PTA Holdings Inc. Completed Formation of New Subsidiary American Trainco Logistics, Inc.
October 23 2013 - 8:19AM
PTA Holdings, Inc. (Pink Sheets:PTAH)
(www.ptaholding.com), a multi-faceted
transportation group providing a broad array of traditional
transportation and management services, announced today that they
are entering the intermodal transportation rail segment. American
Trainco Logistics (ATL) will be a wholly owned subsidiary whereby
the Company officially enters the $1,889 Billion dollar industry
segment and complementing our existing transportation operations.
Leonard Lewensohn, C.E.O. of PTA Holdings, stated; "ATL will
deal with other intermodal 3PL's, freight brokers and trucking
companies. ATL will acquire over-the-road freight brokers and
intermodal rail brokers that will accelerate the growth of the
company and enable the development of enough freight volume to
negotiate and hold direct railroad contracts. The initial focus of
ATL will be centered on the dynamic 300 miles freight base that
surrounds Chicago as a Hub. In addition to opening a location in
Chicago, ATL proposes to open additional offices in Los Angeles and
St. Louis. ATL gives us the flexibility to continue rapid
growth."
About PTA Holdings, Inc. (Pink Sheets:PTAH)
(www.ptaholding.com) Kingsley Logistics Group,
acquired in June of 2012, is a multi-faceted transportation group
providing a broad array of traditional transportation and
management services to the trucking industry. We offer logistics
solutions through our Kingsley Consulting Group. Our highly
experienced team of industry trained professionals bring a myriad
of competencies beyond pure transportation, including
manufacturing, engineering, process management, and software
customization, and implementation experience. 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.
CONTACT: Investor Relations Contact: ir@ptaholdings.net
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