PTS, Inc. (PTSH) Completes Merger With Navistar Logistics (UK) Ltd.
10 Octobre 2011 - 3:00PM
Marketwired
PTS, Inc. (PINK SHEETS:PTSH) (www.ptspi.com) and Navistar Logistics
(UK) Ltd. http://www.navistar.co.uk announce that Navistar
Logistics had been successfully merged into PTS. Inc. The merger
was executed on all stock basis and Navistar represents PTS, Inc.'s
sole subsidiary and a major shareholder.
Navistar Logistics (UK) Ltd. CEO, and the incoming CEO of PTS,
Inc., John O'Brien stated "We are excited to have executed this
merger and we look forward to raise the value of PTS, Inc. as its
sole subsidiary. Navistar is a profitable and well-ran company, and
we expect to make the most of our position as a publicly traded
company.
"We bring revenues in the excess of $10 million, so we are
looking at the option to uplist PTS, Inc. back to the reporting
status. We consider ourselves 'doers' rather than 'talkers' and our
advisors are trying to secure the route for this to happen
smoothly, currently seeking a suitable PCBOA auditor. We should be
able to provide update on this in few months."
Navistar Overview:
Navistar has been established in the UK for over 10 years with a
wealth of experience and knowledge in all logistics disciplines.
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.
The company is a member of British International Freight
Association (Navistar can be found on BIFA site:
http://www.bifa.org/content/Member.aspx), Road Haulage Association
(RHA; http://www.rha.uk.net) and the British Chamber of
Commerce.
Navistar Logistics (UK) Ltd. owns warehousing facilities in
London, Birmingham, West Bromwich, Manchester, Newcastle and at
most major ports, airports and hubs such as London Heathrow. All
facilities are equipped with state of the art security controls,
and lock down facilities for high value and sensitive goods.
Navistar has extensive partnerships throughout North America and
a worldwide network of international approved agents, offering
logistic services throughout UK, Northern and Southern Ireland, and
Europe, and developed extensive relationships with the
international logistics communities, such as ports, 3rd party
forwarders, large-scale logistic coordination companies, customs,
etc.
Navistar offers its customers various types of delivery vehicle
options, such as transit-type vans, 7.5t and 18t curtain-sided
trucks with tail lifts or "air ride" 40ft articulated lorries, all
operated by experienced and courteous drivers. In total, the
company owns a fleet of 35 vehicles, with the option to seek out
3rd party freight forwarders to accommodate all of its customers.
All vehicles are equipped with GPS tracking and mobile phone
communications. The company also offers refrigerated vehicles, and
is certified to handle dangerous goods. Navistar offers on-line
tracking system and freight management.
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.
Contacts: For M&A and Corporate
Matterswww.minamargroup.com
PTS (CE) (USOTC:PTSH)
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