PHOENIX, Oct. 23, 2013 (GLOBE NEWSWIRE) -- PTA Holdings, Inc. (Pink Sheets:PTAH) (www.ptaholding.com), a multi-faceted transportation group providing a broad array of traditional transportation and management services, announced today that they are entering the intermodal transportation rail segment. American Trainco Logistics (ATL) will be a wholly owned subsidiary whereby the Company officially enters the $1,889 Billion dollar industry segment and complementing our existing transportation operations.
Leonard Lewensohn, C.E.O. of PTA Holdings, stated; "ATL will deal with other intermodal 3PL's, freight brokers and trucking companies. ATL will acquire over-the-road freight brokers and intermodal rail brokers that will accelerate the growth of the company and enable the development of enough freight volume to negotiate and hold direct railroad contracts. The initial focus of ATL will be centered on the dynamic 300 miles freight base that surrounds Chicago as a Hub. In addition to opening a location in Chicago, ATL proposes to open additional offices in Los Angeles and St. Louis. ATL gives us the flexibility to continue rapid growth."
About PTA Holdings, Inc. (Pink Sheets:PTAH) (www.ptaholding.com) 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.