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PTS Inc. Reports First Six Months 2006 Results; Revenues up 403% Compared to First Six Months 2005
Business Wire via COMTEX
Aug 16, 2006 9:00:30 AM
LAS VEGAS, Aug 16, 2006 (BUSINESS WIRE) --
PTS Inc. (OTCBB:PTSH) announced today that total net sales and revenues were $345,698 for the six months ended June 30, 2006. This compares to $68,629 for the prior comparative period, representing a 403% increase. The increased results come from the inclusion of revenue from Disability Access Consultants (DAC), which was acquired in late 2005. During the six months ended June 30, 2006, the company experienced a net loss of $0.01 per share compared to a net loss of $0.43 per share for the same period in 2005.
About PTS Inc.
PTS Inc.'s subsidiary, Glove Box Inc. (www.ptspi.com), owns the rights to the patented, revolutionary Glove Box(TM), the only product that offers contamination reduction through automated glove dispensing. The Glove Box(TM) system is a free-standing dispenser of disposable latex gloves, which is being marketed by PTS in the United States and Asia.
Another subsidiary of PTS Inc. is Disability Access Consultants (DAC). More than 54 million people in the United States have a disability, a number equal to 20% of the population. The Americans with Disabilities Act of 1990 requires all organizational entities, public or private, with more than 15 employees, to provide equal access for individuals with disabilities. It is estimated that there are more than seven million sites at risk across the United States. For more information about DAC, visit: www.adaconsultants.com.
PTS Card Solutions Inc. (OTC:PTCD) is a partially owned and controlled subsidiary of PTS Inc. PTS Inc. recently assigned all of its interests in Global Links Card Services to this newly acquired subsidiary, PTS Card Solutions Inc. Global Links Card Services Inc. markets its FastMax Prepaid Debit Card through various agents and distributors.
Safe Harbor Statement Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this news release are forward-looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted results.
SOURCE: PTS Inc.
PTS Inc., Las Vegas Peter Chin, 702-327-7266 E-mail: psc3388*yahoo.com
Copyright Business Wire 2006
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PTS Inc. Acquires Controlling Interest in Power-Save Energy Corp.
LAS VEGAS, Sep 14, 2006 (BUSINESS WIRE) -- PTS Inc. (OTCBB: PTSH) management today announced the acquisition of a controlling equity interest in Power-Save Energy Corp. (Pink Sheets: PWVG). Peter Chin, CEO of PTS Inc., stated, "Our plan is to find ways to increase PTS Inc. shareholders value by reverse merge PWVG with one of PTS\\'s subsidiaries. The plan will be announced on or about the middle of October 2006."
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