Thursday, November 07, 2013 4:23:51 PM
Please update shareholders in 3RD Q 2013 report on any material contracts, Broker Agent contracts, as Nortford LLP has no broker authority ,
The Brokerage agreement with RT&T Logistics was not reported in company filings, but was only revealed when the company website was modified "updated" awhile back.
In November of 2012 NortFord signed an Agent Agreement with RT&T Logistics to perform freight services that enabled them to begin a transportation brokerage division. The business model allowed NortFord to grow without limiting cash flow constraints that most startups experience and their brokerage operation is expected to provide a major revenue and profit contribution for the year ending 2013. Their agreement with RT&T provides that RT&T will handle "back-office" functions including all customer billings and payments to carriers, paying commissions to NortFord and on a quick turn-a-round basis after receiving the carrier documentation for shipments handled. Since starting operations, each month NortFord has received a Volume Incentive Bonus for achieving sales quotas directly on Hwy 18, a major East/West truck route that will provide great visibility.
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Mr. Timothy Norton, V.P. stated "We have seen continuing revenue increases for our trucking and brokerage operations during our 3 quarter tracking closely to that of our 2 quarter"
http://finance.yahoo.com/news/pta-holdings-inc-issues-showing-122700536.html
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