PetroTerra Acquires Prime EFS

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.

Forward-looking statements:
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.

CONTACT: Investor Relations 561-672-7068

Source:PetroTerra Corp