PHOENIX, AZ(Eteligis Inc.)

PHOENIX, AZ, United States, via ETELIGIS INC., 09/16/2014 - - PTA Holdings, Inc. (OTC Pink: PTAH) (PINKSHEETS: PTAH), a multi-faceted transportation group providing a broad array of traditional transportation and management services, today reported financial and operational results for the 2ndquarter ending June 30, 2014. The Company announced a profit of $15,947 for this quarter compared with a profit of $57,767 for the same period last year. During the 2nd quarter ended June 30, 2014, total revenues decreased by $565,000 from the previous 1st quarter, due to realignment of its operations. The Company's Nortford subsidiary has become a direct fleet operator with H & N Logistics.

The receipt of a $5.0 million revolving line of credit from TCA Global Master Credit on August 1, 2014, allows the Company to expand its operations through equipment purchases and acquisitions. The first acquisition under the line of credit was Crane Creek Trucking. This should add $1.5 million in annual revenues. By then end of the 4th quarter the Company expects to be utilizing 12 company units and 5 owner operators.

With funding available, the Company is planning another acquisition of an Iowa based trucking company that will develop additional annual revenues of $1.5 million.

This is another significant event in our development and growth plans. The credit facility with TCA forms a key pillar in our funding capability and, with another strong funding partner behind us, demonstrates to customers, partners and targeted acquisitions collectively that we are in a position to execute. The Company is prepared to file its 3rd quarter 2014 report within 45 days end of period.

About PTA Holdings, Inc. OTC: PTAH

PTA Holdings 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.

To view website go to www.ptaholding.com

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

or Leonard Lewensohn

CEO

SOURCE: PTA Holdings, Inc.

Associated Documentation:

http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=27791 - Link to submission on http://www.eteligis.com

PTA (CE) (USOTC:PTAH)
Historical Stock Chart
From Dec 2024 to Jan 2025 Click Here for more PTA (CE) Charts.
PTA (CE) (USOTC:PTAH)
Historical Stock Chart
From Jan 2024 to Jan 2025 Click Here for more PTA (CE) Charts.