HENDERSON, NEVADA--(Marketwire - Oct. 19, 2012) - PTS Inc. (PINKSHEETS:PTSH) (the "Company") www.ptspi.com is pleased to announce the finalization of its merger with United Waste and Energy Inc. (UWE), an Ohio based entity. With the finalization of the merger, PTSH intends to appoint new officers and directors. Over this coming weekend, the Company intends to update its corporate website www.ptspi.com. The Company also intends to resume its subscription to OTC Markets and commence filings of its financial statements, officers and directors CV's and other relevant information. Although PTSH over the past endured several reverse splits, no such action is planned by the current management. Moreover, no additional common shares were issued in this merger. The merger was completed via complex preferred shares collateralization with financial assistance of an accredited investor. The Company has created a corporate introduction PowerPoint, including its financials which can be viewed on this link: www.tinyurl.com/9djre6t, to aid, assist and acquaint the Company followers and shareholders with PTSH new business model and direction.
The new business direction PTSH has chosen to take stems from circumstances beyond its control. PTSH current operation subsidiary Navistar Global Logistics (UK) Ltd has filed for bankruptcy protection in UK. Notice: 1652641 (Issue: 60242) August 17,2012 Page number: 15907. See this link for details: www.london-gazette.co.uk/issues/60242/notices/1652641. Save and except the write-down which PTSH undertook on the Navistar asset(s) and as outlined in PTSH current financials www.tinyurl.com/9autd5l (PTSH financials). The UK bankruptcy of Navistar does not affect the future or the day to day operations of PTSH in any shape or form whatsoever.
More updates will follow shortly.
Safe Harbor Statement
Information in this release may contain statements about future expectations, plans, prospects or performance of PTS Inc. (PINKSHEETS:PTSH) that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. PTS Inc. (PINKSHEETS:PTSH) cautions you that any forward-looking information provided by or on behalf of PTS Inc. (PINKSHEETS:PTSH) is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. PTS Inc. (PINKSHEETS:PTSH)'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond PTS Inc. (PINKSHEETS:PTSH)'s control. In addition to those discussed in PTS Inc. (PINKSHEETS:PTSH)'s press releases, public filings, and statements by PTS Inc. (PINKSHEETS:PTSH)'s management, including, but not limited to, PTS Inc. (PINKSHEETS:PTSH)'s estimate of the sufficiency of its existing capital resources, PTS Inc. (PINKSHEETS:PTSH)'s ability to raise additional capital to fund future operations, PTS Inc. (PINKSHEETS:PTSH)'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match PTS Inc. (PINKSHEETS:PTSH)'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. PTS Inc. (PINKSHEETS:PTSH) does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.