanks is credited with producing more than 50 + games in the recent years for such industry leaders as [ Warner Bros. Interactive Entertainment Inc ], [ Midway Home Entertainment, Inc. ], [ THQ Inc. ], [ Konami Digital Entertainment, Inc. ], [ Electronic Arts, Inc. ] and [ Vivendi Universal Games, Inc. ] to name just a few."
Mr. Eubanks has stated, "I am fortunate to have as our leader, Joseph Saulter, who has distinguished himself in our industry as Chairman of the IGDA Diversity Advisory Board, President of the DeKalb Council for the Arts, as well as, a distinguished professor at Art Institute of Atlanta. With the company's existing relationships through its board members and executives, we should easily reach our 3 year plan to reach $300M in sales."
Dr. David F. Hostelley, CPA, the company's CFO and board member states, "I am grateful to be asked to join such an organization of professionals with a unanimous firm mind set for success. I have served on many publicly traded boards that did not have talent available, as this board." EAR Inc. will be the primary provider of new creative channels of opportunity for the urban community to express their unique visions into the video game marketplace.
DISCLAIMER: This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, statements regarding benefits of the proposed acquisition and other forward-looking terminology such as "may", "expects", "believes", "anticipates", "intends", "projects" or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein.
