PTA Holdings Revenues Could Exceed 2,275 Percent Growth in 2013
Letter of Intent Could Add an Additional 3-5 Million Dollars in
Revenues
PHOENIX, Jan. 18, 2013 /PRNewswire/ -- PTA Holdings,
Inc. (PINKSHEETS: PTAH) which recently completed the Nortford LLC
acquisition which is expected to add over 5
million dollars in revenues in 2013 is pleased to announce
that it has entered into an LOI for the purchase of Eggspress, an
Iowa based transportation company
serving the egg and agricultural industry. Eggspress will
strengthen the company's service capability as it expands its
footprint servicing the distribution of these products. The
Eggspress transaction will bring an expected revenue base of
approximately 3- 5 million dollars
annually to the company along with a blue-chip customer base.
Leonard J. Lewensohn, Chief
Executive Officer stated that, "We are making real progress as the
company pursues its acquisition roll-up strategy." He further
stated that, "PTA Holdings, Inc. will continue its focus on
expanding the business by implementing its roll-up strategy and
adding strategic functional elements of its business plan."
Matthew Spafford, CEO of Eggspress
states, "We are pleased to bring Eggspress into PTA Holdings, Inc.
along with Nortford, a sister company primarily serving the Egg
industry. Iowa has regained the
distinction of being the number one egg producing state and the
Iowa Egg Council estimates that there are over 40 million layers
producing 9.5 billion eggs. The multiplier impacts on the
Iowa economy are even more
impressive with total labor income of $160
million and value added of $224
million attributable to direct and indirect impacts of the
egg industry on the Iowa economy.
Our combined companies are strategically positioned to capitalize
on our expanded service capabilities."
About PTA Holdings, Inc.:
PTA Holdings, Inc. is a holding company with a core focus in the
automotive and for-hire transportation industry. Kingsley Logistics
Group, acquired in June of 2012, is a multi-faceted transportation
group providing a broad array of traditional transportation and
management services. The focus of the combined companies is to
expand the company 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.