PTA Holdings Inc. Increases Capacity Adding New Facility in Midwest
Haulage Sector to Capture Increased Percentage of $600 Billion
Market
PHOENIX, Ariz., Feb. 8, 2013 /PRNewswire/ -- PTA Holdings, Inc.
(OTC Pink Sheets: PTAH) through its subsidiary Nortford, LLC
announced today that it has signed a lease for a maintenance and
operations facility in Fredericksburg,
IA. The contract will be year-to-year for five years with a
purchase clause at the end of the lease. The facility consists of
several service bays, office space, potential retail space and
parking space for semi-trailers. The facility will enable the
Company to provide repair and reconditioning services for its fleet
operations as well as for other fleet operators in the Midwest.
According to American Trucking Association (ATA) statistics, motor
carriers collected $603.9 billion, or
80.9% of total revenue earned by all transport modes.
Matt Spafford, President, was
quoted saying "This facility will allow us to perform routine
maintenance that in turn will help monitor our cost structure for
owned tractors and trailers. In addition, we can create a new
profit center by performing work for Owner Operators that are
leased with our affiliated trucking companies. Long-term we
are working on several retail avenues one of them being a national
tire account that again will allow us to be more cost
effective". With the addition of this facility we will have
the space to take advantage of these opportunities. Spafford
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.
