Premiere Horizon Alliance Corporation is an investment holding company that maximizes corporate value by seeking to focus on projects that invigorate countryside development in preparation for the ASEAN Economic Community (AEC) integration beginning 2015.
With the sale of its gaming assets, Premiere Horizon is now embarking in new directions by focusing on projects that will innovate the countryside, improve economic ecosystems, cross boundaries and bridge.
The Philippines, being composed of more than 7,000 islands, presents major obstacles to the development of the country as a whole. The countryside is left behind with much inefficiencies and gaps.
"Where there are gaps, there are opportunities."
Addressing these unfilled requirements through profitable, recurring, replicable and scalable businesses will not only help the locals in a sustainable way, but will also facilitate in the development of the nation as a whole while driving up PHA shareholder value.History
Premiere Horizon Alliance Corporation (formerly Premiere Entertainment Philippines, Inc.) (“PHA” or the “Company”) was incorporated on 13 January 1988 and was then known as Premiere Films International, Inc. On 20 June 1996 the Corporation’s name was amended to Premiere Entertainment Productions Inc.
On 5 May 1997, PHA was listed at the Philippine Stock Exchange (“PSE”) and thus, became the first public company engaged in the production of motion pictures. The Company envisioned a two-pronged thrust: a major presence in the local and international entertainment industry and an initial venture into gaming to round up its total entertainment offer.
On 16 May 2008, the Company’s shareholders and board of directors approved the change in the Company’s name to “Premiere Entertainment Philippines, Inc.”, increase in authorized capital stock, and the acquisition of Digiwave Solutions Inc. (“DSI”), a corporation engaged in the development of gaming software and the operation of internet casino stations.
On December 29, 2011, the company’s name was changed to Premiere Horizon Alliance Corporation and added the business of mining, real estate, information technology and other related business. The company also lowered the par value of its shares from P1.00 to P0.25, thus decreasing its authorized capital stock from Php 1,800,000,000.00 to Php 563,560,000.00.
In 2012, Premiere Horizon acquired 66.9% of Redstone Construction and Development Corporation (RCDC). RCDC is engaged in the business of providing hauling and other services for construction works for mining, real estate development, environmental protection & remediation.