Island Breeze International, Inc. (OTCBB: GPNT), an entertainment cruise development company, announced that it has moved forward with its plans to establish operations in East Asia. The company is now in the process of submitting information required to obtain permission from relevant authorities to establish a new entertainment cruise operation from a to be disclosed jurisdiction and port located in East Asia. The company also announced that it is evaluating potential existing entertainment cruise acquisition opportunities in the East Asian market.
Bradley T. Prader, the President and CEO of Island Breeze International, commenting on the announcement, stated, "We are very optimistic about the prospects for the new operation we expect to establish in East Asia. Such an operation would not only offer a great opportunity for the company to capture market share, but it would also be beneficial to the jurisdiction in which we plan to operate, as we will purchase goods and services locally for the vast majority of our operational needs, not to mention that the company intends to hire local employees for most of its operational staffing requirements." Prader further stated, "A potential acquisition of an existing vessel operation is also very attractive as it will provide the Company immediate market share following the closing of such a transaction in this very attractive market. The acquisition expansion option is being reviewed and, depending on the availability of financing, we expect to pursue the most attractive opportunities."
The company has also recently made application to FINRA to request its symbol be changed to more properly reflect its name.