PHOENIX, Aug. 12, 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 results during June with increases in revenues and profits over prior periods.
Leonard Lewensohn, President of PTA Holdings Inc. stated that, "2nd quarter results for the company as released are headed in the right direction after a slower than expected start in the quarter." As stated earlier by Tim Norton VP, June signaled a strengthening with significant gains that will provide overall positives for the 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 our industry in 2013. Revenues for the half year exceeded $2 million and profits at $57,000. An upturn in the economy has presented our company with the opportunity to expand our markets and enjoy success throughout 2013 and into the future."
He further stated, "The release of our performance results are an indication that the strategy for growth at PTA Holdings is sound. Our revenues and our profits are up ten times over last year and we expect those trends to continue."
About PTA Holdings, Inc.
Kingsley Logistics Group, acquired in June of 2012, is a multi-faceted transportation group providing a broad array of traditional transportation and management services. The focus of the combined companies is to expand the company via a strategic transportation industry roll-up.
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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.