PTS, Inc Completes Transaction to Acquire Matcjedje Motors, Limited
LOS ANGELES--(BUSINESS WIRE)--PTS, Inc. (the "Company") (OTC Pink: PTSH) announced today that it has completed an agreement with Matchedje Motors, Limited of the Provincia do Maputo, Africa to acquire it as a subsidiary of PTS, Inc and supply an initial investment of US$1,000,000 to Matchedje Motors through a loan agreement and promissory note. "This agreement gives us an initial investment in a growing market place with a lot of potential," stated Lowell Holden, President and CEO of PTS. "We feel it is the beginning of a long term relationship in a rapid growing market space.”
“We feel it is the beginning of a long term relationship in a rapid growing market space.”
About PTS: PTS, Inc. is a company which recently divested its former operations and is seeking to invest in projects that can be identified as growing sectors of the worldwide economy. The administrative office is in Los Angeles, CA.
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PTS, Inc. Lowell Holden, CEO