PTA Holdings Inc. Completes Nortford Transaction
PHOENIX, Dec. 17, 2012 /PRNewswire/ -- PTA Holdings,
Inc. (Pink Sheets: PTAH) announced today that it has completed the
previously announced Nortford transaction. Nortford, with
anticipated annual revenues of approximately $5,000,000, primarily serves the agriculture and
food processing sectors with a heavy focus in the egg industry. The
company previously announced in early November that they had
completed an LOI for the purchase of Nortford, LLC.
Leonard J. Lewensohn, Chief
Executive Officer stated earlier that "we are very excited about
the completion of our initial roll up and look forward to the
growth opportunities that the Nortford team brings to our
platform." He further stated that, "PTA Holdings, Inc.
anticipates additional roll-ups in the transportation sector to
occur during the first quarter of 2013."
About Nortford, LLC. While our tradition of service began
with our produce marketing and truckload services, we've evolved
into a first rate 3PL and trucking operation with a comprehensive
portfolio of sourcing, transportation, and logistics services. Our
people, processes, and technology improve our customers'
transportation and supply chains, as we deliver exceptional value
to our customers and suppliers. Flexible, consistent, unbeatable
service is our pledge as we sort out exactly what a customer's
requirements are and—we are committed to exceeding them every
single day.
About PTA Holdings, Inc.: PTA Holdings, Inc. is a holding
company in the transportation industry. The company acquired
Kingsley Logistics Group in June of 2012. Kingsley is a
multi-faceted transportation group providing a broad array of
traditional transportation services. The company plans to expand
via a strategic transportation industry roll-up.
Notice on Forward-Looking Statements:
This
news release includes forward-looking statements regarding PTA
Holdings, Inc. and its business. Such statements are based on
management's current expectations. The forward-looking events and
circumstances discussed in this release may not occur and actual
results could differ materially as a result of known and unknown
risk factors and uncertainties. Forward-looking statements speak
only as of the date on which they are made and PTA Holdings, Inc.
undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise
For more information, visit
http://www.ptaholdings.net
Telephone (877)-636-4520
Investor Relations Contact: ir@ptaholdings.net
SOURCE PTA Holdings, Inc.