PTS, Inc. (OTC.BB:PTSH)

[mickymoose99]

PTS, Inc. (PTSH) to Acquire Majority Control of ThinLine Technology Group
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Companies:PTS Inc..Related Quotes
Symbol Price Change
PTSH.OB 0.0016 +0.0001


{"s" : "ptsh.ob","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00", "o" : "","j" : ""} Press Release Source: PTS, Inc. On Wednesday November 3, 2010, 4:03 pm EDT
ATLANTA, GEORGIA--(Marketwire - 11/03/10) - PTS, Inc. (OTC.BB:PTSH - News) has entered into a Share Exchange Agreement pursuant to which PTSH will acquire 70% of ThinLine Technology Group at the closing. Closing shall occur as soon as PTSH receives satisfactory audited financials from ThinLine, but not later than December 31, 2010.

ThinLine Technology Group (Managed IT Services | Local Search Marketing | Business VoIP and PBX | ThinLine Technology Group - Atlanta ?) manages, markets and maintains the IT and VOIP infrastructure for small and medium business (SMB market) and provides Private Cable Operators (PCO market) private label billing and call center support. At present, the company services over 21,000 clients on behalf of Private Cable Operators over 400 apartment properties across the United States.

The company consists of three divisions of expertise that provides one-stop solutions for customers' technology needs across a broad spectrum of marketing, support and technology services:

ThinLine IT: providing CTO services and consulting, remote server and desktop support, disaster recovery, hosted exchange, software development, mobile application development and managed IT services.

ThinLine Connect: providing Internet and communications system consulting, business VoIP, hosted PBX technology, web-based CRM tools, and white-label call center support services.

ThinLine Interactive: providing local search marketing, social media marketing consulting, pay-per-click marketing, web hosting, web development and optimization, and mobile (SMS) marketing.

"This acquisition is of significant importance for PTSH. This addition continues the company's mission to reorganize and focus on developing and growing across multiple verticals. We shall continue to pursue our business model of growing our business throughout Technology, Retail and Finance under the company umbrella. This strategy will help diversify income and allow the company to grow utilizing the managed service model," states Marc Pintar, interim CEO.

In other company news and events: In concert with today's merger news, PTS, Inc. will shortly announce its new officers directors and board members, replacing current interim management.

More updates will be provided shortly.

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[smartinvest22]

PTS, Inc. (PTSH) Introduces UK Based Logistics Merger Candidate

LONDON, UNITED KINGDOM, Aug 11, 2011 (MARKETWIRE via COMTEX) -- PTS, Inc. (PINK SHEETS: PTSH) (Welcome to Chinaeastren Logistics) is pleased to introduce its new merger candidate: Navistar Logistics (UK) Ltd. Navistar.
Navistar Logistics (UK) Ltd is an international logistics freight forwarding company with high quality warehousing in London, Birmingham, Manchester, Newcastle and at all ports and airports. Navistar specializes in air freight, sea freight and road haulage, transfer customs clearance, storage and fulfillment. Navistar can collect and deliver door-to-door, anywhere in the world.

Navistar has extensive partnership throughout North America and a worldwide network of international approved agents. Navistar has been established in the UK for over 10 years with a wealth of experience and knowledge in all logistics disciplines, and are members of the British International Freight Association (BIFA), RHA and the Chamber of Commerce.

PTS, Inc. Interim Secretary Mr. Sasa Vasiljevic stated: "We found a highly prospective and well-established subsidiary for PTS, Inc. and its shareholders. Navistar Logistics (UK) Ltd. and its multi-million dollar operation (approximate revenues $10 million USD range) represent a great opportunity for growth. At this point we have a binding agreement. What remains to be done is the finalization of details, logistics of servicing PTSH shareholders with an in house IR department, editing the current PTSH web site, appointing officers and directors to PTSH board to name a few. We expect to have this completed shortly before the end of August. As PTSH was a reporting issuer and quoted on OTCBB, Navistar management has aspirations of achieving or returning to OTCBB markets with Navistar."

PTS, Inc. management will provide more updates on this and other company news shortly and promptly.

[smartinvest22]

PTSH bringing huge potential to the table with its newly announced merger candidate that it trended up 24% on in two consecutive trading days. PTSH mgmt said they were working on filing necessary adequate disclosure info and legal opinion from lawyer to retain its "current info" tier w/ pinksheets plus most recent Q fin statement are also making their way to the financials section to further inspire confidence into the company and offer a more thorough insight into its financial shape. Bring it on PTSH!

[smartinvest22]

PTS, Inc. (PTSH) Addressed Pressing Merger Enquiries

LONDON, Aug. 16, 2011 /PRNewswire via COMTEX/ -- PTS, Inc. (PINK SHEETS: PTSH) (Welcome to Chinaeastren Logistics) is pleased to announce that the merger negotiations with Navistar Logistics (UK) Ltd. (Navistar) progress fast and on schedule.
Due to its International business and agency network, there appears to be a strong interest from Navistar's global contacts. In the company's opinion this could benefit PTSH and Navistar alike.

Incoming CEO John O'Brien delivered following updates on PTSH/Navistar's future, immediate and long-term plans.

Navistar takes no-nonsense position with all of Navistar business, and the management presses on to finalize the merger and deliver results to PTSH shareholders. The company expects to close the merger within next few weeks - aiming at 10 working days deadline.

Following the merger, company plans to elevate PTSH back to OTCBB market or higher, as the company revenues in excess of $10 million USD and accolades are what can be called of "reporting value". This long-term plan should be finalized within 3 to 9 months. The search for a PCBOA auditor Public Company Accounting Oversight Board - Wikipedia, the free encyclopedia is well under way.

PTSH corporate web site Welcome to Chinaeastren Logistics has been updated with Navistar information. Additional information about Navistar, its management and operations can be found by visiting Business Review Europe October 2010 - Navistar-Logistics-SupplyChain.

Company reports indicate there are many strong business negotiations ongoing, and expects to update shareholders following the merger announcement.

PTSH is in a process of setting up an IR department to handle shareholder enquiries.

The management will provide more details shortly and frequently.

[Lastresort]

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[smartinvest22]

$PTSH plans to uplist back to OTCBB market or higher, as the merging co boasts revenues in excess of $10 million USD and accolades are what can be called of "reporting value".

[smartinvest22]

AGAIN!!! BARCHART confirmed PTSH 100% STRONG BUY Long term! PTSH | Barchart Opinion for Pts Inc