PTA Holdings Inc. States Its Trucking Operations 3rd Quarter Revenues Are Trending Up by 20% Over 2nd Qtr Results
29 Agosto 2013 - 9:17AM
PTA Holdings, Inc. (OTC Pink Sheets:PTAH) a
multi-faceted transportation group providing a broad array of
traditional transportation and management services, through its
Iowa subsidiaries, announced today that its second quarter revenues
are on target with earlier projections.
According to Tim Norton, VP and Director, "Our 3rd quarter
revenues and profits have increased to a point where we are
comfortable that revenues will increase over 20 % from that of the
2nd quarter." He further stated "As announced earlier, we have
added additional tractors and trailers during the quarter that will
enhance the expansion of and profitability of our Iowa and Midwest
business base. Based upon the 2nd quarter of 2012, the company will
see an increase of revenues of over 1000%." According to American
Trucking Association (ATA) statistics, motor carriers collected
$603.9 billion, or 80.9% of total revenue earned by all transport
modes and as the economy continues to improve the trend is expected
to continue.
About PTA Holdings, Inc. (OTC Pink Sheets:PTAH)
subsidiary 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.
CONTACT: Investor Relations Contact: ir@ptaholdings.net
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