PTS, Inc. (PTSH) Introduces UK Based Logistics Merger Candidate
11 Août 2011 - 9:45PM
Marketwired
PTS, Inc. (PINK SHEETS: PTSH) (www.ptspi.com) is pleased to
introduce its new merger candidate: Navistar Logistics (UK) Ltd.
http://www.navistar.co.uk.
Navistar Logistics (UK) Ltd is an international logistics
freight forwarding company with high quality warehousing in London,
Birmingham, Manchester, Newcastle and at all ports and airports.
Navistar specializes in air freight, sea freight and road haulage,
transfer customs clearance, storage and fulfillment. Navistar can
collect and deliver door-to-door, anywhere in the world.
Navistar has extensive partnership throughout North America and
a worldwide network of international approved agents. Navistar has
been established in the UK for over 10 years with a wealth of
experience and knowledge in all logistics disciplines, and are
members of the British International Freight Association (BIFA),
RHA and the Chamber of Commerce.
PTS, Inc. Interim Secretary Mr. Sasa Vasiljevic stated: "We
found a highly prospective and well-established subsidiary for PTS,
Inc. and its shareholders. Navistar Logistics (UK) Ltd. and its
multi-million dollar operation (approximate revenues $10 million
USD range) represent a great opportunity for growth. At this point
we have a binding agreement. What remains to be done is the
finalization of details, logistics of servicing PTSH shareholders
with an in house IR department, editing the current PTSH web site,
appointing officers and directors to PTSH board to name a few. We
expect to have this completed shortly before the end of August. As
PTSH was a reporting issuer and quoted on OTCBB, Navistar
management has aspirations of achieving or returning to OTCBB
markets with Navistar."
PTS, Inc. management will provide more updates on this and other
company news shortly and promptly.
Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of PTS, Inc.
that constitute forward-looking statements for purposes of the safe
harbor provisions under the Private Securities Litigation Reform
Act of 1995. The words or phrases "can be," "expects," "may
affect," "believed," "estimate," "project," and similar words and
phrases are intended to identify such forward-looking statements.
PTS, Inc. cautions you that any forward-looking information
provided by or on behalf of PTS, Inc. is not a guarantee of future
performance. None of the information in this press release
constitutes or is intended as an offer to sell securities or
investment advice of any kind. PTS, Inc.'s actual results may
differ materially from those anticipated in such forward-looking
statements as a result of various important factors, some of which
are beyond PTS, Inc.'s control. In addition to those discussed in
PTS, Inc.'s press releases, public filings, and statements by PTS,
Inc.'s management, including, but not limited to, PTS, Inc.'s
estimate of the sufficiency of its existing capital resources, PTS,
Inc.'s ability to raise additional capital to fund future
operations, PTS, Inc.'s ability to repay its existing indebtedness,
the uncertainties involved in estimating market opportunities and,
in identifying contracts which match PTS, Inc.'s capability to be
awarded contracts. All such forward-looking statements are current
only as of the date on which such statements were made. PTS, Inc.
does not undertake any obligation to publicly update any
forward-looking statement to reflect events or circumstances after
the date on which any such statement is made or to reflect the
occurrence of unanticipated events.
PTS, Inc.
Contacts: For M&A and Corporate Matters
www.minamargroup.com
PTS (CE) (USOTC:PTSH)
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