PTS, Inc.
PINK SHEETS : PTSHD

April 14, 2011 15:32 ET

PTS, Inc. (PTSHD) Pending Mergers And General Corporate Update

TORONTO, ONTARIO--(Marketwire - April 14, 2011) - PTS, Inc. (PINK SHEETS:PTSHD) (www.ptspi.com) is providing this update to its shareholders and followers regarding previously announced pending mergers and various other business matters.

Following PTS, Inc. (PTSH) following a recent stock reversal the company has been searching for a suitable operating candidate for several months. The company is pleased to provide the following update to its shareholders and followers.

PTSH recently announced that it's in the final stages of finalizing a merger with a California based health care company. This transaction is proceeding smoothly and should and could be finalized at any time This is a solid well operated merger candidate company and by all accounts a great candidate for PTSH.

During the due diligence stage PTS, Inc. has, in the meantime, received other merger proposals from other candidates that may offer PTSH and its followers better options in the long term. Management of PTSH is mindful that it has the fiduciary duty to its shareholders to explore each and every opportunity before making its final decision. In abundance of caution, PTSH is taking these extra cautionary steps and believes that the extra time that this merger is taking to consummate will be well worth the wait.

For example, one of the candidates that PTS, Inc. was strongly considering is a New Delhi, India-based pill capsule manufacturing company. PTSH management and its agents spent a considerable amount of time researching and evaluating this merger candidate and, in the final stages before documents were signed, the company engaged the services of OTCVerify for the final review. OTCVerify discovered certain events or overhang on this Indian company, which could have been detrimental to PTS Inc., and its shareholders in the future. PTSH has since terminated the merger discussions with the Indian company and has now resumed looking at other suitable candidates.

PTSH and its ad visors are mindful that many PTSH shareholders entry point is much greater than PTSH current share price, and to that end PTSH is seeking a solid and a steady candidate with a potential of providing PTSH with hyper growth opportunity. PTSH is exploring this in developing global markets such as South America and Eastern Europe.

In other company news, interim secretary Marc Pintar has left his position following the completion of his contract with PTSH and has been replaced by Julie Provost. She has a good grasp of the business world and experience and is assisting PTSH in its task on a very cautionary tone.

PTSH, shareholders can expect additional information as these events unfold on a timely and steady basis.

Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of PTS, Inc. that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. PTS, Inc. cautions you that any forward-looking information provided by or on behalf of PTS, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. PTS, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond PTS, Inc.'s control. In addition to those discussed in PTS, Inc.'s press releases, public filings, and statements by PTS, Inc.'s management, including, but not limited to, PTS, Inc.'s estimate of the sufficiency of its existing capital resources, PTS, Inc.'s ability to raise additional capital to fund future operations, PTS, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match PTS, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. PTS, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

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