PTSH!!!! ....final stage Letter of intent/joint venture or acquisition....
Subsequent to the quarter ended March 31, 2008, the Company formed a new subsidiary, PTS Group Limited, a Hong Kong, China Company and intends on assigning the Glove Box ™ to this new entity. As of the date of this report, the Company is in the final stage of executing a letter of intent to acquire a medical equipment company through either a joint venture or acquisition. It is the Company’s objective that the acquired medical equipment company will be utilized to develop and market the Glove Box ™ in conjunction with their existing medical equipment and product lines.