PTA Holdings, Inc. Develops New Diesel Fuel Additive System
November 16 2011 - 8:53AM
Marketwired
PTA Holdings, Inc. (PINKSHEETS: PTAH) http://www.ptaholdings.com.
announced today that its wholly owned subsidiary ProFlow, Inc. has
developed a new diesel fuel additive tank system.
"Since 2007 the U.S. EPA has reduced the amount of sulfur used
in diesel fuel which has worried fleet owners of potential damage
to older diesel engines. Sulfur is the lubrication for the
injectors, valves, and injector pumps. Our system helps the
trucking industry keep an additive in the fuel tanks with
confidence that the additive will be in the tanks as desired,"
stated Ted Leverette, CEO of PTA Holdings, Inc.
According to industry studies, demand for specialty fuel
additives in the US is forecast to increase annually to $1.2
billion in 2012. Diesel additives are expected to see the fastest
growth in volume terms, albeit from a relatively small base,
because of the expanding use of ultra low sulfur diesel as well as
regulations requiring the use of biodiesel.
About PTA Holdings, Inc.:
PTA Holdings, Inc. ("PTA") is a diversified holding company. The
Company acquired ProFlow, Inc. in April 2007. ProFlow, Inc. is a
Georgia based Automotive Service Center that specializes in the
development of special oils for domestic, foreign and diesel
engines. 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: http://www.ptaholdings.com.
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 CEO 478-457-5873
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