PTS, Inc Completes Transaction to Acquire Matcjedje Motors, Limited
02 July 2014 - 11:00PM
Business Wire
PTS, Inc. (the "Company") (OTC Pink: PTSH) announced today that
it has completed an agreement with Matchedje Motors, Limited of the
Provincia do Maputo, Africa to acquire it as a subsidiary of PTS,
Inc and supply an initial investment of US$1,000,000 to Matchedje
Motors through a loan agreement and promissory note. "This
agreement gives us an initial investment in a growing market place
with a lot of potential," stated Lowell Holden, President and CEO
of PTS. "We feel it is the beginning of a long term relationship in
a rapid growing market space.”
About PTS: PTS, Inc. is a company which recently divested its
former operations and is seeking to invest in projects that can be
identified as growing sectors of the worldwide economy. The
administrative office is in Los Angeles, CA.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended. Statements in this press release which are not
purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. These forward-looking statements generally
can be identified by phrases such as PTS, Inc. or its management
"believes," "expects," "anticipates," "foresees," "forecasts,"
"estimates" or other words or phrases of similar import. Such
forward-looking statements include, among other things, the
development, costs and results of new business opportunities.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
new business opportunities and development stage companies. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that any beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our annual report for the most
recent fiscal year.
Contact InformationPTS, Inc. Lowell Holden,
CEO612-961-5656Ltholden@comcast.net
PTS, Inc.Lowell Holden, 612-961-5656CEOLtholden@comcast.net
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