PTS, Inc. (PTSH) Completes Merger with Navistar Logistics (UK) Ltd.
London UK, October 7, 2011 – PTS, Inc. (PTSH; www.ptspi.com) and Navistar Logistics (UK) Ltd. http://www.navistar.co.uk/ announce that Navistar Logistics had been successfully merged into PTS. Inc. The merger was executed on all stock basis and Navistar represents PTS, Inc.’s sole subsidiary and a major shareholder.
Navistar Logistics (UK) Ltd. CEO, and the incoming CEO of PTS, Inc., John O’Brien stated “We are excited to have executed this merger and we look forward to raise the value of PTS, Inc. as its sole subsidiary. Navistar is a profitable and well-ran company, and we expect to make the most of our position as a publicly traded company.
“We bring revenues in the excess of $10 million, so we are looking at the option to uplist PTS, Inc. back to the reporting status. We consider ourselves ‘doers’ rather than ‘talkers’ and our advisors are trying to secure the route for this to happen smoothly, currently seeking a suitable PCBOA auditor. We should be able to provide update on this in few months.”
Navistar has been established in the UK for over 10 years with a wealth of experience and knowledge in all logistics disciplines. Navistar specializes in air freight, sea freight and road haulage, transfer customs clearance, storage and fulfillment. Navistar can collect and deliver door-to-door anywhere in the world.
The company is a member of British International Freight Association (Navistar can be found on BIFA site: http://www.bifa.org/content/Member.aspx), Road Haulage Association (RHA; http://www.rha.uk.net/) and the British Chamber of Commerce.
Navistar Logistics (UK) Ltd. owns warehousing facilities in London, Birmingham, West Bromwich, Manchester, Newcastle and at most major ports, airports and hubs such as London Heathrow. All facilities are equipped with state of the art security controls, and lock down facilities for high value and sensitive goods.
Navistar has extensive partnerships throughout North America and a worldwide network of international approved agents, offering logistic services throughout UK, Northern and Southern Ireland, and Europe, and developed extensive relationships with the international logistics communities, such as ports, 3rd party forwarders, large-scale logistic coordination companies, customs, etc.
Navistar offers its customers various types of delivery vehicle options, such as transit-type vans, 7.5t and 18t curtain-sided trucks with tail lifts or “air ride” 40ft articulated lorries, all operated by experienced and courteous drivers. In total, the company owns a fleet of 35 vehicles, with the option to seek out 3rd party freight forwarders to accommodate all of its customers. All vehicles are equipped with GPS tracking and mobile phone communications. The company also offers refrigerated vehicles, and is certified to handle dangerous goods. Navistar offers on-line tracking system and freight management.
PTS, Inc. management will provide more updates on this and other company news shortly and promptly.