PHOENIX, June 12, 2013 /PRNewswire/ -- PTA
Holdings, Inc. (OTC Pink Sheets: PTAH), a multi-faceted
transportation group providing a broad array of traditional
transportation and management services, through its Iowa subsidiaries, announced today that its
second quarter revenues are on target with earlier projections.
"Even though the first quarter in our industry tended to be
somewhat weak considering winter conditions, we are seeing real
positives for our business during the second quarter," stated
Tim Norton, Vice President
Operations. He further stated, "We have added additional tractors
and trailers during the quarter that will enhance the expansion of
and profitability of our Iowa and
Midwest business base. Based upon the 2nd quarter of 2012, the
company will see an increase of revenues of over 600% and second
quarter over first quarter, 2013, revenue trend continues to
increase." According to American Trucking Association (ATA)
statistics, motor carriers collected $603.9
billion, or 80.9% of total revenue earned by all transport
modes and as the economy continues to improve the trend is expected
to continue.
About PTA Holdings, Inc. (OTC: PTAH) 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.
Contact:
Investor Relations Contact: ir@ptaholdings.net
Or
Premier Media Service Inc.
Kelly Black
at 866-465-6551
info@premiermediaservice.com
SOURCE PTA Holdings, Inc.
