[b]PTAH >> ROIDAL ACQUISITION NEWZZZ PLAYAZZZ[/b]
PTA Holdings, Inc. Expects to Close Nortford, LLC Acquisition Transaction by Year End
2012-12-10 09:26 ET - News Release
PHOENIX, Dec. 10, 2012 /PRNewswire/ -- PTA Holdings, Inc. (Pink Sheets: PTAH) announced today that it has completed its initial due diligence review of materials related to the previously announced Nortford, LLC letter of intent. Nortford primarily serves the agriculture and food processing sectors with a primary focus in the egg industry. The Egg industry according to a 2010 national report is big business in Iowa, and the state's approximately 57 million layers generate over 14,025 billion eggs each year making Iowa the No. 1 egg-producing state in the nation. The company anticipates the execution of a Definitive Agreement, and transaction closing prior to year end. Earlier the company announced that they had completed an LOI for the purchase of Nortford, a $5,000,000 revenue, Iowa based Transportation Company.
Leonard J. Lewensohn, Chief Executive Officer stated earlier that "we are making real progress as the company pursues its acquisition roll-up strategy. The Nortford transaction brings an annualized revenue base of approximately $5,000,000 to our company." He further stated that, "PTA Holdings, Inc. will continue expanding the business through its roll-up strategy of transportation companies."
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 customer's transportation and supply chains, as we deliver exceptional value to them. Our primary business sector is the agriculture and food processing industry offering a stable and growing source of business.
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. 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
For more information, visit http://www.ptaholdings.net
Telephone (877)-636-4520
Investor Relations Contact: ir@ptaholdings.net
SOURCE PTA Holdings, Inc.
PTAH ROIDAL ACQUISITION NEWZZZ PLAYAZZZ PTA Holdings,
Top 10 Most Recent News Articles
Melissa Etheridge Honored for Mental Health Advocacy
Melissa Etheridge's Impact on Mental Health Advocacy Some folks make their mark through their music, and Melissa Etheridge is one of them. But this time, she’s stepping into the spotlight for a different kind of performance - her sheer dedication to mental health advocacy. On November 10, she’ll be honored at the 20th Annual HOPE Luncheon Seminar organized by the Hope...
Continue Reading
Milestone's 2026 LawHER Scholars: A Step Forward for Equity
A Significant Step for Women in Law Now, here’s a twist in the legal world that actually shakes things up in a good way. Milestone and Scholarship America just rolled out the red carpet for some promising female law students. We're looking at serious cash on the table: a top prize of $25,000 plus a couple more at $10,000 each, earmarked for women stepping into a...
Continue Reading
WaterField Launches Shield Case for Steam Frame
WaterField Shields Your VR Experience on the Move Picture this: You're deep into virtual reality gaming, and your setup is finally on point. The big but often overlooked question is—how do you lug this powerful tech around without turning it into a jumbled mess? Enter WaterField Designs with their latest creation, the Shield Case meant for Valve's Steam Frame VR...
Continue Reading
Radiation Oncologist Dr. Pennock Honored: A Closer Look
An Honor from The Inner Circle Sometimes, in a field stuffed with brilliant minds, a beacon stands out. That's Dr. Michael M. Pennock for you—a man who doesn’t just treat cancer patients but transforms their journeys with precision and empathy. Recognized as a Pinnacle Lifetime Member by The Inner Circle, Pennock’s dedication in the field of radiation oncology is...
Continue Reading
Medunik USA Ensures Steady Supply of Pheburane Amid Changes
There's a breath of relief in the air over at Medunik USA, where they're keeping a steady course amidst some choppy waters. Those dealing with urea cycle disorders (UCD) have had their fair share of ups and downs, but Pheburane® isn’t going anywhere anytime soon. Medunik USA Holds the Line So, picture yourself in the shoes of a patient battling a rare urea cycle...
Continue Reading
Tabañero Spices Up Holidays with $10 Gift Sets
Hot Sauce, Spicy Gifting, and Bold Barbecue When holiday cheer mixes with a dash of heat, you end up with something as electrifying as Tabañero's latest offerings. This Florida-based player is nudging its way into the gift-giving scene with a lineup that's as spicy as it is thoughtful. Frankly, if you're scrambling for stocking stuffers or a memorable Secret Santa...
Continue Reading
2021 Ferrari Portofino Shines Bright at Jake's Motorcars
San Diego might be known for its sunny weather, but Jake's Motorcars just cranked the heat with a 2021 Ferrari Portofino that flaunts a special-ordered Mandarin Orange interior. Now, if that doesn't scream "look at me," I don't know what does. For those who aren't just dabbling in Ferraris but are downright obsessed, let's dig into what makes this sports car not just...
Continue Reading
Read/Write Labs Tackles Brain-Tech Fusion Ambitions
Buck up, investors! There's a new player on the field marrying AI and neuroscience with some serious firepower and a respectable roster. Read/Write Labs—what you might've known yesterday as Dandelion Science—has kicked off under a fresh banner, amping up efforts to decode and recode our noggin's electrical orchestra. And with the likes of Jim DiCarlo, Dan Yamins, and...
Continue Reading
Smirnoff Launches Marvel Event with $12.99 Offer
Smirnoff's Bold Move to Ride Marvel's Coattails Here we are, watching a vodka brand hitch its wagon to a Hollywood juggernaut. Smirnoff has announced a fan experience to toast Marvel Studios' "Avengers: Doomsday." Of course, this isn't just about clinking glasses; it's a marketing stunt dressed in superhero tights. The impressive part? They’re selling the razzmatazz for...
Continue Reading
Rothera's KPI Swap Approval: A Financial Game Changer
Revolutionizing Risk Management with KPI Swaps Boy, if there's one thing that gets my ticker going, it's the buzz of innovation in financial markets. Rothera just landed a CFTC stamp of approval for something that's about to shake up how institutional traders manage risk: Key Performance Indicator (KPI) swaps. And can you believe it? This isn't just another derivative...
Continue ReadingTop 5 Most Recently Viewed Articles
Addressing the Public Health Concerns of Outbreak Oversight
Public Health Oversight in Foodborne Illness Outbreaks Foodborne illness outbreaks are a pressing concern for public safety, yet there appears to be a significant communication gap from health authorities. Recently, William "Bill" Marler, a prominent food safety lawyer, raised important questions about the Centers for Disease Control and Prevention (CDC) and the lack of...
Continue Reading
Rising Demand for Flexible Office Solutions in GCC Cities
Dramatic Shift in Office Space Demand in Major GCC Cities As businesses from around the globe increasingly establish their bases in the Gulf Cooperation Council (GCC) region, the demand for premium, flexible office spaces is experiencing a remarkable surge. The Place Group, a renowned provider of fully serviced offices, is witnessing an impressive influx of inquiries from...
Continue Reading
PriceSmart Achieves Strong First Quarter Results and Expansion Plans
PriceSmart Reports Impressive Growth in First Quarter of Fiscal 2026 PriceSmart, Inc. (NASDAQ: PSMT), with a presence across multiple regions, has announced substantial financial results for the first quarter of fiscal 2026, highlighting their ongoing growth and expansion strategies. The recent quarter ended on November 30, 2025, and the figures reflect a robust upward...
Continue Reading
Exciting Opportunities with AI-Powered XploraDEX Presale
The Future of Decentralized Trading with XploraDEX XploraDEX is creating waves in the decentralized finance (DeFi) ecosystem. As an innovative platform built on the XRP Ledger, it challenges traditional trading methods by incorporating artificial intelligence into its decentralized exchange (DEX). With the presale gaining momentum, it's becoming essential for investors to...
Continue Reading
Lilium Jet Launches New Era of Electric Aviation in Texas
Lilium (NASDAQ: LILM), a pioneering electric aircraft manufacturer, is making waves on U.S. soil with the debut of its electric jet, the Lilium Jet. This remarkable aircraft boasts vertical takeoff and landing (VTOL) capabilities, marking a significant step in the realm of Regional Air Mobility (RAM). As the company presents this groundbreaking jet in Houston, it opens up...
Continue Reading