LONDON, UNITED KINGDOM--(Marketwire -08/11/11)- PTS, Inc. (PINK SHEETS: PTSH) (www.ptspi.com) is pleased to introduce its new merger candidate: Navistar Logistics (UK) Ltd. http://www.navistar.co.uk.
Navistar Logistics (UK) Ltd is an international logistics freight forwarding company with high quality warehousing in London, Birmingham, Manchester, Newcastle and at all ports and airports. Navistar specializes in air freight, sea freight and road haulage, transfer customs clearance, storage and fulfillment. Navistar can collect and deliver door-to-door, anywhere in the world.
Navistar has extensive partnership throughout North America and a worldwide network of international approved agents. Navistar has been established in the UK for over 10 years with a wealth of experience and knowledge in all logistics disciplines, and are members of the British International Freight Association (BIFA), RHA and the Chamber of Commerce.
PTS, Inc. Interim Secretary Mr. Sasa Vasiljevic stated: "We found a highly prospective and well-established subsidiary for PTS, Inc. and its shareholders. Navistar Logistics (UK) Ltd. and its multi-million dollar operation (approximate revenues $10 million USD range) represent a great opportunity for growth. At this point we have a binding agreement. What remains to be done is the finalization of details, logistics of servicing PTSH shareholders with an in house IR department, editing the current PTSH web site, appointing officers and directors to PTSH board to name a few. We expect to have this completed shortly before the end of August. As PTSH was a reporting issuer and quoted on OTCBB, Navistar management has aspirations of achieving or returning to OTCBB markets with Navistar."
PTS, Inc. management will provide more updates on this and other company news shortly and promptly.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of PTS, Inc. that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. PTS, Inc. cautions you that any forward-looking information provided by or on behalf of PTS, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. PTS, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond PTS, Inc.'s control. In addition to those discussed in PTS, Inc.'s press releases, public filings, and statements by PTS, Inc.'s management, including, but not limited to, PTS, Inc.'s estimate of the sufficiency of its existing capital resources, PTS, Inc.'s ability to raise additional capital to fund future operations, PTS, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match PTS, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. PTS, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
PTS, Inc.
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