West Palm Beach, Florida, June 28, 2018 (GLOBE NEWSWIRE) -- PetroTerra Corp (OTC:PTRA ), a Florida based transportation and logistics company, announced the acquisition of Prime EFS LLC, a New Jersey based transportation company with a focus on last mile deliveries for on-line retailers throughout the United States. Prime’s revenue for 2017 was over $7 Million and is expected to be substantially higher for the calendar year 2018.
Steve Yariv, CEO for PetroTerra, stated, "We are very excited to close on this acquisition. The acquisition of Prime diversifies the Company’s revenue sources and gives us access to the growing market of on line retail deliveries.”
Steve Yariv added “we are looking forward to the imminent change of our name from PetroTerra Corp. to “Transportation and Logistics Systems Inc”, a name that more accurately reflects the nature of our business.”
About PetroTerra Corp
PetroTerra Corp. (PTRA) operates through its Save On Auto Transport Inc. and Prime EFS LLC subsidiaries as a transportation and logistics company. Save On Auto Transport services the automobile industry by providing transportation and logistics services to automotive dealerships and their customers throughout the USA. Prime EFS LLC is a provider of last mile delivery services to major on line retailers in the United States. For more information about the company visit the company’s public filings at SEC.gov.
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