PTSH General Corporate Update -- PTSH Seeking Definitive Merger Agreement
Toronto Canada (MMD Newswire) September 17, 2010 -- PTS, Inc. (PTSH.OB) today provides two important updates to their shareholders and the investment community. First, PTSH changed it office location from Las Vegas to Toronto, Canada. Second, PTSH moves closer to signing a definitive agreement.
Marc Pintar, Interim CEO of PTSH comments, "In May 2010 PTS, Inc. sent a due diligence team to Europe and Asia to further investigate possible merger candidates. Throughout these past several months we've been conducting due diligence and have made our decision. Both parties are looking forward to a quick close."
"For the past several days PTSH has a representative team on the ground in Europe and will be meeting the target company again to finalize the preliminary audit. We have high expectations that our team will come home with an amicable definitive agreement for our attorneys to review, as everything is slowly coming together for PTSH", commented Pintar.
Pintar continues, "We remind our followers that PTS, Inc is a fully reporting company, which means the entity merging into PTSH will require a full audit by our auditing firm HJ & Associates. Before we sign a definitive agreement our auditor will need to provide their consent, at which time we will release specific details of the merger.
PTS, Inc. and the targeted company agree that any information released into the markets could postpone or even terminate the proposed merger; therefore both parties refuse to discuss even general questions. PTS, Inc requests that the investment community refrain from contacting our M & A firm or the company for information about the merger.
"This is truly a monument opportunity for PTS, Inc. We've spent the better part of the year rehabilitating this company and it is time to move forward. We are very excited to be concluding a merger and will be extremely excited to make the announcement of a definitive agreement", concludes Pintar.
The company reminds its shareholders and followers to monitor PinkSheets.com Filing section and also our IR company web site section "PRESS RELEASES AND FILINGS" TAB http://www.minamargroup.net/ for non newsworthy corporate updates.
About Mina Mar Group:
Mina Mar Group, MMG offers full corporate services to public companies from filings, compliance and corporate governance matters. MMG pioneered the industry first "Go Public Free" program, the first OTC Markets firm to challenge the short sellers, stock bashers and repeal of the "Communication Decency Act". Visit http://www.minamargroup.com/ice to learn more and http://www.stockbasher.com/ to participate as a shareholder of the issuer.
Mina Mar Marketing Group, MMMG (http://www.minamargroup.net/) offers publicly traded companies full array of services such as Investor Relations, maintenance and investor awareness.
To be included in company's email database for press releases, "Friday Tips", Monday Analysis industry updates, and various client companies activities and updates that may or may not be news worthy or news released, please subscribe for opt-in mailer at http://www.minamargroup.com/updates.
Safe Harbor Statement
Safe Harbor Statement Information in this news release may contain statements about future expectations, plans, prospects or performance of PTS, Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. PTS, Inc. cautions you that any forward-looking information provided by or on behalf of PTS, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. PTS, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond PTS, Inc.'s control. In addition to those discussed in PTS, Inc.'s press releases, public filings, and statements by PTS, Inc.'s management, including, but not limited to, PTS, Inc.'s estimate of the sufficiency of its existing capital resources, PTS, Inc.'s ability to raise additional capital to fund future operations, PTS, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match PTS, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. PTS, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
CONTACT: For any investor relations matters, please contact www.minamargroup.net/helpdesk; Investor Relations Department Inquiry, www.minamargroup.net (IR); For (M&A) and Corporate Matters, www.minamargroup.com
Marc Pintar, Interim CEO of PTSH comments, "In May 2010 PTS, Inc. sent a due diligence team to Europe and Asia to further investigate possible merger candidates. Throughout these past several months we've been conducting due diligence and have made our decision. Both parties are looking forward to a quick close."
"For the past several days PTSH has a representative team on the ground in Europe and will be meeting the target company again to finalize the preliminary audit. We have high expectations that our team will come home with an amicable definitive agreement for our attorneys to review, as everything is slowly coming together for PTSH", commented Pintar.
Pintar continues, "We remind our followers that PTS, Inc is a fully reporting company, which means the entity merging into PTSH will require a full audit by our auditing firm HJ & Associates. Before we sign a definitive agreement our auditor will need to provide their consent, at which time we will release specific details of the merger.
PTS, Inc. and the targeted company agree that any information released into the markets could postpone or even terminate the proposed merger; therefore both parties refuse to discuss even general questions. PTS, Inc requests that the investment community refrain from contacting our M & A firm or the company for information about the merger.
"This is truly a monument opportunity for PTS, Inc. We've spent the better part of the year rehabilitating this company and it is time to move forward. We are very excited to be concluding a merger and will be extremely excited to make the announcement of a definitive agreement", concludes Pintar.
The company reminds its shareholders and followers to monitor PinkSheets.com Filing section and also our IR company web site section "PRESS RELEASES AND FILINGS" TAB http://www.minamargroup.net/ for non newsworthy corporate updates.
About Mina Mar Group:
Mina Mar Group, MMG offers full corporate services to public companies from filings, compliance and corporate governance matters. MMG pioneered the industry first "Go Public Free" program, the first OTC Markets firm to challenge the short sellers, stock bashers and repeal of the "Communication Decency Act". Visit http://www.minamargroup.com/ice to learn more and http://www.stockbasher.com/ to participate as a shareholder of the issuer.
Mina Mar Marketing Group, MMMG (http://www.minamargroup.net/) offers publicly traded companies full array of services such as Investor Relations, maintenance and investor awareness.
To be included in company's email database for press releases, "Friday Tips", Monday Analysis industry updates, and various client companies activities and updates that may or may not be news worthy or news released, please subscribe for opt-in mailer at http://www.minamargroup.com/updates.
Safe Harbor Statement
Safe Harbor Statement Information in this news release may contain statements about future expectations, plans, prospects or performance of PTS, Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. PTS, Inc. cautions you that any forward-looking information provided by or on behalf of PTS, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. PTS, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond PTS, Inc.'s control. In addition to those discussed in PTS, Inc.'s press releases, public filings, and statements by PTS, Inc.'s management, including, but not limited to, PTS, Inc.'s estimate of the sufficiency of its existing capital resources, PTS, Inc.'s ability to raise additional capital to fund future operations, PTS, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match PTS, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. PTS, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
CONTACT: For any investor relations matters, please contact www.minamargroup.net/helpdesk; Investor Relations Department Inquiry, www.minamargroup.net (IR); For (M&A) and Corporate Matters, www.minamargroup.com
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