PHOENIX, Oct. 11, 2012 /PRNewswire/ -- PTA Holdings,
Inc. (Pink Sheets: PTAH) announced today that it was upgraded to
Current Information reporting tier on the OTC Markets Pink
Sheets as of October 11, 2012.
The upgrade follows the Company's posting of a Quarterly Report
on September 10, 2012, an Initial
Company Information and Disclosure Report on September 27, 2012 and an Attorney Letter with
Respect to Current Information on October 2,
2012, revised Disclosure reports and Attorney Letter with
Respect to Revised Reporting all posted on the OTC News and
Disclosure Service (www.otcmarkets.com/news/otc-financials) on
October 5, 2012. The attorney letter
was provided by the Company's disclosure SEC Counsel, William B. Haseltine.
"We are pleased to be able to provide our stockholders with the
additional transparency of the Current Information tier," said
Leonard J. Lewensohn, Chief
Executive Officer. "We have always tried to keep our stockholders
informed, and we believe that providing Current Information will
further those efforts. We appreciate the advice of our SEC Counsel,
William B. Haseltine, in getting
this upgrade." He further stated that, "PTA Holdings, Inc. will now
focus on expansion of the business as it initiates its roll-up
acquisition strategy of transportation companies, and fully
expecting to begin that process during the 4th quarter
of this year."
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 has developed a lubrication
package, for the auto, truck and bus industry that can deliver 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
Telephone (877)-636-4520
Investor Relations Contact: ir@ptaholdings.net
SOURCE PTA Holdings, Inc.
