Company Aims to Preserve Shares
LAS VEGAS, June 17 /PRNewswire-FirstCall/ - PTS, Inc.
(PTSH.OB) today announces that it has amended an existing Employee
Stock Incentive Plan to help reduce further dilution of the
company's shares.
In March 2005 PTSH filed an
Employee Stock Incentive Plan, registering 1,300,000,000 shares.
January 2010 PTSH amended the plan to
include the definition of independent contractor. Today PTSH makes
a bold stand and amends the number of shares registered under the
plan to only 679,650 shares; the amount already issued since 2005.
No further shares will be issued under the current plan.
"The amendment, today, to our Employee Stock Incentive Plan
speaks volumes as to our focus moving forward. PTSH is cognate of
its share structure and believes our share price is far too low to
be offering any type of Incentive Plan. PTSH will no longer be
utilizing the current Employee Stock Incentive Plan and no further
shares will be issued under the Plan. There is a time and place to
offer incentives and at the moment PTSH is focusing on several
merger opportunities," stated Interim President and CEO
Marc Pintar.
The company reminds its shareholders and followers to monitor
PinkSheets.com Filing section and also our IR company web site
section "PRESS RELEASES AND FILINGS" TAB
http://www.minamargroup.net/ for non newsworthy corporate
updates.
For any matters relating to retail investor queries or to send
the company or its IR a message please click on the "INVESTOR
SUPPORT" TAB, or the direct link
http://www.minamargroup.net/helpdesk. In this regard, Mina Mar
Group works diligently to answer and address all the pressing
issues regarding its clients to the shareholders' satisfaction. MMG
is in constant contact with the companies, addressing, obtaining
and processing all inquiries. Depending on the location of the
issuer it may take up to several days, depending on the company's
location and management's availability to address these pressing
issues. MMG is often one of the advisors or IR companies utilized
by the issuer. In a normal course of business and a pending
transaction the issuer may opt to remain silent in order not to
lose advantage to a competitor. MMG is mindful that sometimes
shareholders want answers now, which for above reasons cannot be
fulfilled on a timely basis.
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company is mindful that short sellers, the company competitors and
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criminal and civil actions the US authorities are taking against
web sites and the remedies available to you as an individual
investor. Discover for yourself why and how USA based small businesses and the backbone of
the economy suffer. Stay informed and do not allow entrepreneurs
dreams, innovations, and their access to capital to be thwarted as
"scalpers" and day traders vigorously day in and day out try to
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Safe Harbor Statement Information in this news release may
contain statements about future expectations, plans, prospects or
performance of PTS, Inc. that constitute forward-looking statements
for purposes of the Safe Harbor Provisions under the Private
Securities Litigation Reform Act of 1995. The words or phrases "can
be", "expects", "may affect", "believed", "estimate", "project" and
similar words and phrases are intended to identify such
forward-looking statements. PTS, Inc. cautions you that any
forward-looking information provided by or on behalf of PTS, Inc.
is not a guarantee of future performance. None of the information
in this press release constitutes or is intended as an offer to
sell securities or investment advice of any kind. PTS, Inc.'s
actual results may differ materially from those anticipated in such
forward-looking statements as a result of various important
factors, some of which are beyond PTS, Inc.'s control. In addition
to those discussed in PTS, Inc.'s press releases, public filings,
and statements by PTS, Inc.'s management, including, but not
limited to, PTS, Inc.'s estimate of the sufficiency of its existing
capital resources, PTS, Inc.'s ability to raise additional capital
to fund future operations, PTS, Inc.'s ability to repay its
existing indebtedness, the uncertainties involved in estimating
market opportunities, and in identifying contracts which match PTS,
Inc.'s capability to be awarded contracts. All such forward-looking
statements are current only as of the date on which such statements
were made. PTS, Inc. does not undertake any obligation to publicly
update any forward-looking statement to reflect events or
circumstances after the date on which any such statement is made or
to reflect the occurrence of unanticipated events.
CONTACT: For any investor relations matters, please contact
www.minamargroup.net/helpdesk; Investor Relations Department
Inquiry, www.minamargroup.net (IR); For (M&A) and Corporate
Matters, www.minamargroup.com
SOURCE PTS, Inc.