|[October 08, 2013]
Prime Estates & Developments, Inc. Closed a Reverse Take-over Transaction Acquiring Amplerissimo Ltd, a Private Company Located in Cyprus
CHICAGO --(Business Wire)--
Prime Estates & Developments, Inc. (OTCQB: PMLT) ("Prime"), a company
headquartered in Chicago, Illinois, announced today that on a
transaction that took place on Sept. 27, 2013, Prime acquired in a
reverse take-over transaction Amplerissimo Ltd, a private company whose
principal activities are the trading of products, providing
representation through provision of consulting services to various
sectors, primarily communications and Hi-Tech industries.
After the acquisition of Amplerissimo, Prime will expand its activities
to the provision of specialized services and enhance its management
team, increasing its ability to grow its business.
As soon as the transaction took place, the Board of Directors of Prime
changed and Mr. Dimitrios Goulielmos, wh was the owner and director of
Amplerissimo, became the new Chairman of Prime's Board of Directors and
CEO. Since January 1991, Mr. Goulielmos has been principal attorney at
the law firm of Goulielmos & Partners. He contributes to the Board the
benefits of his legal, academic, and business background. Among others,
Mr. Goulielmos has extensive experience in many and various sectors of
negotiations, agreements, mergers, acquisitions, strategic planning,
international business, and trading of goods. His know-how includes
various industries such as real estate, energy, apparel,
telecommunications and high technology.
Mr. Dimitrios Goulielmos, the new director and CEO of Prime, stated:
"I am very glad to join Prime's team and I believe that our joint
efforts will result in a successful future of the company. We will focus
on a very fast development of the company by taking advantage of any
possibility to produce profit for our shareholders and our companies. We
are now planning to initiate procedures for several acquisitions and
projects that will make Prime a really profitable investment. We will be
taking advantage of all opportunities."
"I believe that the reverse take-over of Amplerissimo and the expertise
of Mr. Goulielmos will enforce our company and increase dramatically its
business and potential creating value for the company's shareholders,"
said Mr. Panagiotis Drakopoulos, former CEO and current CFO of the
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