PTSH NEWS
PTSH NEWS
LONDON, UNITED KINGDOM, Aug 11, 2011 (Marketwire via COMTEX) -- PTS, Inc. (PINK SHEETS:PTSH) (www.ptspi.com) is pleased to introduce its new merger candidate: Navistar Logistics (UK) Ltd.
https://www.navistar.co.uk.
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.