Direct LED (formerly Luminx Holdings, Inc)

9 Months Ended

Sep. 30, 2013

Business Combinations [Abstract]

Direct LED (formerly Luminx Holdings, Inc)

Note 8 –Direct LED (formerly Luminx Holdings, Inc)

During the year ended December 31, 2011 the Company acquired a 15% ownership of Direct LED, Inc. (formerly LuminX, Inc.) in exchange for consulting services.  The Company has not assigned a value to the investment at December 31, 2011 due to the lack of marketability of the minority interest.  Direct LED, Inc. filed its S-1 Registration Statement with the Securities and Exchange Commission on July 18, 2012 and went effective in January of 2013.. Once Direct Led, Inc is given a trading symbol and establishes a Bid/Ask market for the common shares of Direct LED, Inc it is Premiere's intention to adjust the value of the ownership as well as distribute a portion of such shares to it shareholders of record. Direct LED is expected to file its 15c2-11 in the fourth quarter in order to establish a market for its common stock.