PTS, Inc. (PTSH) Completes Code Share Agreement With the Largest Distribution Providers in UK and EU
(firmenpresse) - LONDON, UNITED KINGDOM -- (Marketwire) -- 11/01/11 -- PTS, Inc. (PINK SHEETS: PTSH) () and Navistar Logistics (UK) Ltd. are of the opinion that the following release is of a material nature and warrants attention by the company followers. PTSH subsidiary Navistar Logistics has signed an agreement with a (possibly ranked as) # 1 pallet distribution company in the UK and Europe. This relationship (code share) will enable the company to provide door-to-door timed delivery and pickup capability for their clients across UK and Europe; thus to compete with the largest logistics providers in UK and in continental Europe.
This pallet distributor is a member-owned distribution company with some 300 trucking companies and approximately 3000 vehicles strategically located across the UK and Europe. Operating from a flagship distribution hub which, standing at an impressive 400,000 sq ft, is one of the biggest centres of its kind in Europe.
The agreement provides Navistar Logistics with total control and scalable options for all clients across the UK and eurozone, enabling the company to increase the reliability of its services with state of the art track-and-trace and booking systems. With this agreement, the company expects to increase sales and business capabilities, and give Navistar the control and credibility to directly compete with the largest transport companies.
Company CEO, John O'Brien stated, "This pallet-specific business has increased to over GBP 80,000 per month for Navistar, (Approximately $120,000 USD) and increases at a rate of more than 20% per month without increasing our cost base. The pallet distributor handles some 15,000 pallets per night from the central hub, which is based 5 miles from Navistar's Birmingham and West Bromwich operations. This allows us quick, easy and scalable distribution options for all Navistar's pre-10 am, next day, and economy services.
"We are dramatically increasing our load factors on our own transport, and now we can cover any demand our clients have and ensure reliable delivery to meet customers' requirements, without having to refuse business due to the lack of trucks available from our own fleet. This agreement will allow us to grow faster while increasing the service quality and gaining more credibility in logistics market without a massive investment."
PTS, Inc. management intends to provide more updates to its followers promptly and on a timely basis.
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.
Contacts:
PTS, Inc.
Investor Relations:
Callers will require a ticket # from the help desk before
their calls are queued
Toll Free: 1-800 365-4331
PTS, Inc.
Investor Relations Department Inquiry
(IR)
PTS, Inc.
For (M&A) and Corporate Matters
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 01.11.2011 - 19:45 Uhr
Sprache: Deutsch
News-ID 82707
Anzahl Zeichen: 0
contact information:
Town:
LONDON, UNITED KINGDOM
Kategorie:
Education Aids and Products
Diese Pressemitteilung wurde bisher 240 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"PTS, Inc. (PTSH) Completes Code Share Agreement With the Largest Distribution Providers in UK and EU"
steht unter der journalistisch-redaktionellen Verantwortung von
PTS, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
