PHOENIX, Sept. 19, 2012 /PRNewswire/ -- PTA Holdings, Inc.
(OTC Pink Sheets: PTAH) announced today that it has completed the
successful acquisition of Kingsley Logistics Group, Inc. Concurrent
with the transaction Leonard
Lewensohn of Kingsley Logistics Group has been named
President of PTA Holdings, Inc.
Kingsley Logistics Group, Inc. is in the business of planning,
organizing, and managing the movement of goods and materials.
Kingsley operates primarily in the highly fragmented for-hire
transportation industry including truckload and logistics services.
Leonard J. Lewensohn, President
stated; "The Kingsley Logistics Group business model adds real and
measurable value throughout a customer's supply chain and helps
customers to create a business advantage in the marketplace.
Kingsley's mission is to provide a broad array of traditional
transportation services that include LTL & Truckload,
Inter-modal, Rail, Warehousing & Distribution, Equipment
Leasing, Brokerage and 3PL, as well as Retail & Special
Projects Logistics Services."
About PTA Holdings, Inc.:
PTA Holdings Inc. is a holding company with a core focus in the
automotive and for-hire transportation industry. The Company
acquired ProFlow Inc. in April 2007. ProFlow Inc. is a
Georgia based company that
specializes in the research and development of lubrication products
for the automotive and industrial transportation marketplace.
ProFlow since inception has been led by a NASCAR Winston Cup
experienced management team. ProFlow has developed a lubrication
package, for the auto, truck and bus industry that can have a
dramatic and positive effect on fuel consumption.
Kingsley Logistics Group acquired in June of 2012 is a
multi-faceted transportation group providing a broad array of
traditional transportation and management services including LTL
& Truckload, Inter-modal, Rail, Warehousing & Distribution,
Equipment Leasing, Brokerage and 3PL, plus Retail & Special
Projects Business Groups.
Notice on Forward-Looking Statements:
This news release includes forward-looking statements
regarding PTA Holdings, Inc. and its business. Such statements are
based on management's current expectations. The
forward-looking events and circumstances discussed in this release
may not occur and actual results could differ materially as a
result of known and unknown risk factors and uncertainties.
Forward-looking statements speak only as of the date on which they
are made and PTA Holdings, Inc. undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events, or otherwise
For more information, visit http://www.ptaholdings.net
Contact:
Lynard Lewensohn
(478) 457-5873
SOURCE PTA Holdings, Inc.
