PTS, Inc. (PTSH) Completes Code Share Agreement With the Largest Distribution Providers in UK and EU
01 Novembre 2011 - 8:45PM
Marketwired
PTS, Inc. (PINK SHEETS:PTSH) (www.ptspi.com) and Navistar Logistics
(UK) Ltd. http://www.navistar.co.uk/ are of the opinion that the
following release is of a material nature and warrants attention by
the company followers. PTSH subsidiary Navistar Logistics has
signed an agreement with a (possibly ranked as) # 1 pallet
distribution company in the UK and Europe. This relationship (code
share) will enable the company to provide door-to-door timed
delivery and pickup capability for their clients across UK and
Europe; thus to compete with the largest logistics providers in UK
and in continental Europe.
This pallet distributor is a member-owned distribution company
with some 300 trucking companies and approximately 3000 vehicles
strategically located across the UK and Europe. Operating from a
flagship distribution hub which, standing at an impressive 400,000
sq ft, is one of the biggest centres of its kind in Europe.
The agreement provides Navistar Logistics with total control and
scalable options for all clients across the UK and eurozone,
enabling the company to increase the reliability of its services
with state of the art track-and-trace and booking systems. With
this agreement, the company expects to increase sales and business
capabilities, and give Navistar the control and credibility to
directly compete with the largest transport companies.
Company CEO, John O'Brien stated, "This pallet-specific business
has increased to over GBP 80,000 per month for Navistar,
(Approximately $120,000 USD) and increases at a rate of more than
20% per month without increasing our cost base. The pallet
distributor handles some 15,000 pallets per night from the central
hub, which is based 5 miles from Navistar's Birmingham and West
Bromwich operations. This allows us quick, easy and scalable
distribution options for all Navistar's pre-10 am, next day, and
economy services.
"We are dramatically increasing our load factors on our own
transport, and now we can cover any demand our clients have and
ensure reliable delivery to meet customers' requirements, without
having to refuse business due to the lack of trucks available from
our own fleet. This agreement will allow us to grow faster while
increasing the service quality and gaining more credibility in
logistics market without a massive investment."
PTS, Inc. management intends to provide more updates to its
followers promptly and on a timely basis.
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. Investor
Relations:www.minamargroup.net/helpdesk Callers will require a
ticket # from the help desk before their calls are queued Toll
Free: 1-800 365-4331 PTS, Inc. Investor Relations Department
Inquirywww.minamargroup.net (IR) PTS, Inc. For (M&A) and
Corporate Matterswww.minamargroup.com
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