PTS, Inc. (PTSH) CEO Message Long Term Plans and Goals
15 Août 2011 - 9:45PM
Marketwired
PTS, Inc. (PINK SHEETS: PTSH) (www.ptspi.com) is pleased to
announce that the merger negotiations between PTSH and Navistar
Logistics (UK) Ltd. (http://www.navistar.co.uk/) are progressing
rapidly, on schedule as previously announced.
Following the PTSH and Navistar news regarding the upcoming
merger
http://www.minamargroup.net/support/index.php?_m=news&_a=viewnews&newsid=820,
Navistar management started receiving enquiries from around the
world regarding the merger event. Due to the International business
and agency network Navistar currently enjoys, there appears to be a
strong following interest from Navistar's global contacts. By all
accounts, in the company's opinion this could benefit both PTSH and
Navistar shareholders alike. To that end, PTS, Inc. incoming CEO
John O'Brien is pleased to deliver the following address about PTSH
and Navistar's future, immediate and long term plans.
Mr. O'Brien said, "We consider ourselves 'doers' rather than
'talkers', we continually improve processes to help our clients,
that's how Navistar became the large enterprise it is today in a
fairly short time. We take no-nonsense position with all of
Navistar business, and that's why we press on to finalize the
merger and deliver results to PTSH shareholders as soon as
possible.
"Again, as it's worth repeating, we expect to close the merger
within next few weeks, aiming at 10 working days. Following the
merger, (as PTSH used to be a reporting issuer) we want to use this
advantage, and become a reporting issuer one again. Our plans are
to elevate PTSH back to OTCBB quotation system or higher. This is a
long-term plan, and should be finalized within 3 to 9 months. We
have good, strong revenue and asset based operating subsidiary in
Navistar. Our search for a PCBOA auditor is well under way.
http://en.wikipedia.org/wiki/Public_Company_Accounting_Oversight_Board.
While we can appreciate and understand the frustrations PTSH
shareholders have endured with delays with PTSH merger, the
discussions between PTSH and Navistar have gone on for months and
at this point we are just finalizing the logistics and fine tuning
details so that we may resume continuing serving our followers and
customers with top notch service they have come to expect with
Navistar.
As we have many strong ongoing business negotiations, we are
looking forward to updating public about all our achievements as
part of PTS, Inc. on a timely basis. Our revenues, in excess of $10
million USD and accolades are of "reporting value" and we are
hopeful that this will all translate into a higher share price
valuation for PTSH. Recently, PTSH corporate web site www.ptspi.com
has been updated with Navistar information. Additional information
about Navistar, its management and operations can be found by
visiting http://www.businessrevieweurope.eu/magazines/3325.
Lastly, PTSH and Navistar is in a process of setting up an IR
department to handle these matters.
I, or our management will provide more details shortly."
About Navistar Logistics:
Navistar Logistics (UK) Ltd is an international logistics
freight forwarding company with high quality warehousing in London,
Birmingham, West Bromwich, 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.
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.
Contacts: PTS, Inc. For M&A and Corporate Matters
www.minamargroup.com
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