PTA Holdings, Inc. Continues Trucking Roll UP Strategy
PHOENIX, May 16, 2013 /PRNewswire/ -- PTA Holdings, Inc. (OTC Pink Sheets: PTAH) announced today that the Company is in negotiations with a refrigerated truckload motor carrier that complements its existing trucker, Eggspress. Synergistic acquisitions provide for better equipment utilization which results in an increase in revenue per mile. During the last year, the Company has successfully concluded several acquisitions resulting in recently reported First Quarter (March 31, 2013) revenues and operating profits of $1,035,781 and $24,609 respectively. Through the acquisition of additional motor carriers the Company aims to increase revenue and profits by improving overall operating efficiency and control.
"We are continuing to search for the right motor carriers to add to our system. The United States refrigerated transportation market is projected to increase 4 to 5% through 2014 as more companies are utilizing protective service to insure quality product on delivery" stated Tim Norton, Vice President. He further stated "we are continuing to evaluate additional trucking acquisition opportunities that will enhance the profitability of our Midwest business base."
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.
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SOURCE PTA Holdings, Inc.