PTA Holdings, Inc (PTAH)

[user134247]

Attorney Letter due 5/1/2015. not filed yield sign.
1st Q report due 5/15/2015.

No purchase of Crane creek Trucking. All false & misleading.

PTA Holdings, Inc. Signs $5 Million Revolving Credit Facility with TCA Global Credit Master Fund to Support Growth and Advanc...
Date : 08/25/2014 @ 8:00AM
Source : eTeligis
Stock : Pta Holdings, Inc. (PL) (PTAH)
Quote : 0.0001 0.0 (0.00%) @ 9:54AM

PTA Holdings, Inc. Signs $5 Million Revolving Credit Facility with TCA Global Credit Master Fund to Support Growth and Advanc...
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PHOENIX, AZ(eTeligis Inc.)

PHOENIX, AZ, United States, via ETELIGIS INC., 08/25/2014 - - PTA Holdings, Inc. (OTC PINK: PTAH) (PINKSHEETS: PTAH) a multi-faceted transportation group providing a broad array of traditional transportation and management services, announce that on August 1, 2014, and its wholly owned subsidiaries, closed a Senior Secured Revolving Credit Facility of up to $5 million with TCA Global Credit Master Fund, LP ("TCA"). The credit facility with TCA will provide operating capital and funds for acquisitions.

Leonard Lewensohn, CEO stated today that; "We are pleased to report that the company has recently completed a funding agreement with TCA Global Master Fund, LP. An initial draw of $750,000, less transaction expenses and necessary debt reduction payments, will be used in existing operations as we execute our growth plan. The Company intends to use the remaining facility primarily to fund revenue and profit through accretive acquisitions. Additional draws under the facility are available on an as-needed basis, based on a mutually approved formula of eligible receivables and assets, subject to continuing compliance with the terms of the revolving credit facility. The first draw of funds was use for the acquisition of Crane Creek Trucking, as announced on August 21, 2014.

He further stated; "This is another significant event in our development and growth plans. This 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. Whereas, this facility may not be suitable for all acquisitions, the confidence that such proof of funds provides and our ability to move quickly on transactions should make us more attractive to potential sellers and provide an advantage in competitive negotiations. We look forward to building a strong relationship with TCA over the coming months and years. Our team has embarked on a major re-alignment of internal operations to become more competitive and achieve profitability at lower levels of revenue that will result from significant cost reductions that have taken place during the 2nd quarter ."

Ab out PTA Holdings, Inc. OTC: PTAH

PTA Holdings is a multi-faceted transportation group providing a broad array of traditional transportation and management services. The focus of the combined companies is to expand the company via a strategic transportation industry roll-up.

To view website go to www.ptaholding.com

Notice on Forward-Looking Statements:

This news release includes forward-looking statements regarding PTA Holdings, Inc. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties. Forward-looking statements speak only as of the date on which they are made and PTA Holdings, Inc. undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

CONTACT:

Investor Relations Contact:

[e-mail]

or

Leonard Lewensohn

CEO

PTA Holdings, Inc.

SOURCE: PTA Holdings, Inc.

Associated Documentation:

http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=27791 - Link to submission on http://www.eteligis.com

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PTA Holdings, Inc. Announces 2nd Quarter 2014 Results and Results of $5 Million Credit Facility With TCA Global Master Credit...
Date : 09/16/2014 @ 7:30AM
Source : eTeligis
Stock : Pta Holdings, Inc. (PL) (PTAH)
Quote : 0.0001 0.0 (0.00%) @ 9:54AM

PTA Holdings, Inc. Announces 2nd Quarter 2014 Results and Results of $5 Million Credit Facility With TCA Global Master Credit...
Print
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 2ndquarter 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.

About PTA Holdings, Inc. OTC: PTAH

PTA Holdings is a multi-faceted transportation group providing a broad array of traditional transportation and management services. The focus of the combined companies is to expand the company via a strategic transportation industry roll-up.

To view website go to www.ptaholding.com

Notice on Forward-Looking Statements:

This news release includes forward-looking statements regarding PTA Holdings, Inc. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties. Forward-looking statements speak only as of the date on which they are made and PTA Holdings, Inc. undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

CONTACT:

Investor Relations Contact:

[e-mail]

or Leonard Lewensohn

CEO

SOURCE: PTA Holdings, Inc.

Associated Documentation:

http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=27791 - Link to submission on http://www.eteligis.com