PTS, Inc Announces Investment Discussion in Biotech Company
22 January 2015 - 8:15AM
Business Wire
PTS, Inc, (the "Company") (OTC Pink: PTSH) announced today
it has entered discussion to advance Mariposa Health Ltd bridge
financing.
"Mariposa is advancing its development of a COPD drug for the
world market," stated Lowell Holden, President and CEO of PTS.
"Fulfilling their immediate financial needs will allow them to
continue their work before their next round of financing,
“Our alignment with PTS will help us continue our work as we
complete our next round of financing,” states Dr. Phillip Comans
Executive Chairman of Mariposa. “We are positioned to complete our
trials and then can bring the products to market."
About PTS: PTS, Inc. is a company which recently divested its
former operations and is seeking to invest in various businesses
that give PTS a potential return on their investment. The
administrative office is in Los Angeles, CA.
Mariposa Health Ltd is an Australian unlisted public
pharmaceutical R&D company with 2 key products in mid-Phase -2
clinical development in the areas of Chronic Obstructive Pulmonary
Disease and asthma treatment.
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:
Lowell HoldenEmail: ltholden@comcast.netTelephone: (612)
961-5656
PTS, IncLowell Holden, 612-961-5656ltholden@comcast.net
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