PTA Holdings, Inc (PTAH)

[Referentialartist]

PTAH - 9/16/2014 PTA Holdings, Inc. Announces 2nd Quarter 2014 Results and Results of $5 Million Credit Facility With TCA Global Master Credit...

Let's analyze the recent results shall we...

PHOENIX, AZ(Eteligis Inc.)

PHOENIX, AZ, United States, via ETELIGIS INC., 09/16/2014 - - PTA Holdings, Inc. (OTC Pink: PTAH) (PINKSHEETS: PTAH), a multi-faceted transportation group providing a broad array of traditional transportation and management services, today reported financial and operational results for the 2nd quarter ending June 30, 2014. The Company announced a profit of $15,947 for this quarter compared with a profit of $57,767 for the same period last year. During the 2nd quarter ended June 30, 2014, total revenues decreased by $565,000 from the previous 1st quarter, due to realignment of its operations. The Company's Nortford subsidiary has become a direct fleet operator with H & N Logistics.

The receipt of a $5.0 million revolving line of credit from TCA Global Master Credit on August 1, 2014, allows the Company to expand its operations through equipment purchases and acquisitions. The first acquisition under the line of credit was Crane Creek Trucking. This should add $1.5 million in annual revenues. By then end of the 4th quarter the Company expects to be utilizing 12 company units and 5 owner operators.

With funding available, the Company is planning another acquisition of an Iowa based trucking company that will develop additional annual revenues of $1.5 million.

This is another significant event in our development and growth plans. The credit facility with TCA forms a key pillar in our funding capability and, with another strong funding partner behind us, demonstrates to customers, partners and targeted acquisitions collectively that we are in a position to execute. The Company is prepared to file its 3rd quarter 2014 report within 45 days end of period.

If you noticed my bold points, this would put us at increased total revenues of 3+ Million for an upcoming 3rd quarter 2014 report. Something to think about, PTA Holdings looks to me like they are continuing operations and has finished the realignment process, all so while working with and acquiring additional trucking companies, a pivotal move for domination in the logistics sector.