PTA Holdings, Inc. Launches ProFlow Paint Systems(TM); Signs Contract With Industry Leader PP&G in $50.2 Billion Dollar Automoti
23 4월 2007 - 10:00PM
PR Newswire (US)
CLEVELAND, Ga., April 23 /PRNewswire-FirstCall/ -- PTA Holdings,
Inc. announced today that its recently acquired ProFlow subsidiary
has launched a new automotive division called ProFlow Paint
Systems(TM). ProFlow is a Georgia based multi-location Automotive
Service Center that specializes in the repair and maintenance of
domestic, foreign and diesel cars and trucks. ProFlow launched this
new division to round out the services that it provides to its
customer base. PTA Holdings, Inc. (OTC Pink Sheets: PTAH) is a
publicly traded holding company that is primarily engaged in the
travel industry, real estate, automotive and interactive
transaction based kiosks. ProFlow, since inception has been led by
a NASCAR Winston Cup Winning experienced management team. ProFlow
has developed and designed an Extreme(TM) fuel saving apparatus,
for the automobile industry that can have a dramatic effect on fuel
consumption. ProFlow hired a Mr. Victor Navarro to lead the ProFlow
Paint Systems(TM) division. Mr. Navarro has over 30 years of
experience in operating successful show quality automotive
collision and paint facilities. Mr. Navarro's expertise is widely
regarded and he has overseen the restoration of antique, super
luxury and show cars from car enthusiasts and celebrities
nationwide. Freedonia Group, nationally recognized Automotive
Research, reports in its January 2007 research report that General
Repair & Service Stations will account for 21% and Body shops
will account for 20% of $105 billion in US Automotive Service
Revenues by 2010. ProFlow Automotive and ProFlow Paint Systems(TM)
are combining forces to capture a larger percentage of automotive
service revenue. PTA President Leverette, II confirmed, "This
launch brings us into the full service auto and truck sector which
can accelerate our growth. We made the investment in the equipment
in order to grow our business by $100,000 per location per month
after six months of operations. The combination of state of the art
equipment and the newly hired veteran management are the key
ingredients for our successful rollout of 10 full service locations
in the southeast from the 2 existing locations." About PTA
Holdings, Inc.: PTA Holdings, Inc. ("PTA") is a diversified holding
company with a core focus in the travel industry. Originally, the
Company was formed as an internet kiosk company for commercial
transactions. The Company broadened its focus with the acquisition
of Professional Travel Alliance, Inc. which paired the power of a
full service travel agency, travel agent training school and a
travel kiosk company. Using the economic capital and strength from
the recent commencement of trading as a public company, the Company
intends to launch its Travel Kiosk in a rollout to various first
tier shopping malls in the United States. The Company has received
letters of interest from Fortune 500 companies to both place ads
and commerce in their kiosks. The Kiosks utilize state of the art
technology including flexible architecture and plasma and/or LCD
high definition displays. These kiosks, when fully deployed shall
generate multiple revenue streams in the forms of both advertising
and point of sale. The Company is embarking upon an "Acquisition
and Roll Up" strategy in order to take advantage of the fractious
business landscape currently existing with travel agencies.
Management maintains that as a public entity, it is ideally
positioned to initiate a "roll up" of travel agencies which it
anticipates will dramatically increase the Company's revenues and
net income. A secondary benefit of acquiring independent travel
agencies is the ability to cross sell complementary products and
services into those distribution channels with direct purchaser
contact. About ProFlow, Inc.: ProFlow specializes in full service
automotive/truck repair with an emphasis on fuel systems. ProFlow
was founded by a veteran of the NASCAR automotive racing circuit.
Presently, ProFlow operates two automotive centers and has plans to
open additional corporate owned centers and franchises in the
future with a short term goal of 10 locations in the southeast. The
fuel savings technology was developed by the company's founder over
the last decade including significant NASCAR winning experience.
Forward-Looking Statements This news release contains
forward-looking statements about our business, or financial
condition and prospects that reflect our assumptions and beliefs
based on information currently available. We can give no assurance
that the expectations indicated by such forward-looking statements
will be realized. There may be other risks and circumstances that
we are unable to predict. When used in this news release, words
such as "believes," "expects," "intends," "plans," "anticipates,"
"estimates" and similar expressions are intended to identify
forward-looking statements, although there may be certain forward-
looking statements not accompanied by such expressions. All
forward-looking statements are intended to be covered by the safe
harbor created by Section 21E of the Securities Exchange Act of
1934. DATASOURCE: PTA Holdings, Inc. CONTACT: Ted Leverette, II of
PTA Holdings, Inc., +1-478-457-5873
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