ALAS International Holdings, Inc. (ALAS), a publicly traded (VDSC.PK) Nevada corporation headquartered in Clearwater, Florida. ALAS is an international project financing and holding Investment Corporation, which owns and operates through its two wholly owned subsidiaries, Redtide Defense Group, Inc., which is a manufacturer of UAVs (Unmanned Aerial Vehicles) and Saenz Corporation which operates yacht charters and fun yacht day excursions.Saenz Corporation
ALAS acquired Saenz Corporation a yacht charter company that owns 3 luxury yachts which will be relocated from the Mediterranean to the Bahamas. SAENZ Corporation has been in the yacht charter and yacht building industry for 25 years debt free and at a profit and will continue to operate under the direction of Peter Villiotis the President of Saenz, who has been in the charter and cruise industry for over 35 years.

Redtide Defense Group, Inc.
Redtide (www.redtidedefense.com) is a wholly owned subsidiary of ALAS created to provide an inexpensive and technically superior solution to a growing worldwide demand for Unmanned Air Vehicles commonly referred to as UAV’s. Redtide provides support to foreign and domestic militaries as well as to public and private organizations internationally. Virtually every country spends a significant part of GNP averting terrorism, promoting National Defense, response to natural disasters as well as assist in crime fighting and civil unrest. Redtide offers UAV’s and ancillary training, maintenance and other services via sales or leases. Redtide is the single choice providing affordable, easily maintained and complete surveillance systems without the significant expense of hiring “high tech personnel” capable of operating existing surveillance systems in remote areas of the world.

ALAS’s management team has expertise in the areas of technology, marketing, sales, finance, business administration, multinational and domestic manufacturing, and engineering. The team has extensive knowledge of defense related issues that is a direct result of members of the team who served as officers in the U.S. military. The team’s combination of experience gives them a unique perspective that sets them apart from their competitors.

About Wakabayashi Fund LLCWakabayashi Fund LLC., a private equity and consulting firm with offices in Tokyo, Japan and New York, NY, provides corporate capitalization and institutional investor relations consulting services. Wakabayashi Fund may invest on a principal basis and acts in an agency capacity to procure capital for both profitable and emerging small-cap companies, identifying institutional funding sources for its clients and further develops the investor relations activities. Corporate development, short term and long term financing, institutionally driven sponsorship, and management consulting services are our areas of expertise. For further information on the company please visit www.wakabayashifund.com.

Advertisements

ALAS Provides Shareholder Update

CLEARWATER, Fla., Nov. 9, 2011 (GLOBE NEWSWIRE) — ALAS International Holdings, Inc. (Pink Sheets:VDSC) provides Shareholder Update in a statement released today by Peter Villiotis.

The complete focus and direction of ALAS International Holdings will be on the Maritime Industry, which is our core strength, as the management team has over 100 years of experience devoted to the shipping and cruise business.

All previously announced activities by ALAS will be cancelled, sold off, or spun out for the benefit of the shareholders (except for Saenz Corp and PV Enterprises).

The current financial condition of ALAS will reflect Saenz’s 18 million dollars in tangible assets, P.V. Enterprises with revenues of over 3 million dollars with an approximate EBITDA of 2 million dollars. At this time ALAS has no external debt; however, the little internal debt on the books is to shareholders and insiders. These debts may be converted to stock with little dilution to the current shareholder base. ALAS also has a substantial tax loss carry forward.

ALAS will continue the previously announced yacht charter business with plans to move into the cruise ships and cargo ferry business where revenues have shown a steady increase over the last 5 years and projected to continue to rise for the next 3 years. PV Enterprises will also continue to grow its contract ships management business.

Safe Harbor Act Disclaimer

Statements regarding financial matters in this press release other than historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company’s future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results.

CONTACT: Investor Relations
Edwin Salmon
727-736-4724
edwin.salmon@gmail.com

ALAS Has Entered Into a Reverse Merger With PV Enterprises, Inc. Under the Leadership of Peter Villiotis

CLEARWATER, Fla., Nov. 7, 2011 (GLOBE NEWSWIRE) — ALAS International Holdings, Inc. (Pink Sheets:VDSC) announces it has entered into a reverse merger with PV Enterprises, Inc., a Florida corporation.

PV Enterprises is an 11 year old ship management company specializing in repair, redesign and maintenance of ships. PV has just completed a contract worth over 5 million dollars for the overhaul of the Victory Casino ship. Thus far in 2011 PV Enterprises has contracts under management valued at over 38 million dollars. Gross revenue to PV is in excess of 3 million dollars. PV has
been profitable for the last 3 years with revenue increases of 50% per year.

Peter Villiotis was 100 % owner of PV Enterprises prior to the reverse merger as well as CEO of SAENZ Corp., which was acquired by ALAS International Holdings in May of 2011. Peter Villiotis is now the majority shareholder of ALAS which consists of: PV Enterprises, SAENZ Corp and Red tide Defense Corp. Peter Villiotis now assumes the position of President/CEO and Chairman of the
Board of ALAS. Mr. Salmon has resigned but remains as a Director and Corporate Treasurer.

Peter Villiotis’ whole life has been devoted to the shipping and cruise industry. With his knowledge and expertise, he strongly believes that these two industries have not been impacted by world events. By concentrating solely on the shipping and cruise industry, it will allow the company to take advantage of these dynamic industries. Mr. Villiotis also represents the Belize Registrar in the USA; he recently formed Belize Register of Shipping Inc., Florida Corporation, to promote business in the Shipping and Yachting industry.

Peter is also a member of The Society of Naval Architects & Marine Engineers, SNAME, and was recently nominated as the professional engineering of the year 2011 from Cambridge University.

He is a member of the Association of Parthenon Sculptures USA and the Hellenic American Chamber of Commerce.

Safe Harbor Act Disclaimer: Statements regarding financial matters in this press release other than historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the
Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company’s future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to
sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results.

CONTACT: Investor Relations
Edwin Salmon
727-736-4724
edwin.salmon@gmail.com

Fort Lauderdale

The North American cruise industry generated 329,943 jobs that contributed a $15.2 billion wage impact on the U.S. economy in 2010, a 5.1 percent increase in employment and a 7.0 percent rise in wages over 2009, according to the latest independent study commissioned by Cruise Lines International Association (CLIA). The total cruise industry economic impact in the U.S.
in 2010 was $37.85 billion of gross output, a 7.8 percent increase over last year.

Over the past decade the cruise industry has outperformed the national economy and the travel and tourism sector, in particular. Spending with U.S. businesses by the cruise industry in 2000 totaled an estimated $10.3 billion. These expenditures have
increased by 75 percent to $18 billion in 2010. Over the same period, total economic output generated by cruise-related spending in the U.S. increased by 128 percent, increasing from $16.6 billion in 2000 to $37.9 billion in 2010. The total employment impact of the cruise industry has increased 28.4 percent during the same time.

Market Survey

Saenz Corporation has done an exhaustive study of the state of its industry. This industry is one of the most exciting industries in the United States. It enjoys an ever increasing market, a very healthy bottom line, and excellent opportunities for growth. The outside world demands a luxury day cruise line operation with a dedicated management team who possess an extensive amount of industry knowledge, gained through their many years of experience in the yacht charter and cruise line industry.  Saenz Corporation has all this to offer and its management team will keep its finger on the pulse of market demands. This industry is filling the needs of the consumer by catering to the demands of passengers through the consistent delivery of cost effective excursions that will benefit all parties involved. This is why Saenz Corporation fits perfectly for meeting and exceeding the demands of consumers in its industry.

  • Bahamas islands area is the world’s most popular cruise destination due to variety of activities and safety.
  • USA holds 60% of the global tourist market where 300 million people are within a 3 hour flight from the most popular ports in Florida & the Bahamas.
  • In 2009, 4.3 million passengers embarked from ports for their Bahamas cruise. (20% increase from 2008)
  • In 2010, 128 vessels with 128,000 cabins served the market. By 2012 it is estimated that the number of vessels to be 140 with 165,000 available cabins. This will bring the total number of passengers to 6 million.
  • Bahamas may acquire over 2.5 million passengers as it is the most popular cruise destination.

Saenz Corporation recognizes that it is participating in a very large industry with a great growth rate. Its projected growth will be set at a rate greater than the industry average. Saenz Corporation implementation of its business strategy will lend itself to fast paced development and dominance of a significant market share. The company has determined the growth of its market on the basis of an ever-increasing customer base, and dollar volume base as well.

Source:
Florida Today
March 18, 2011
by Craig Rubadoux

MIAMI BEACH — Sobering international events such as political uprisings, an economic recession and even rising fuel prices weren’t enough to stop people from vacationing last year. Cruising remained a popular option, with more people taking cruises in 2010 than ever before. The cruise industry forecasts another strong year in 2011 despite the known and as yet untold crises the world faces. Last year, 15 million people went on cruises and the industry is expecting a 6.5 percent increase this year to 16 million. They will be riding on a fleet that’s growth by 35 new ships over the last year, including the Carnival Dream at Port Canaveral, according to Jan Swartz, executive vice president of sales, marketing and customer service for Princess Cruises and Cunard Line who also serves as marketing committee chairwoman for Cruise Lines International Association, the industry’s leading trade group. Many existing ships were also upgraded or refurbished. And even still, cruising remains an untapped market. Only 3 percent of Americans cruised last year, according CLIA, which means lots of growth potential for cruise companies.