PTA Holdings Unveils Breakthrough Motor Oil Product; 30% Fuel Savings Counters Record High Oil Prices
Jun 09, 2008 (MARKET WIRE via COMTEX) -- PTA Holdings, Inc. (PINKSHEETS: PTAH) announced today that its ProFlow subsidiary unveiled a breakthrough motor oil that it has branded "ProFlow." This motor oil product consists of a premium blend of synthetic motor oils with proprietary additives that significantly reduce friction in piston fired cylinders, thereby creating fuel savings of up to 30%. The product has been tested on a wide array of automobiles, trucks and machinery with consistent performance results. Ted Leverette, President, declared, "Our new product arrives after years of development. This simple yet elegant formulation can be utilized in all vehicles by simply changing the regular oil for ProFlow Oil and Lube." Leverette continued, "Our mandate is to stimulate fuel savings for all cars and trucks and lessen our reliance on foreign oil. Our technology was developed in the US and proudly states, 'Made in America.'"
"Our ProFlow Product and our other Proprietary Fuel Systems can help every American household save thousands of dollars on the price of gasoline every year just by installing our proprietary and safe device." Leverette continued, "The Company anticipates a broader commercial rollout in the third and fourth quarter of 2008 as we have successfully proven the efficacy of our technology."
Corporate Profile Symbol – OTC Pink Sheets: PTAH
Trading Venue – OTC Pink Sheets
Transfer Agent – Manhattan Transfer Registrar & Co.,
Corporation Formed under the Laws of the State of Delaware on February 16, 2000 and re-incorporated in Nevada on November 3, 2005
Authorized Common Stock -- 300,000,000 par value (.0001)
Class A - 260,000,000
Class B - 40,000,000
Shares Issued and Outstanding -- 72,793,450 as of December 31, 2006
PTA Holdings Launches Asian Division; PTA Names Veteran Asian Business Leader to Lead Its Asian Operations
CLEVELAND, GA, Sep 26, 2008 (MARKET WIRE via COMTEX) -- PTA Holdings, Inc. (PINKSHEETS: PTAH) announced today that it is launching an Asian Pacific Division. The Company also announced that it has named Tony ("Myong") S. Shin as its President. Mr. Shin is a recognized Asian business leader with a proven track record both in the United States and throughout Asia. Mr. Shin received his MBA in the United States in 1973 and currently is Chairman of IMRS/GHC Group which maintains offices in both Michigan and South Korea. Mr. Shin expressed, "I am delighted to join PTA Holdings in the capacity of President of its Asia Pacific division. I am also extremely pleased to address the high fuel costs that are currently strangling the truck fleets throughout Asia and the Pacific Rim. PTA's technologies will provide a tremendous resource to help rein in fuel costs in these markets."
Ted Leverette, President of PTA, declared, "We are very excited about Tony joining our team and we look forward to marketing our products throughout the Pacific Rim." Leverette continued, "While our mandate is to stimulate fuel savings for all cars and trucks and lessen our reliance on foreign oil, there are numerous large markets outside the United States that can benefit from our technologies."
PTA's core motor oil product consists of a premium blend of synthetic and Paraffin-based motor oils with proprietary additives that significantly reduce friction in piston-fired cylinders, thereby creating fuel savings of up to 30%. The product has been tested on a wide array of automobiles, trucks and machinery with consistent performance results.
About PTA Holdings, Inc.:
PTA Holdings, Inc. ("PTA") is a diversified holding company with a core focus in the automotive industry. The Company acquired ProFlow, Inc. in April 2007. ProFlow, Inc. is a Georgia based Automotive Service Center that specializes in the repair and maintenance of domestic, foreign and diesel cars. ProFlow, since inception, has been led by a NASCAR Winston Cup-Winning experienced management team. ProFlow has developed and designed fuel saving processes, for the automobile industry that can have a dramatic effect on fuel consumption. ProFlow is aggressively approaching successful future technologies for fuel mileage in the complete automotive and Diesel industry. Additional information can be found on the company's website: www.ptaholdings.com.
ProFlow specializes in full service automotive & truck repair with an emphasis on Oils and Lubricants. ProFlow was founded by a veteran of the NASCAR automotive racing circuit. Presently, ProFlow operates two automotive centers and has plans to open additional corporate owned centers and franchises in the future with a short-term goal of 10 locations in the southeast. The fuel savings formula and related technology were developed by the company's founder and team.
This news release contains forward-looking statements about our business, or financial condition and prospects that reflect our assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks and circumstances that we are unable to predict. When used in this news release, words such as "believes," "expects," "intends," "plans," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain forward-looking statements not accompanied by such expressions. All forward-looking statements are intended to be covered by the safe harbor created by Section 21E of the Securities Exchange Act of 1934.