PTS, Inc. (PTSH)

[emulwa]

First, I believe pinksheets.com or investor hub, rather than RBull is the place to obtain more recent and accurate data on the share structure. Pinksheets is independent of conflict of interest. PTSH has 223.97 mil shares which can be confirmed because it is a reporting company. These numbers also show on the company’s previous 10QSB. PWVG has about 181,450,270 shares as of 2006-01-09. There is no evidence of any revenues generated by PWVG. On the other hand, PTSH is generating revenues and has substantial amount of cash on hand to afford paying for PWVG stock (which PTSH already did in my opinion, and my guess is from the revenues generated from the previous Q. in August). One reason for the R/M would be to take one of its operating subsidiaries public. Instead of issuing an IPO, it would be cheaper doing an R/M. Disability Access Consultants (DAC) is the sub generating most of the revs. It would be great to turn it into a publicly traded company. PTSH would still be the parent company with all the revenues generated by Disability Access Consultants going to PTSH. When DAC earns revenues, those revenues would be attributed to PTSH in consolidated financial statements. The other aspect would be to take Glove Box Inc or PTS Card Solutions, Inc public and then issue stock dividends at a ratio of about 2:1 i.e., for every 2 shares of PTSH we own, we get 1 share of the new company after what used to be PWVG. (Since the ratio of PTSH to PWVG is about 2:1). Either way, it is a “win win” situation for me.