PTS Inc. (PTSH) Forecasts a 500% Increase in Revenue To Over $24 Million USD
08 Mai 2012 - 9:45PM
Marketwired
PTS Inc. (PINKSHEETS:PTSH) www.ptspi.com subsidiary Navistar Global
Logistics (UK) Ltd (Navistar) www.navistar.co.uk Navistar has
signed a Letter of Intent with a major US based publicly traded
company, and a global player.
Navistar will be distributing global ecommerce shipments and
will combine regular air freight shipments to optimize the current
distribution channels into Europe, Middle East and Southeast Asia.
The expected revenue will be in excess of $24 million USD. The
business will be staged in over the next few months and is expected
to be in full implementation by September 1st 2012. This will
increase revenue with over 500% increase in the current calendar
year.
CEO John O'Brien commented "In addition to this, we continue to
sign new business as we are a leader in the global distribution
market place, as there are only a few competitors. We expect this
sector to continue to expand as the global ecommerce platform
drives customer sales beyond their limits of brick and mortar
locations."
Navistar has also been approved to go into the 2012 London UK
hosted summer games sites and deliver catering equipment. The
company was required to go through an advanced clearance process to
obtain security passes and approval as a transport company for the
summer games. The only other supplier for the Olympics currently is
UPS.
Further details about business developments will follow
shortly.
Short description
PTS Inc. subsidiary Navistar Global 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, and with North American alliance
Starbase Global Logistics.
Navistar Global Logistics are specialists 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.
Safe Harbor Statement
Information in this release may contain statements about future
expectations, plans, prospects or performance of PTS Inc.
(PINKSHEETS:PTSH) 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. (PINKSHEETS:PTSH) cautions you
that any forward-looking information provided by or on behalf of
PTS Inc. (PINKSHEETS:PTSH) 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. (PINKSHEETS:PTSH)'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. (PINKSHEETS:PTSH)'s
control. In addition to those discussed in PTS Inc.
(PINKSHEETS:PTSH)'s press releases, public filings, and statements
by PTS Inc. (PINKSHEETS:PTSH)'s management, including, but not
limited to, PTS Inc. (PINKSHEETS:PTSH)'s estimate of the
sufficiency of its existing capital resources, PTS Inc.
(PINKSHEETS:PTSH)'s ability to raise additional capital to fund
future operations, PTS Inc. (PINKSHEETS:PTSH)'s ability to repay
its existing indebtedness, the uncertainties involved in estimating
market opportunities, and in identifying contracts which match PTS
Inc. (PINKSHEETS:PTSH)'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. (PINKSHEETS:PTSH) 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.
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