Pacific Ventures Group, Inc. (OTC Pink: PACV) operates as an investment group with a primary focus on consumer products, food & beverage, and alcohol opportunities. Shares of the consumer goods investment group surged 47.62%, during trading on Wednesday, August 7, 2019. Over the past month, Pacific Ventures Group has seen average daily volume of 1.97 million shares. However, volume of 40.6 million shares or dollar volume of $125,860, exchanged hands during trading on Wednesday.
Shares of PACV jumped on Wednesday, after the company took steps to reaffirm no impeding reverse split. The company’s Board of Directors noted that there are currently no plans, nor is it contemplating a reverse split. Pacific Ventures Group notes it plans to continue carrying out its business plan and pursuing strategic acquisition opportunities. Here is the full press release detailing of the update:
Pacific Ventures Group Press Release:
LOS ANGELES, CA, Aug. 07, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Pacific Ventures Group (OTC PINK: PACV) (the “Company”), an investment group concentrating in food, beverage and alcohol distribution, announced today its Board of Directors reaffirmed that the Company currently has no plans for, and is not contemplating, a reverse stock split.
The Board of Directors also reaffirmed its commitment to implement its current business model and continue pursuing strategic acquisitions in the wholesale food, beverage and alcohol industry.
About Pacific Ventures Group:
Pacific Ventures is focused on expansion within the consumer products, food, beverage and alcohol-related industries. For more information on PACV, please visit www.pacvgroup.com. (You must be at least 21 years of age (legal age to consume alcohol) to visit the section of the web site dedicated to SnöBar www.snobarcocktails.com)
Forward-Looking Statement: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include but are not limited to, the inability of the company to obtain financing sufficient to maintain its operations and execute its acquisition strategy; the inherent uncertainties associated with smaller reporting companies; and other risks detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.