PHOENIX, Oct. 3, 2013 (GLOBE NEWSWIRE) -- 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, is providing a shareholder update to announce the purchase of additional tractors and trailers for their fleet, the company's new corporate address, and provide an update on how the company plans to strengthen financial reporting in the 4th quarter 2013.
Leonard Lewensohn, President of PTA Holdings stated; "We are committed to keeping our shareholders updated about events within the company. We are pleased to announce that we are having serious discussions with an investment group for the purchase of additional operating equipment for our Iowa subsidiaries that will include additional tractors and trailers for their fleet with purchase to be on an asset purchase basis, having absolutely no impact on shares to be issued. The result of these equipment additions will enhance our operations and allow them to grow organically as they expand existing customer relationships and begin handling more of their shipping requirements."
Mr. Lewensohn continued update "We have also relocated our Phoenix Office location, keeping all telephone and email contacts the same. The office address can be viewed on our corporate website."
"Finally, we are working diligently to complete reporting for the 3rd quarter 2013 which just ended, and as stated earlier we expect the positive trend-line to continue as in previous quarters, the company is looking forward to a very successful year end. Rest assured that actions taken during this year have been directed toward stabilizing the Company and improving its financial base of operations to the benefit of all shareholders."
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.