PTS, Inc. (PTSH) Share Price Volatility & Fluctuation Statement
13 Juin 2012 - 4:59PM
Marketwired
PTS Inc. (PINKSHEETS:PTSH) www.ptspi.com subsidiary Navistar Global
Logistics (UK) Ltd (Navistar) www.navistar.co.uk CEO John O'Brian
is providing the following update to its shareholders and
followers.
Mr. John O'Brian said "On behalf of PTSH, the management and our
key personnel, we have been asked to make a public comment by many
of PTSH shareholders regarding PTSH share price volatility and
fluctuation. We are no experts in this field and this is our
opinion only. We are relatively new to the public arena. We do not
monitor our share price, the Internet chat boards nor do we in any
way contribute to its trading patterns of PTSH in any manner what
so ever. We would not know what to do one way or another. To our
long term shareholders and particularly PTSH large German following
we express our gratitude for all your suggestions; however we ask
that those be directed to our internal Investor Relations
Department (IR) Info.investors@ptspi.com and not to our corporate
staff as our IR is most qualified to handle your concerns. We
require our other staff to focus on delivering good quality service
to our customers and client base.
Prior to Navistar merger with PTSH we were made aware that PTSH
was an OTCBB reporting company and was unable to keep that status
due to its financial duress. We were made aware of many disgruntle
shareholders who were simply fed up with the ex-management day to
day operations. Henceforth PTSH was downgraded to Pink Sheets or
OTC Markets as it's currently referred to. We are mindful that the
old PTSH shareholders invested in a medical software company (MSC)
and that Navistar logistics business model is as different as night
and day from the MSC model. We cannot comment on what the
ex-management did or did not do, and we do not see how being a
Monday morning quarterback can advance Navistar or PTSH positions
today.
PTSH and Navistar have filed our Adequate Disclosure
documentation with OTC Markets. All of the information in that
report is current.
I also want to use this opportunity to address and quash various
rumors, theories and innuendos that have been presented to us here
at PTSH. There is no debt conversion of any sort going on. All the
PTSH debts and obligations were settled and or resolved concurrent
with the reverse split of March 2011 with the proceeds of the
accredited investor. Our focus is entirely dedicated to running our
logistics business and nothing else. I can say with definite
clarity and conviction that the company is not engaged in any sort
of dilution, toxic financing or otherwise. Other than shares which
were issued to Navistar for the merger with PTSH, and to the
accredited investor who assisted PTSH in its times of trouble last
year before our merger, to the best of our knowledge and records no
other shares were issued in PTSH. We have been inundated with
questions and suspicions that our prior M&A and IR firm, (Mina
Mar Group - MMG) is selling shares, is listed for sale, and the
speculation that they are going bankrupt and doing a "fire
sale".
To the best of our knowledge and according to the corporate
records there is no shares issued to them. There is nothing in our
contract that prohibits them from making a sale of their divisions
or their company in whole or in part. While they do have a large
following and their exit from retail IR services may have swayed
some or caused concern to others, we see this as of no concern to
the well-being of PTSH moving forward. Regarding any suspicions
that the MMG firm is going bankrupt we have seen no evidence of
that whatsoever. Quite contrary, in fact their financial records
are quite impressive as far as we can tell. Prior to us entrusting
Navistar to anyone we personally met with the principals in their
Toronto head office on several occasions. We conducted our due
diligence and what we saw was a well properly run organization,
well capitalized, experienced, knowledgeable and one that guards
and values their name and reputation vigorously, tirelessly and
spares no expense in doing so. We are aware of certain lawsuits and
judgments they have secured against chat and message boards that
allow slanderous and misleading information to flourish while
factual good information on our business activates is deleted, such
as that which occurred with PTSH on or about June 11 2012.
We are also aware of their ambition and aspirations to enforce
their judgments and we are also advised that they are in the
process of filing a prayer for relief as a Plaintiff here in UK
which may include PTSH as an effected co-Plaintiff. Once that
occurs and to the extent that it effects PTSH we will be making OTC
Markets filings. Whist they no longer conduct our retail IR support
we as a company do not believe in "burning our bridges behind us".
We hold MMG in high regard and respect. We do consult with them on
corporate matters and matters of a pending merger which we
previously announced. Those talks are continuing and all aspects of
trade, debt, taxes are being taken into consideration and
evaluation before PTSH can move further. We are making good
progress. Again, none of this in our mind has any bearing on PTSH
share volatility and as this is worth repeating, we ask our
followers to review our Adequate Disclosure documentation with OTC
Markets.
The management of PTSH and Navistar remains committed to the
long term growth of the Company.
We recently released our Semi Annual report and our entity in
USA and an automotive deal. PTSH management sees no reason to panic
or over react. We will continue to focus on our business and report
our business activities. This is our #1 priority.
More business updates will follow on a timely basis.
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.
Contacts: PTS Inc. Investor
RelationsInfo.investors@ptspi.com
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