PHOENIX, May 16, 2013 /PRNewswire/ -- PTA Holdings,
Inc. (OTC Pink Sheets: PTAH) announced today that the Company is in
negotiations with a refrigerated truckload motor carrier that
complements its existing trucker, Eggspress. Synergistic
acquisitions provide for better equipment utilization which results
in an increase in revenue per mile. During the last year, the
Company has successfully concluded several acquisitions resulting
in recently reported First Quarter (March
31, 2013) revenues and operating profits of $1,035,781 and $24,609 respectively. Through the
acquisition of additional motor carriers the Company aims to
increase revenue and profits by improving overall operating
efficiency and control.
"We are continuing to search for the right motor carriers to add
to our system. The United
States refrigerated transportation market is projected to
increase 4 to 5% through 2014 as more companies are utilizing
protective service to insure quality product on delivery" stated
Tim Norton, Vice President. He
further stated "we are continuing to evaluate additional trucking
acquisition opportunities that will enhance the profitability of
our Midwest business base."
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.
