PTS, Inc Announces New Business Relationship with KC 9000

PTS, Inc. (OTC Pinksheets: PTSH) announced today that it is finalizing a Letter of Intent to acquire KC 9000, a proprietary technology owned by Freedom Energy Holdings, Inc. (Pinksheets: FDMF) Under the terms of the agreement, the ownership of KC 9000 will be transferred to a newly formed subsidiary and PTSH will acquire the subsidiary for an undisclosed amount of stock.

"We are pleased with this pending agreement," stated Lowell Holden, President and CEO of PTS. "Once we finalize our agreement and acquisition, the Company will be positioned for growth through further acquisitions and internal business development."

Brian Kistler, CEO, FMDF stated, "In keeping with our previously announced plans, once completed, the stock being exchanged for the KC 9000 will be eventually distributed to the FDMF shareholders of record (as a stock dividend) on the date of declaration still to be determined. I am confident that through the efforts of PTSH, the real and true value of the KC 9000 will be able to be fully realized."

About PTS, Inc.:

PTS, Inc. is a company which recently divested its former operations and is seeking to invest in energy related projects including waste to energy, geothermal collection fields, natural gas and petroleum production. The administrative office is in Los Angeles, CA.

About KC 9000:

KC 9000 is a proprietary technology found to be very effective in decreasing the viscosity of Heavy Crude Oil. A breakthrough technology which provides an effective and cost efficient system to enable heavy oil deposits to flow without heat promises to revolutionize current recovery processes being utilized.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. These forward-looking statements generally can be identified by phrases such as PTS, Inc. or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new business opportunities and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report for the most recent fiscal year.

Contact:Lowell HoldenEmail: ltholden@comcast.netTelephone: (612) 961-5656

PTS, Inc.Lowell Holden, (612) 961-5656ltholden@comcast.net

PTS (CE) (USOTC:PTSH)
Historical Stock Chart
From Apr 2024 to May 2024