PTS, Inc. Announces Name Change of Subsidiary to ''PTS Global Capital'' and Names Gaming Executive Phillip Flaherty as President
LAS VEGAS--(BUSINESS WIRE)--July 28, 2006--
PTS, Inc. (OTCBB: PTSH) announced today that they have changed the name of a wholly owned subsidiary, PTS Products International, Inc., to PTS Global Capital, Inc. (PGCI).
Mr. Phillip Flaherty has been named President of PTS Global Capital, Inc. and assumes duties effective immediately. Mr. Flaherty most recently served as president of Barrick Gaming, Inc., based in Las Vegas, and since 2005 has been serving as a consultant to PTS, Inc. Prior to his duties at Barrick, he was president and managing director of Sheraton's Desert Inn Resort and Casino in Las Vegas, and before that had held various positions within the Summa Corp.
Additionally, Mr. Flaherty has provided domestic and international consulting services to small and large gaming companies. Active in the gaming community, he served as a board member of the Nevada Resort Association as well as chair of both the NRA's Legislative Committee and Currency Reporting Regulations Committee. He was also a board member of Las Vegas Events, Inc. and is a University of Nevada Las Vegas graduate.
PTS Global Capital's primary business will be to specialize in the Asian markets, with a strong focus towards M&A (merger and acquisition) interests as well as companies desiring to go public.
"We are excited about establishing this new business," stated Peter Chin, CEO of PTS, Inc. "Having the strong resume and expertise of Phillip Flaherty to spearhead PGCI's business model should advance the Company's opportunities going forward, especially given Phillip's vast gaming industry experience where he has frequently dealt with Asian business people." Chin noted that it will be PGCI's desire to have their first acquisition take place by the first quarter, 2007.
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 U.S. 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 7 million sites at risk across the U.S.
For more information about DAC, please 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.
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