PTA Holdings Launches Asian Division; PTA Names Veteran Asian Business Leader to Lead Its Asian Operations
September 26 2008 - 3:02PM
Marketwired
PTA Holdings, Inc. (PINKSHEETS: PTAH) announced today that it is
launching an Asian Pacific Division. The Company also announced
that it has named Tony ("Myong") S. Shin as its President. Mr. Shin
is a recognized Asian business leader with a proven track record
both in the United States and throughout Asia. Mr. Shin received
his MBA in the United States in 1973 and currently is Chairman of
IMRS/GHC Group which maintains offices in both Michigan and South
Korea.
Mr. Shin expressed, "I am delighted to join PTA Holdings in the
capacity of President of its Asia Pacific division. I am also
extremely pleased to address the high fuel costs that are currently
strangling the truck fleets throughout Asia and the Pacific Rim.
PTA's technologies will provide a tremendous resource to help rein
in fuel costs in these markets."
Ted Leverette, President of PTA, declared, "We are very excited
about Tony joining our team and we look forward to marketing our
products throughout the Pacific Rim." Leverette continued, "While
our mandate is to stimulate fuel savings for all cars and trucks
and lessen our reliance on foreign oil, there are numerous large
markets outside the United States that can benefit from our
technologies."
PTA's core motor oil product consists of a premium blend of
synthetic and Paraffin-based motor oils with proprietary additives
that significantly reduce friction in piston-fired cylinders,
thereby creating fuel savings of up to 30%. The product has been
tested on a wide array of automobiles, trucks and machinery with
consistent performance results.
About PTA Holdings, Inc.:
PTA Holdings, Inc. ("PTA") is a diversified holding company with
a core focus in the automotive industry. The Company acquired
ProFlow, Inc. in April 2007. ProFlow, Inc. is a Georgia based
Automotive Service Center that specializes in the repair and
maintenance of domestic, foreign and diesel cars. ProFlow, since
inception, has been led by a NASCAR Winston Cup-Winning experienced
management team. ProFlow has developed and designed fuel saving
processes, for the automobile industry that can have a dramatic
effect on fuel consumption. ProFlow is aggressively approaching
successful future technologies for fuel mileage in the complete
automotive and Diesel industry. Additional information can be found
on the company's website: www.ptaholdings.com.
ProFlow specializes in full service automotive & truck
repair with an emphasis on Oils and Lubricants. ProFlow was founded
by a veteran of the NASCAR automotive racing circuit. Presently,
ProFlow operates two automotive centers and has plans to open
additional corporate owned centers and franchises in the future
with a short-term goal of 10 locations in the southeast. The fuel
savings formula and related technology were developed by the
company's founder and team.
Forward-Looking Statements
This news release contains forward-looking statements about our
business, or financial condition and prospects that reflect our
assumptions and beliefs based on information currently available.
We can give no assurance that the expectations indicated by such
forward-looking statements will be realized. There may be other
risks and circumstances that we are unable to predict. When used in
this news release, words such as "believes," "expects," "intends,"
"plans," "anticipates," "estimates" and similar expressions are
intended to identify forward-looking statements, although there may
be certain forward-looking statements not accompanied by such
expressions. All forward-looking statements are intended to be
covered by the safe harbor created by Section 21E of the Securities
Exchange Act of 1934.
Contact: PTA Holdings, Inc. Ted Leverette, II (478) 457-5873
www.ptaholdings.com
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