PTS, Inc. Announces Initial 10 Unit Equipment Order for $100,000 With Option On Additional 90 Units.Business Editors LAS VEGAS--(BUSINESS WIRE)--Feb. 13, 2002 PTS PTS put to sleep; a common euphemism for euthanasia, but also used to describe general anesthesia. , Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PTSO PTSO Parent-Teacher-Student Organization PTSO Personnel Transaction Summary By Originator ) announced today it has received an initial order from a Singapore-based privately owned technology firm for ten (10) of the company's L-F Analyzer devices. The value of the contract is $100,000. The purchaser has an option from the company for an additional ninety (90) units, subject to satisfaction of the initial sale. Phillip Flaherty, President of PTS, Inc., stated, "We are very pleased to receive this order, as it represents the start of our transitioning from a research and development company, to a revenue-producing entity, as we begin commercialization of our technology." About PTS, Inc. ELAST Technologies, the operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of PTS, Inc., based in 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. , is developing highly sensitive Adj. 1. highly sensitive - readily affected by various agents; "a highly sensitive explosive is easily exploded by a shock"; "a sensitive colloid is readily coagulated" measuring devices This is an incomplete list of measuring devices. word Measures accelerometer acceleration actinometer heating power of sunlight alcoholometer alcoholic strength of liquids altimeter altitude ammeter electric current, amperage intended to measure and monitor the reaction of the human body to various stimuli, and treatments. The L-F Analyzer measures and monitors the human body's self generated electric flow and how the flow changes during certain activities, stimuli, and/or treatments. The proprietary ELAST(TM) Device is being developed to test for all human allergies and sensitivities with far increased accuracy, and at much lower cost, than any previous technology or process. PTS, Inc. has an agreement to acquire 51% of China-based Han Bo. Han Bo is an information exchange technology company, which develops manufactures and distributes various software and hardware devices, which are used in a range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and security systems. As the economy in China continues to move from a cash basis transactional system to an electronic debit/credit card basis transactional system there should be a continuing and growing demand for Han Bo's products and services. Currently, the main products of Han Bo are: IT application peripheral products, magnetic bar reading and coding machines, Magnetic Cards, IC Card and SAM card "3-in-1" machines, IC Card bank terminals, and bank teller terminals. The largest bank system in China, the Chinese Industrial and Commercial Bank, has purchased a significant amount of products from Han Bo and has represented over 50% of Han Bo's recent sales. With China's recent accession into the World Trade Organization, PTS will be continually searching and identifying qualified companies that may be suitable acquisition candidates for PTS, Inc. so as to improve shareholder value and market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of the company. For more information about PTS, Inc., please visit the company's website: www.ptsoonline.com. This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors. Investors should consult the Corporation's ongoing quarterly filings, annual reports and SEC filings for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. |
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