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Monday, October 14, 2013 5:05:27 PM
The Company acquired ProFlow, Inc. in April 2007. Kingsley Logistics Group, acquired in June of 2012. , The
Agreement between Kingsley Consulting Corporation (KCC) and Ted Leverette II requires that KCC merge its
Kingsley Logistic Group into PTAH, and Leverette would exchange the assets of ProFlow and its liabilities, and
surrender 51 million shares of common stock to the Company. The accounting for this transaction is reflected
herein, giving effect that ProFlo was eliminated from PTAH, as of 9/30/2012. ProFlo has become a private
company, and the transaction will be completed by the 2nd
quarter of 2013. The transaction eliminates the operating
losses and debt of ProFlow, as of 9/30/2012, which assets and liabilities are assumed by Leverette. ProFlo has not
been profitable for several years.
This will be reflected in the black and white coming soon!
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