ALAS International Holdings, Inc. announced that the PV Enterprises team has been working extensively to complete and sign an agreement with local authorities to establish ferry services between Panama (Port Colon 2000) and Colombia (Port of Cartagena). The 30,000 GRT 650-ft ferry that accommodates 1,600 passengers will commence daily express service between the bustling port of Colon, Panama and Cartagena de Indies, Colombia in late March/early April. The vessel can accommodate 160 trucks and up to 400 cars in addition to the 1,600 passengers. The company provided earnings guidance for the fiscal 2012. With current contracts representing revenue that will allow to project earnings of 0.20 to 0.30 cents per share for 2012.