PTS, Inc. Receives Down Payment against $1 Million Letter of Intent for L-F Analyzer Purchases.Business Editors LAS VEGAS--(BUSINESS WIRE)--Feb. 20, 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 ) today announced receipt of the down payment against its $1 Million Letter of Intent for the purchase of one hundred L-F Analyzer devices by a privately-held Singapore-based technology firm. Phillip Flaherty, President of PTS, Inc., said, "This contract demonstrates the viability and commercialization of our technology, and represents a fundamental transition in the status of PTS/ELAST from an R&D shop to a manufacturing and revenue-producing operating company operating company A business that engages in transactions with outsiders. . Our purchaser believes in the demand for and effectiveness of the L-F Analyzer and is backing that belief with hard cash. We anticipate continued growth of the market for these innovative products as word of their usefulness spreads throughout the health care industry, and look forward to keeping you appraised of such future developments." 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., develops 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 which allow monitoring of the reactions 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 changes in that flow during specific activities, stimuli, and treatments. Such measurements allow testing for human allergies and sensitivities with far greater accuracy and at much lower cost than any previous technology or process. PTS, Inc. also has an agreement to acquire 51% of China-based Han Bo. Han Bo is an information exchange technology company, which develops manufactures and distributes software / hardware devices and systems 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 China continues to move from a cash basis transactional system to an electronic debit/credit card basis transactional system, continuing and growing demand for Han Bo's products and services is anticipated. Currently, Han Bo's main products are IT application peripheral products, magnetic bar reading and coding machines, Magnetic Cards, IC Card and SAM card A Security Authentication Module card or SAM card is a smart card in a reduced form factor similar to a Sim card. SAM cards are usually used to hold cryptographic keys inside point of sale terminal units. "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. China's recent accession into the World Trade Organization has greatly liberalized the rules relating to US ownership interests in Chinese companies. PTS intends to use its contacts and experience in this market to identify leading Chinese companies that desire a US presence, and to use its publicly traded status to structure acquisitions and spin-outs in ways that significantly benefit both these companies and PTS shareholders. 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. These forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors. |
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