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Die News des Tages ist der lang ersehnte Anlass einen neuen Threas zu eröffnen. Auf gute Zeiten und einen kreativen Austausch! PTS, Inc. Announces Formation of Hong Kong Subsidiary, PTS GROUP LIMITED Move is Part of Strategy Moving Glove Box Inc. Forward PTS, Inc. (OTCBB:PTSH) management announced that they have formed a new subsidiary company in Hong Kong, China. The new company is PTS GROUP LIMITED (Hong Kong) with registration number 39196189000. PTS will be assigning Glove Box™ Inc. into this Hong Kong subsidiary as a subsidiary, and management is in the final stage of negotiation for an LOI (Letter of Intent) on either a JV (Joint Venture) or an acquisition of a medical equipment company. The objective of this proposed business enterprise would be for the Chinese medical equipment company to further develop and market the Glove Box™ in conjunction with their existing medical equipment product lines. PTS is sending a management team to complete this proposed transaction in the month of May 2008. The new company, PTS GROUP LIMITED (Hong Kong), will be regulated in accordance with the Hong Kong Companies Ordinance (Chapter 32). As a wholly owned subsidiary of PTS, Inc., all activities will be compliant with the rules and regulations of the U.S. Securities Exchange Commission. There will be a commonality of the Board of Directors and management. As referenced above, the new Hong Kong subsidiary will actively engage in completing M&A (merger & acquisition) opportunities with one or more private China companies. These private companies will benefit from the expertise of PTS, Inc. relative to the U.S. public financial markets. Peter Chin, the President and CEO of PTS, Inc., stated, “My recent trip earlier this month to China allowed me to meet with the management team of the medical equipment company, and they were very enthusiastic with the potential the Glove Box™ affords.” During the same trip, Mr. Chin visited ShanXi, China and also met with government officials to present DAC’s DACTRAK proprietary software for the possibilities in their mining inspection process. The discussions were on the company’s DACTRAK software and the results of the presentation are that it would need to conform to certain needs such as the language formats and data. Due to these needs specified, further evaluations will be needed for both parties. About PTS, Inc. PTS, Inc.'s subsidiary, Glove Box, Inc. (www.ptspi.com), owns the rights to patented, revolutionary Glove Box™, the only product that offers contamination reduction through automated glove dispensing. The Glove Box™ system is a free-standing dispenser of disposable latex gloves. About Disability Access Consultants, Inc. Disability Access Consultants, Inc. (DAC) conducts facility inspections, policy reviews and program analyses in addition to comprehensive continuums of other compliance services. Over 54 million people in the United States have a disability, a number equal to 20% of the population. The 1990 Americans with Disabilities Act requires all organizational entities, public or private, with 15+ employees, to provide equal access for individuals with disabilities. It is estimated that there are over seven million sites at risk across the US. www.adaconsultants.com. As provided in the 1995 Private Securities Litigation Reform Act, words "believes", "expects", "forecasts", "anticipates" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking; risk factors are set forth from time to time in the Company's SEC reports, included but not limited to its Form 10-KSB; its quarterly Forms 10-QSB, and Form 8-K’s. PTS, Inc. Patrick Donahoo, 702-327-7266 ptsinc.ir@gmail.com |
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| Autor (Datum des Eintrages): | Kirschholz (30.04.08 15:31:24) |
| Beitrag: | 1 von 45,375 (ID:34002727) |
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