Rumor Mill News Play ~PTAH Good Afternoon T
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Rumor Mill News Play ~PTAH
Good Afternoon Traders! For those of you that didn’t get our tweets Friday, we would like to bring PTAH to your attention. Over the past few months PTAH has been catching up with filings, updating their website, and announcing acquisitions and recently entered into an “LOI” with Nortford which could bring an immediate revenue base of approximately 5 million dollars annually to their company along with a blue-chip customer base.
Once we break .0045 resistance on PTAH we think it could set up for some nice gains.
Full profile here: http://bestdamnpennies.com/rumormill.html
PHOENIX, Nov. 6, 2012 /PRNewswire/ — PTA Holdings, Inc. (Pink Sheets: PTAH) announced today that it has entered into an LOI for the purchase of Nortford, LLC an Iowa based marketing and transportation company. While the exact terms were not announced, the transaction will include both a cash and stock component. The companies expect to complete the transaction prior to year end, subject to completion of due diligence and financing required for the transaction.
Leonard J. Lewensohn, Chief Executive Officer stated, ”we are making real progress as the company pursues its acquisition roll-up strategy. The Nortford deal will bring an immediate revenue base of approximately 5 million dollars annually to our company along with a blue-chip customer base.” He further stated, “PTA Holdings, Inc. will now continue its focus on expanding the business by initiating its roll-up strategy of transportation companies, during the 4 th quarter of this year, this initial transaction further indicates our commitment to grow the company.”
Mathew Spafford, CEO of Nortford LLC states; “We are pleased to become a part of the PTA Holdings team, and our commitment is to participate in the successful growth of the combined companies.” Nortford provides its marketing and transportation services primarily to food related industries.
About PTAH
PTA Holdings Inc. (PTAH) is a holding company with a core focus in the automotive industry and for-hire transportation industry. The Company acquired ProFlow Inc. in 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.
PTA Holdings Inc. acquired Kingsley Logistic Group in 2012. Kingsley Logistics Group is a multi-faceted transportation group providing a broad array of traditional transportation services that include LTL & Truckload, Inter-modal, Rail, Warehousing & Distribution, Equipment Leasing, Brokerage and 3PL, plus Retail & Special Projects Business Groups.
Kingsley is well positioned to take advantage of the transportation industry’s growing trend toward global logistics, distribution and supply chain management, paying attention to the acquisition of small to medium sized companies that we define generating revenues of 2.0 to 20 million of annual revenues as targets of our roll-up strategy. The company will use a combination of transportation software, website technology, for the consolidation of its roll-up of supply chain subsidiaries, including truck and inter-modal transportation units, warehousing and storage facilities, logistics management and related technology functions.
We are up to the task…
…Our team, products, technology, solutions, and technical resources will provide customers with world-class service, information and controls over their product cost and status of shipping activities within their supply chain.
Marketplace
“…Understanding the business, the value proposition and the opportunity…”
THE INDUSTRY WE SERVE “…$585 billion… Trucking on average, collected 86.5% of the nations freight Bill.”
By any standard of measurement, the trucking industry continues to dominate the freight transportation market. Nearly every product consumed is transported by truck at some point in time. According to market statistics, the trucking segment hauled 67.9% or 8.9 billion tons of all freight transported in the United States. The trucking industry earned $585 billion of that amount representing 86.5% of the nation’s freight bill. Summarizing, trucking on average collected 86.5 cents on every dollar spent of freight transportation.
“Current inefficiencies within the Supply Chain sector create exceptional opportunities for Kingsley Logistics Group.”
Kingsley Logistics Group is positioned to execute the consolidation of companies that meet Kingsley roll-up criteria.
Before the motor carrier industry was deregulated in 1980, there were fewer than 20,000 interstate carriers in the United States. By the end of 2002 that number increased to more than 585,000. While there are a large number of trucking companies, the vast majority are operated as a small business. Around 93% of those companies operate with fewer than 20 trucks and approximately 80% operate six trucks or less. As a consequence, trucking is a highly fragmented industry, resulting in intense competition (in terms of price and non-price factors) and low profit margins. The recession starting in 2008 and continuing to this date, and, the extremely high cost of diesel fuel, along with the environmental restrictions these companies face has many of them looking for a “safe-harbor”. Kingsley Logistics Group is a company poised and ready to execute the consolidation of companies that meet Kingsley roll-up criteria. This sector will create exceptional opportunities for the company.
Market Reach
“Kingsley is positioned to be a true global operator.”
Trucking plays and enormous role in processing trade that flows across the northern and southern borders of our country. Canada and Mexico are among our largest trading partners, in fact trucks handle over 67% of goods (in terms of value) between the United States and Canada and more than 80% between the U.S. and Mexico.
The company is positioned to be a true global operator. Preliminary research also indicates opportunities throughout Asia and Mainland China and throughout the Pacific Rim abound for companies structured to handle their business on a door-to-door basis.
LeveI II @ Close Friday
Current News and Press Releases
PTA Holdings Inc. Executes LOI to Purchase Iowa based Marketing & Transportation Company
Tue, 06 Nov 2012 14:24:00 GMT
PTA Holdings, Inc. Announces Updated Company Information and Disclosure Statement and Quarterly Report for June 30, 2012
Thu, 11 Oct 2012 15:43:00 GMT
PTA Holdings, Inc. Updates Corporate Website
Tue, 02 Oct 2012 14:30:00 GMT
PTA Holdings Inc. Announces Acquisition of Kingsley Logistics Group
Wed, 19 Sep 2012 14:26:00 GMT
PTA Holdings, Inc. to Accelerate Production of Its Fuel Saving Oil
Wed, 15 Feb 2012 21:05:00 GMT
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