PTA Holdings Inc. Forms Kingsley Leasing Division to Increase
Penetration of $603 Billion Market
PHOENIX, Jan. 25, 2013 /PRNewswire/ -- PTA Holdings,
Inc. (OTC Pink Sheets: PTAH) announced today that its Kingsley
Logistics division will form a company-wide leasing operation for
support of fleet operations and added revenue capture. According to
American Trucking Association (ATA) statistics, trucking serves as
a barometer of the U.S. economy, representing 67% of tonnage
carried by all modes of domestic freight transportation, including
manufactured and retail goods. Trucks hauled 9.2 billion tons of
freight in 2011. Motor carriers collected $603.9 billion, or 80.9% of total revenue earned
by all transport modes. The company seeks to provide leasing
services for its fleet operations and become a one stop shop for
its clients in the Midwest.
Leonard J. Lewensohn, President
stated; "Historically our targeted subsidiary companies have
operated in well-established geographic traffic lanes defined by
our customers' distribution patterns. Under our roll-up and
integration strategy, we are able to take advantage of overlap of
freight within the most heavily traveled lanes, and the addition of
a leasing operation making operating equipment available for
expansion will be a key element in our expansion plans for the
company. By any standard of measurement, the trucking industry
continues to dominate the freight transportation market. Nearly
every product consumed is transported by truck at some point in
time. In other words trucking on average, collected 80.9 cents on every dollar spent of freight
transportation. For-hire (truckload and less than truckload) and
private carriage together accounted for these tonnage and revenue
amounts." Lewensohn added.
About PTA Holdings, Inc.
Kingsley Logistics Group, acquired in June of 2012, is a
multi-faceted transportation group providing a broad array of
traditional transportation and management services. The focus of
the combined companies is to expand the company via a strategic
transportation industry roll-up.
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.
