Platinum Pari-Mutuel Holdings announces product launch and projected sales revenue

MEMPHIS, Tenn. - July 27, 2016 - PRLog -- Platinum Pari-Mutuel Holdings, Inc. (a public company trading under the symbol, PPMH) is proud to announce that its wholly owned subsidiary Rugged Outdoor Computing Systems (ROCS) has determined that it is in position to pull forward its product launch from the second quarter of 2017 to early first quarter.

PPMH's CEO, Paul Baioni stated, "The positive adjustment of the product launch time places the company into position to beginning soliciting the product through municipalities through the end of 2016 for the purpose of pre-orders and municipality budget planning for 2017."

The ROCS products enter a multi-billion dollar industry worldwide, with a product that the Company believes is more versatile and reliable than those of its competitors. The Company believes that with the advancement in technology manufacturing, lower installation time, ease of movement from vehicle to vehicle, and lower cost of maintenance, ROCS products will be able to attain initial market penetration by providing municipalities with expanded functionality at a lower cost of acquisition and ownership resulting in more effective operations while lowering expenditures from public budgets.

According to the latest Bureau of Justices Statistics survey release in July 2015, there are over 500,000 state and local law enforcement vehicles in service as of 2013, and over 900,000 field officers. Approximately 90% of the 500,000 vehicles are equipped with computers and only 68% are equipped with video captures systems, and only 32% of agencies are utilizing body worn camera systems.

With recent developments in the US and throughout the world of interactions between Law Enforcement officers and the public, the need for more efficient and versatile computing systems along with an increase need in body camera with are directly synced to these systems is growing exponentially.

Paul Baioni, CEO, stated," This is a great time to enter the market with the increase growth in demand and our believed ability to provide a superior product at a lower cost to our law enforcement agencies; both within the US and worldwide. As law enforcement operations expand, included with all public safety segments, represents our initial entry point into multiple markets where our products will have significant impact."

ROCS and the products (prior to the acquisition of ROCS by PPMH) has held true to the Company belief of a staged sales revenue growth reaching annual sales revenue of over $100,000,000 by close of the 2021 calendar year. This belief was based upon the company projection of a steady sales revenue growth year over year until garnering approximately 8-10% market share for year 2021.

Paul Baioni, CEO of PPMH, added, "The recent changes within PPMH, and the acquisition of ROCS, look to provide added value to the shareholders of PPMH as ROCS's products extend exposure into the market place. As we grow, we look forward to keeping our shareholders and the public abreast of all company activities and advancements."

For more information visit: http://www.PPMHinc.com

Disclaimer

This release contains forward-looking statements that are based on beliefs of Platinum Pari-Mutuel Holdings management and reflect Platinum Pari-Mutuel Holdings current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of Platinum Pari-Mutuel Holdings with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of a salable market, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, Platinum Pari-Mutuel Holdings and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release incorporates by reference the Company's filings with the SEC including 10K, 10Q, 8K reports and other filings. Investors are encouraged to review all filings. There is no assurance Platinum Pari-Mutuel Holdings will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company's due diligence on the acquisitions assets, companies, and projects will be favorable nor that definitive terms can be negotiated. Information in this release includes representations from the private companies referred to which has not been independently verified by the company. A downturn in the market would affect the potential profitability of the proposed acquisition negatively.