FT. LAUDERDALE, Fla., July 25, 2012 /PRNewswire/ -- Perla Group International Inc., (Pink Sheets: PERL) a leader in the international military, police and security solutions sectors, announced that the final outstanding documents necessary to upgrade its listing to CURRENT status on the OTC Market Tiers was submitted this morning. The company expects OTC Markets to approve its submission and upgrade its listing in a timely manner.
Perla Group International also announced that in conjunction with its new transfer agent, Broadridge Corporate Issuer Solutions, it has begun the application process to become DTC eligible. DTC eligibility will greatly improve the speed and efficiency during the transfer of Perla Group International stock. The application and approval process is expected to take several weeks.
"These events are significant milestones for our company," stated Charles D'Alberto, Perla Group International CEO. "Our shareholders can have confidence that we will do everything necessary in order to grow Perla Group into a world class company."
The company also announced two new orders for armored buses by an oil company working in Nigeria. The orders were booked in the month of July and should be shipped to Nigeria in August.
Additionally, Perla Group announced that the release of the much anticipated, new Sentinel APC vehicle has been very well received. The new design is lighter and more powerful than its predecessor with the capability to transport up to 10 passengers. Mr. D'Alberto commented, "We are currently in discussions with several interested parties and expect to announce new sales of the Sentinel APC in the near future."
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About Perla Group International
Perla Group International is an emerging leader in the international military, police and security solutions sectors. It was established with the vision to become the industry's leading turnkey solutions developer and services provider. Perla Group's success is built on a combination of trust, backing and support of top industry specialists and a talented team's unwavering commitment to service excellence. With its four divisions: Perla Telecoms, Perla Aviation, Perla Armored Cars and Perla K-9 Services, it places Perla Group in a unique position to service many of its existing clients with multiple value added services and thereby attract key new clients.
"Safe Harbor Statement" under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking statements that involve risks and uncertainties. The statements in the Release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements.
SOURCE Perla Group International Inc.