LOS ANGELES--(BUSINESS WIRE)--PTS, Inc, (the "Company") (OTC Pink: PTSH) announced today that it has entered into discussion to acquire Key Ideas, HK Ltd., a privately held company. Under the terms of the agreement, the Company will acquire the subsidiary for an undisclosed amount of stock.
"We are pleased with interest in entering such an agreement," stated Lowell Holden, President and CEO of PTS. "Once we finalize our agreement and acquisition, the Company will assist in providing the required business and financial backing to grow the acquisition."
"The pending agreement will provide us with the added resources to expand our business and operations," stated David Whitaker Founder and CEO of Key Ideas HK Ltd.
About PTS: PTS, Inc. is a company which recently divested its former operations and is seeking to invest in energy related projects including waste to energy, geothermal collection fields, natural gas and petroleum production. The administrative office is in Los Angeles, CA.
About Key Ideas HK Limited: Key Ideas HK Ltd (KIHK) has been created as an investment vehicle to source, manage and direct specific high growth technology investments. KIHK currently manages a portfolio of companies and products, which have been specifically chosen or designed to form part of a growing and symbiotic ecosystem.
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