PTA Holdings, Inc. Announces Agreed Term Sheet to Acquire a Midwest Based Container Trucking Company
23 7월 2013 - 2:27AM
PTA Holdings, Inc. (OTC Pink Sheets:PTAH)
(www.ptaholding.com), a multi-faceted
transportation group providing a broad array of traditional
transportation and management services, announced today that it has
entered into an agreed Term Sheet to acquire a Midwest based motor
carrier specializing in Intermodal transportation.
Leonard Lewensohn, C.E.O. of PTA Holdings stated, "The
acquisition of this carrier as a provider of international and
domestic container trucking services for the rail terminals and
ports of Chicago and Milwaukee opens new revenue streams. This is a
strategic marketing move for our company. The 'target' has been a
pioneer in international and domestic container
drayage with a well-deserved reputation for safety and
reliability opening the door to an entirely new business sector for
our company in those markets. Closing is scheduled before the end
of the 4th quarter. The target company's annualized revenue is
projected at just under $2 million."
Timothy Norton, V.P. and Director stated, "We are confident that
the result of this future acquisition will strengthen our current
trucking operation as it is compatible with our regional operating
region and customer orientation. Integrating with rail and ocean
business opens the door to new business opportunities that should
be very beneficial to our existing customer 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 to the trucking industry. We offer logistics
solutions through our Kingsley Consulting Group. Our highly
experienced team of industry trained professionals bring a myriad
of competencies beyond pure transportation, including
manufacturing, engineering, process management, and software
customization, and implementation experience. 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
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