PTA Holdings Inc. Increases Capacity Adding New Facility in Midwest
Haulage Sector to Capture Increased Percentage of $600 Billion
Market
PHOENIX, Ariz., Feb. 8, 2013 /PRNewswire/ -- PTA Holdings, Inc.
(OTC Pink Sheets: PTAH) through its subsidiary Nortford, LLC
announced today that it has signed a lease for a maintenance and
operations facility in Fredericksburg,
IA. The contract will be year-to-year for five years with a
purchase clause at the end of the lease. The facility consists of
several service bays, office space, potential retail space and
parking space for semi-trailers. The facility will enable the
Company to provide repair and reconditioning services for its fleet
operations as well as for other fleet operators in the Midwest.
According to American Trucking Association (ATA) statistics, motor
carriers collected $603.9 billion, or
80.9% of total revenue earned by all transport modes.
Matt Spafford, President, was quoted
saying "This facility will allow us to perform routine maintenance
that in turn will help monitor our cost structure for owned
tractors and trailers. In addition, we can create a new profit
center by performing work for Owner Operators that are leased with
our affiliated trucking companies. Long-term we are working on
several retail avenues one of them being a national tire account
that again will allow us to be more cost effective". With the
addition of this facility we will have the space to take advantage
of these opportunities. Spafford added.
About PTA Holdings, Inc.
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.