LONDON, Aug. 12, 2011 /PRNewswire/ -- PTS, Inc. (PINK SHEETS:PTSH.pk - News) (www.ptspi.com) introduced its new merger candidate: Navistar Logistics (UK) Ltd. http://www.navistar.co.uk/.
Navistar Logistics (UK) Ltd. offers high quality warehousing in London, Birmingham, Manchester, Newcastle and at all ports and airports. The Company 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 is a member of the British International Freight Association (BIFA), RHA and the Chamber of Commerce.
Navistar is a highly prospective and well-established subsidiary for PTS, Inc. and its shareholders, offering multi-million dollar operation ($10 million USD range).
The Company expects to finalize the merger before the end of August.
Navistar management has aspirations of achieving or returning PTSH to OTCBB.
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.
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