PHOENIX, Oct. 11, 2012 /PRNewswire/ -- PTA Holdings, Inc. (Pink Sheets: PTAH) announced today that it was upgraded to Current Information reporting tier on the OTC Markets Pink Sheets as of October 11, 2012.
The upgrade follows the Company's posting of a Quarterly Report on September 10, 2012, an Initial Company Information and Disclosure Report on September 27, 2012 and an Attorney Letter with Respect to Current Information on October 2, 2012, revised Disclosure reports and Attorney Letter with Respect to Revised Reporting all posted on the OTC News and Disclosure Service (www.otcmarkets.com/news/otc-financials) on October 5, 2012. The attorney letter was provided by the Company's disclosure SEC Counsel, William B. Haseltine.
"We are pleased to be able to provide our stockholders with the additional transparency of the Current Information tier," said Leonard J. Lewensohn, Chief Executive Officer. "We have always tried to keep our stockholders informed, and we believe that providing Current Information will further those efforts. We appreciate the advice of our SEC Counsel, William B. Haseltine, in getting this upgrade." He further stated that, "PTA Holdings, Inc. will now focus on expansion of the business as it initiates its roll-up acquisition strategy of transportation companies, and fully expecting to begin that process during the 4th quarter of this year."
About PTA Holdings, Inc.:
PTA Holdings, Inc. is a holding company with a core focus in the automotive and for-hire transportation industry. The Company acquired ProFlow Inc. in April 2007.
ProFlow Inc. is a Georgia based company that specializes in the research and development of lubrication products for the automotive and industrial transportation marketplace. ProFlow has developed a lubrication package, for the auto, truck and bus industry that can deliver a dramatic and positive effect on fuel consumption.
Kingsley Logistics Group, acquired in June of 2012, is a multi-faceted transportation group providing a broad array of traditional transportation and management services including LTL & Truckload, Inter-modal, Rail, Warehousing & Distribution, Equipment Leasing, Brokerage and 3PL, plus Retail & Special Projects Business Groups.
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
For more information, visit http://www.ptaholdings.net
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SOURCE PTA Holdings, Inc.