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[posting]34225521[/posting] PTS, Inc. Announces the Draft Completion of the Letter of Intent with ChengDu PuJian Medical Equipment Manufacturing Co., Ltd 2008-06-02 09:45 ET - News Release LAS VEGAS -- (Business Wire) PTS, Inc. (OTCBB:PTSH) management is pleased to announce that they have completed a LOI (Letter of Intent) draft with Mr. Wang, majority shareholder of ChengDu PuJian Medical Equipment Manufacturing Co., Ltd., (the “Company”) a corporation organized under the laws of China. This Letter of Intent will confirm the intent of the Parties to pursue a 51% controlling shares exchange or purchase of the ChengDu PuJian Medical Equipment Manufacturing Co., Ltd. and PTSH. This intended sale and/or exchange of shares shall hereafter be referred to as the “acquire majority control.” Both parties shall endeavor to complete the transaction no later than October 31, 2008 and the Closing is subject to the completion of a successful audit by an approved PACOB certified public auditor of the ChengDu PuJian Medical Equipment Manufacturing Co., Ltd. books and records for 2006 & 2007. PTS, Inc. intends to bring in technical support to upgrade PuJian’s current products as well to bring in more range of medical products and technologies to PuJian and sell through the well established sales network that PuJian has established in the last several decades. Further, PTS, Inc. intends to bring addition capital to increase the overall revenue and financial positions of PuJian. Peter Chin, the President and CEO of PTS, Inc., has a scheduled itinerary for the signing ceremony, to take place the second week of June, in ChengDu, due to the request of the ChengDu PuJian Medical Equipment Manufacturing Co., Ltd. management. There are six original copies required for these documents, which will be signed at that time. Peter Chin, the President and CEO of PTS, Inc., stated, “I am delighted to be making this trip to China, which will give me the opportunity to become well acquainted with the management team of the ChengDu PuJian company, and I am looking forward to the potential that this new relationship will afford and bring to PTS, Inc. once we have closed the transaction.” 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. Contacts: PTS, Inc. Patrick Donahoo, 702-327-7266 ptsinc.ir@gmail.com |
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| aus der Diskussion: | PTSH: Merger im Anmarsch ???????????????? |
| Autor (Datum des Eintrages): | Mick1968 (03.06.08 12:39:44) |
| Beitrag: | 2 von 6 (ID:34225531) |
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