PTA Holdings, Inc. Gives Positive Financial Update for 1st Quarter.
PHOENIX, May 6, 2013 /PRNewswire/ -- PTA Holdings, Inc. (OTC Pink Sheets: PTAH) today announced the filing of financial results for its 1st quarter ended March 31, 2013, through the OTC Markets Disclosure. Financial results include the operating companies of Nortford (logistics) and Eggspress (trucking).
Revenues for the quarter reached $1,035,781, operating profit $24,609. The Company also reduced net debt in the period as a result of exchanging common stock for notes. This amount was $63,530. The Company is in line with 'Pink Current' reporting requirements. A further press release will detail the company's financial progress and ongoing negotiations of strategic acquisitions.
About PTA Holdings, Inc.: The Company presently operates two transportation companies, Nortford (a logistics provider) and Eggspress (a trucking company), which are sister companies operating out of Fredericksburg, Iowa. The company specializes in truckload protective service, logistic and freight brokerage, and provides outside maintenance repair through its Hwy 18 Truck Repair center. The Company is conducting a rollup of strategic logistic companies.
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 Telephone (877)-636-4520
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SOURCE PTA Holdings, Inc.