SOURCE: PTA Holdings, Inc.

May 30, 2007 07:30 ET

PTA Holdings, Inc. Acquires V-Flow Fuel Maximizer, Inc.; V-Flow Introduces a Revolutionary Hydrogen Fuel Saving System to Increase Gas Mileage by up to 50% for the Automotive and Truck Industry

CLEVELAND, GA--(Marketwire - May 30, 2007) - PTA Holdings, Inc. (PINKSHEETS: PTAH) announced today that its ProFlow subsidiary has acquired V-Flow Fuel Maximizer, Inc. and its proprietary patent-pending state-of-the-art Hydrogen/Oxygen Generating Component for increasing internal combustion engines fuel efficiency (averaging 40 to 55% plus increase) for the automotive and trucking industry. ProFlow is a Georgia-based multi-location Automotive Service Center that specializes in the repair and maintenance of domestic, foreign and diesel cars and trucks. ProFlow launched this new division to round out the services that it provides to its customer base. PTA Holdings, Inc. issued three million restricted shares of common stock in connection with the acquisition. PTA Holdings, Inc. (PINKSHEETS: PTAH) is a publicly traded holding company that is primarily engaged in the automotive, travel industry, real estate, and interactive transaction-based kiosks.

The V-Flow Fuel Maximizer has a significant head start on the hydrogen industry. Victor Navarro, the founder of V-Flow commented, "We feel that most autos of the future will run on strictly hydrogen, but we have the niche for retrofitting all existing fuel burning vehicles on the road today."

The exhaust created from The V-Flow Fuel Maximizer component itself happens to be virtually pure oxygen, thus creating a cleaner environment. By harnessing the great power of water we will extend our fuel resources much further into the future.

ProFlow, since inception has been led by a NASCAR Winston Cup Winning experienced management team. ProFlow has been developing and designing procedures for the automobile industry that can have a dramatic effect on fuel consumption. ProFlow hired Mr. Victor Navarro to lead the ProFlow Paint Systems™ division. Mr. Navarro has over 30 years of experience in operating successful show quality automotive collision and paint facilities. Mr. Navarro's expertise is widely regarded and he has overseen the restoration of antique, super luxury and show cars from car enthusiasts and celebrities nationwide.

About PTA Holdings, Inc.:

PTA Holdings, Inc. ("PTA") is a diversified holding company with a core focus in the automotive industry. The Company acquired ProFlow, Inc. in April 2007. ProFlow, Inc., a Georgia-based multi-location Automotive Service Center that specializes in the repair and maintenance of domestic, foreign and diesel cars. ProFlow, since inception has been led by a NASCAR Winston Cup-winning, experienced management team. ProFlow has developed and designed fuel saving processes, for the automobile industry that can have a dramatic effect on fuel consumption. ProFlow is aggressively approaching successful future technologies for fuel mileage in the complete automotive and Diesel industry.

Using the economic capital and strength from becoming a public company, the Company intends to grow its ProFlow division into an industry leader. The Company is embarking upon an "Acquisition and Roll Up" strategy in order to take advantage of the fractious business landscape currently existing within the automotive repair and fuel service centers. Management maintains that as a public entity, it is ideally positioned to initiate a "roll up" of these centers which it anticipates will dramatically increase the Company's revenues and net income. A secondary benefit of acquiring independent automotive repair centers is the ability to cross-sell complementary products and services into those distribution channels with direct purchaser contact.

About ProFlow, Inc.:

ProFlow specializes in full service automotive/truck repair with an emphasis on fuel systems. ProFlow was founded by a veteran of the NASCAR automotive racing circuit. Presently, ProFlow operates two automotive centers and has plans to open additional corporate owned centers and franchises in the future with a short term goal of 10 locations in the southeast. The fuel savings technology was developed by the company's founder over the last decade including significant NASCAR-winning experience.

Forward-Looking Statements

This news release contains forward-looking statements about our business, or financial condition and prospects that reflect our assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks and circumstances that we are unable to predict. When used in this news release, words such as "believes," "expects," "intends," "plans," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain forward-looking statements not accompanied by such expressions. All forward-looking statements are intended to be covered by the safe harbor created by Section 21E of the Securities Exchange Act of 1934.

Contact Information

  • Contact:

    PTA Holdings, Inc.
    Nathan Nowak
    Investor Relations
    (604) 288-2768