PTA Holdings Inc. Announces Acquisition of Kingsley Logistics Group
PHOENIX, Sept. 19, 2012 /PRNewswire/ -- PTA Holdings, Inc. (OTC Pink Sheets: PTAH) announced today that it has completed the successful acquisition of Kingsley Logistics Group, Inc. Concurrent with the transaction Leonard Lewensohn of Kingsley Logistics Group has been named President of PTA Holdings, Inc.
Kingsley Logistics Group, Inc. is in the business of planning, organizing, and managing the movement of goods and materials. Kingsley operates primarily in the highly fragmented for-hire transportation industry including truckload and logistics services. Leonard J. Lewensohn, President stated; "The Kingsley Logistics Group business model adds real and measurable value throughout a customer's supply chain and helps customers to create a business advantage in the marketplace. Kingsley's mission is to provide a broad array of traditional transportation services that include LTL & Truckload, Inter-modal, Rail, Warehousing & Distribution, Equipment Leasing, Brokerage and 3PL, as well as Retail & Special Projects Logistics Services."
About PTA Holdings, Inc.:
PTA Holdings Inc. is a holding company with a core focus in the automotive and for-hire transportation industry. The Company acquired ProFlow Inc. in April 2007. ProFlow Inc. is a Georgia based company that specializes in the research and development of lubrication products for the automotive and industrial transportation marketplace. ProFlow since inception has been led by a NASCAR Winston Cup experienced management team. ProFlow has developed a lubrication package, for the auto, truck and bus industry that can have a dramatic and positive effect on fuel consumption.
Kingsley Logistics Group acquired in June of 2012 is a multi-faceted transportation group providing a broad array of traditional transportation and management services including LTL & Truckload, Inter-modal, Rail, Warehousing & Distribution, Equipment Leasing, Brokerage and 3PL, plus Retail & Special Projects Business Groups.
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
SOURCE PTA Holdings, Inc.