PTA Holdings Inc. Completes Nortford Transaction Anticipates 1,340 Percent Revenue Increase in 2013
PHOENIX, Dec. 17, 2012 /PRNewswire/ -- PTA Holdings, Inc. (Pink Sheets: PTAH) announced today that it has completed the previously announced Nortford transaction. Nortford, with anticipated annual revenues of approximately $5,000,000, primarily serves the agriculture and food processing sectors with a heavy focus in the egg industry. The company previously announced in early November that they had completed an LOI for the purchase of Nortford, LLC.
Leonard J. Lewensohn, Chief Executive Officer stated earlier that "we are very excited about the completion of our initial roll up and look forward to the growth opportunities that the Nortford team brings to our platform." He further stated that, "PTA Holdings, Inc. anticipates additional roll-ups in the transportation sector to occur during the first quarter of 2013."
About Nortford, LLC. While our tradition of service began with our produce marketing and truckload services, we've evolved into a first rate 3PL and trucking operation with a comprehensive portfolio of sourcing, transportation, and logistics services. Our people, processes, and technology improve our customers' transportation and supply chains, as we deliver exceptional value to our customers and suppliers. Flexible, consistent, unbeatable service is our pledge as we sort out exactly what a customer's requirements are and—we are committed to exceeding them every single day.
About PTA Holdings, Inc.: PTA Holdings, Inc. is a holding company in the transportation industry. The company acquired Kingsley Logistics Group in June of 2012. Kingsley is a multi-faceted transportation group providing a broad array of traditional transportation services. The company plans to expand 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
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SOURCE PTA Holdings, Inc.