PTS, Inc. (OTC.BB:PTSH)

[mickymoose99]

PTS, Inc. (PTSH) to Acquire Majority Control of ThinLine Technology Group
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Companies:PTS Inc..Related Quotes
Symbol Price Change
PTSH.OB 0.0016 +0.0001


{"s" : "ptsh.ob","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00", "o" : "","j" : ""} Press Release Source: PTS, Inc. On Wednesday November 3, 2010, 4:03 pm EDT
ATLANTA, GEORGIA--(Marketwire - 11/03/10) - PTS, Inc. (OTC.BB:PTSH - News) has entered into a Share Exchange Agreement pursuant to which PTSH will acquire 70% of ThinLine Technology Group at the closing. Closing shall occur as soon as PTSH receives satisfactory audited financials from ThinLine, but not later than December 31, 2010.

ThinLine Technology Group () manages, markets and maintains the IT and VOIP infrastructure for small and medium business (SMB market) and provides Private Cable Operators (PCO market) private label billing and call center support. At present, the company services over 21,000 clients on behalf of Private Cable Operators over 400 apartment properties across the United States.

The company consists of three divisions of expertise that provides one-stop solutions for customers' technology needs across a broad spectrum of marketing, support and technology services:

ThinLine IT: providing CTO services and consulting, remote server and desktop support, disaster recovery, hosted exchange, software development, mobile application development and managed IT services.

ThinLine Connect: providing Internet and communications system consulting, business VoIP, hosted PBX technology, web-based CRM tools, and white-label call center support services.

ThinLine Interactive: providing local search marketing, social media marketing consulting, pay-per-click marketing, web hosting, web development and optimization, and mobile (SMS) marketing.

"This acquisition is of significant importance for PTSH. This addition continues the company's mission to reorganize and focus on developing and growing across multiple verticals. We shall continue to pursue our business model of growing our business throughout Technology, Retail and Finance under the company umbrella. This strategy will help diversify income and allow the company to grow utilizing the managed service model," states Marc Pintar, interim CEO.

In other company news and events: In concert with today's merger news, PTS, Inc. will shortly announce its new officers directors and board members, replacing current interim management.

More updates will be provided shortly.

[underdog442]

.PTS, Inc. Announces New CEO & Board Member
PTSH Lands Proprietary Cloud Computer Software Contract


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Symbol Price Change
PTSH.OB 0.0009 -0.0001


{"s" : "ptsh.ob","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00", "o" : "","j" : ""} Press Release Source: PTS, Inc. On Friday November 5, 2010, 4:26 pm EDT
ATLANTA, GEORGIA--(Marketwire - 11/05/10) - PTS, Inc. (OTC.BB:PTSH - News) announced today after the market closed that Raj Kalra has been named Chairman and Chief Executive Officer, effective immediately. Mr. Kalra replaces Teresa Rubio who has served as Chairman and Marc Pintar who has served as PTSH Interim Chief Executive Officer. In addition to his role as CEO, Mr. Kalra will serve on PTSH's Board of Directors.

"Raj Kalra brings the right skill set to lead PTSH as we move forward and commence a focus on restructuring, stabilization, growth and profitability," said Marc Pintar, PTSH Interim CEO. "Raj's leadership skills and extensive experience in mergers and acquisitions, as well as business niches such as technology, retail, energy and financial sectors, make him the right CEO to lead PTSH down its new road to success," added Mr. Pintar.

Raj Kalra is the founder and CEO of ThinLine Technology Group, and brings over a decade of leadership, management skills and experience in the information technology industry. Prior to founding ThinLine, Mr. Kalra spent 20 years in developing and expanding start-up businesses, public corporations and turn-around.

"I'm very pleased to be named the CEO of PTSH," said Raj Kalra. "I am working very hard to bring value to our shareholders. My first order of business is to announce that PTSH, via ThinLine, has been granted a contract to develop and manage the modifications to a certain proprietary cloud computer software solution that ThinLine created based on the client's requirements for an online inventory management system for contracts that they manage for cable operators nationally." Raj Kalra continued, "This system tracks the sales process and contract maintenance between the cable operator and the property owner/investment company. It also tracks revenue sharing that is owed to the property based on right-of-entry agreements or tracking of bulk cable/internet agreements for the units of the property. This is a very meaningful contract for PTSH and shareholders will be advised of any additional developments as they unfold."

"Our Client is the leading provider of MDU services to the largest cable operators in the country, securing thousands of units every month for their clients. The details of this contract will be released shortly, upon satisfaction of all parties," concluded Raj Kalra.

The PTS, Inc. corporate website () has been updated to reflect the new business in PTSH.

More updates will be furnished by the company shortly and frequently.

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