PHOENIX, July 30, 2013 (GLOBE NEWSWIRE) -- PTA Holdings, Inc. (OTC Pink Sheets:PTAH), a multi-faceted transportation group providing a broad array of traditional transportation and management services, announced today that its Iowa Operations had positive earnings results during June seeing increases in revenues over prior periods.
Tim Norton, VP and Director of PTA Holdings Inc. stated, "2nd quarter results for the company when released are headed in the right direction after a slower than expected start in the 2nd Quarter 2013. June 2013 revenues on the other hand signaled a strengthening with significant gains that will provide overall positives for the 2nd quarter and year to date. We continue to believe that our earlier forecasts will be in line with industry statistics and growth predictions related to the outlook for the transportation industry in 2013. Freight tonnage is expected to increase by a total of 21% over the next decade and we expect our revenues to grow with the industry standards. The upturn in the economy has presented our company with the opportunity to expand our markets throughout 2013 and continue growth into the future."
He further stated, "The release of our financial performance results will be another indication that the strategy for growth at PTA Holdings is sound and it's good to see others in our industry of that same mindset as regards the potential afforded transportation providers."
About PTA Holdings, Inc. (OTC Pink Sheets:PTAH) organized in 2005 as a holding company with operating divisions as suppliers of logistics and transportation services. PTA Holdings Inc. acquired Kingsley Logistic Group in 2012. Kingsley Logistics Group is a multi-faceted transportation group providing traditional transportation services that include LTL & Truckload, Inter-modal, Rail, Warehousing & Distribution, Equipment Leasing, Brokerage, 3PL and Special Projects Business Groups. Business strategy of the PTA Holdings calls for expansion through the execution of an aggressive acquisition plan. Kingsley is positioned to take advantage of the transportation industry's growing trend toward global logistics, distribution and supply chain management, paying attention to the acquisition of small to medium sized companies that we define generating revenues of 2.0 to 20 million of annual revenues as targets of our roll-up strategy. The company will use a combination of transportation software, website technology, for the consolidation of its roll-up of supply chain subsidiaries, including truck and inter-modal transportation units, warehousing and storage facilities, logistics management and related technology functions. To view website go to www.ptaholding.com
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.