SOURCE: PTA Holdings Inc.

PTA Holdings Inc.

November 16, 2011 08:53 ET

PTA Holdings, Inc. Develops New Diesel Fuel Additive System

CLEVELAND, GA--(Marketwire - Nov 16, 2011) - PTA Holdings, Inc. (PINKSHEETS: PTAH) announced today that its wholly owned subsidiary ProFlow, Inc. has developed a new diesel fuel additive tank system.

"Since 2007 the U.S. EPA has reduced the amount of sulfur used in diesel fuel which has worried fleet owners of potential damage to older diesel engines. Sulfur is the lubrication for the injectors, valves, and injector pumps. Our system helps the trucking industry keep an additive in the fuel tanks with confidence that the additive will be in the tanks as desired," stated Ted Leverette, CEO of PTA Holdings, Inc.

According to industry studies, demand for specialty fuel additives in the US is forecast to increase annually to $1.2 billion in 2012. Diesel additives are expected to see the fastest growth in volume terms, albeit from a relatively small base, because of the expanding use of ultra low sulfur diesel as well as regulations requiring the use of biodiesel.

About PTA Holdings, Inc.:

PTA Holdings, Inc. ("PTA") is a diversified holding company. The Company acquired ProFlow, Inc. in April 2007. ProFlow, Inc. is a Georgia based Automotive Service Center that specializes in the development of special oils for domestic, foreign and diesel engines. 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. Additional information can be found on the company's website:

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.
    Ted Leverette