American Post Tension Hires Barney Stoll to Lead Commercial Business Unit.HENDERSON Henderson. 1 City (1990 pop. 25,945), seat of Henderson co., NW Ky., on the Ohio River, in an oil, coal, tobacco, corn, and livestock area; founded 1797, inc. as a city 1867. , Nev. -- American Post Tension, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : APTI APTI Association for Preservation Technology International APTI Air Pollution Training Institute .OB) hired Mr. Barney barney - In Commonwealth hackish, "barney" is to fred as bar is to foo. That is, people who commonly use "fred" as their first metasyntactic variable will often use "barney" second. The reference is, of course, to Fred Flintstone and Barney Rubble in the Flintstones cartoons. Stoll to lead its recently announced commercial business. Mr. Stoll possesses 34 years of experience in the post tensioning industry. Mr. Stoll's wide ranging post tensioning experience includes troubleshooting Troubleshooting is a form of problem solving. It is the systematic search for the source of a problem so that it can be solved. Troubleshooting is often a process of elimination - eliminating potential causes of a problem. , jobsite assistance and inspection of post tensioning prior to concrete pouring. His career has been focused on establishing commercial post tensioning work throughout the southwestern USA. In order to join APTI, Mr. Stoll leaves a company he founded. That company repaired and retrofit ret·ro·fit v. ret·ro·fit·ted or ret·ro·fit, ret·ro·fit·ting, ret·ro·fits v.tr. 1. To provide (a jet, automobile, computer, or factory, for example) with parts, devices, or equipment not in monostrand post tensioning in new and existing structures. They also installed and repaired barrier cable in parking decks throughout the USA. "I am pleased to add Mr. Stoll to our management team," said Edward Hohman, President of APTI. "His experience in the post tensioning industry is a perfect match for us as we launch our new commercial business. I have every expectation that he will make this endeavor a success and an integral part of our growth. There are over $10 billion in high rise construction contracts announced for the Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. area and we are positioned to supply our materials to them." Mr. Stoll added, "I am pleased to join American Post Tension, and look forward to helping the Company take advantage of the many commercial construction opportunities that have presented themselves. They are the most experienced post tension company in Las Vegas." About American Post Tension American Post Tension, Inc. (APTI) is a holding company containing the newly formed commercial division and owns 100% of Post Tension of Nevada (PTNV), a Henderson, Nevada Henderson is a city in Clark County, Nevada, United States, seven miles southeast of Las Vegas. As of the 2000 census, the city had a total population of 175,381, with a 2006 Census estimate placing the population at 240,614. company that supplies post tensioning to the residential building industry. APTI provides post tension components and systems that reinforce concrete construction for "slab-on-grade" floors for residential and suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. floors for commercial buildings in the western USA. Management believes that its 20-year-old subsidiary, PTNV, is one of the largest domestically owned post tension companies. Its commercial division will supply a nationwide market with its full line of post tensioning products. Post tensioning is a superior method of creating high-strength concrete floors that require less concrete, making a superior engineered flooring product for the residential and commercial building industries. For residential use, it solves the problem of shifting soils making for fewer warranty problems. For commercial use, these highly engineered floors reduce weight, while adding maximum strength. NOTE: On September 25, 2007, the public entity changed its name from Magic Communication to American Post Tension, Inc. to reflect the nature of its business. Legal Note Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Any statements made in this press release that are not statements of historical facts may constitute "forward-looking statements," including those concerning the Company's goals, plans, assumptions or expectations relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company, future acquisitions or development of products and services, and the future growth, earnings or profitability of the Company. Forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ including, but not limited to, the pace of residential construction in our geographic markets, uncertainties concerning the availability of funds to complete acquisitions, changes in mortgage interest rates, availability and prices of raw materials and supplies, our ability to locate, acquire, pay for, and integrate other businesses that complement ours, our ability to expand our business into the commercial construction field, our ability to attract and retain qualified personnel if and as our business grows, and risks associated with our stock being classified as a "penny stock Penny Stock A stock that sells for less than $1 a share but may also rise to as much as $10/share as a result of heavy promotion. All penny stocks are traded OTC or on the pink sheets. Notes: Penny stocks are highly speculative and risky. ." There may be other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission; which are available for review at www.sec.gov under "Search for Company Filings." Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by the Company in its public securities filings; actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. |
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