Premiere Horizon Alliance Corporation (PHA) announces that the company is set to embark in new directions in anticipation of the completion of the sale of its gaming assets. This amounted to a net share to the company of Php527 million.

Premiere Horizon believes that there are gaps and inefficiencies in the countryside, and where there are gaps, there are opportunities. The company will help address these unfilled requirements through profitable, recurring, replicable, and scalable businesses. This will facilitate in the development and competitiveness of the nation in preparation for ASEAN Economic Community (AEC) integration by 2015. The sales proceeds, together with the envisioned fund raising, will be used to invest in innovative countryside projects using new technologies and best practices focused in the fields of food security, natural resources development, shelter and communities and tourism development.