Message #23 From:
NewsBot Date: January 3, 2007 06:00:00 AM
PTSH News PTS, Inc. Reports 466% Improvement in 2006 Revenue over 2005
LAS VEGAS--(BUSINESS WIRE)--PTS, Inc. (OTCBB:PTSH) has reported 2006 year-end unaudited
revenue results as follows. Revenues for the year ending December 31,
2006, were $739,279. Compared with audited results of the same period in
2005, this represents a year-over-year improvement in PTS, Inc. revenues
of $608,621 or 466%.
The increase is entirely attributable to revenue growth in Disability
Access Consultants, Inc., a subsidiary of PTS, Inc. Revenue growth was
attributable to the growing demand for Americans with Disabilities Act
(ADA) compliance inspections. Based on existing commitments, the company
expects to see further significant revenue growth through Disabilities
Access Consultants, Inc. (DAC) activities in 2007.
Disabilities Access Consultants, Inc. was previously announced to be
merged with Disability Access Corp. (Pink Sheets:DBYC), which is
also a subsidiary of PTS, Inc., to be effective on January 2, 2007. On
further consideration, the Board has reconsidered the structure and has
decided, for various business optimization purposes, to instead of
merging DAC with DBYC, to reconfigure the structure and have DAC become
a wholly owned subsidiary of DBYC. The company will enjoy certain
benefits from this restructure and avoid unnecessary expenditures for
certain legal, accounting and other professional costs associated with a
merger, while fulfilling the intent of the business enterprise to have
its own trading symbol.
PTS, Inc. has previously announced a 1:3 dividend in DBYC shares to PTS,
Inc.’s shareholders of record as of December
15, 2006. PTS, Inc. expects to distribute the aforementioned dividend by
January 31, 2007.
PTS, Inc.’s subsidiary, Glove Box Inc. (www.ptspi.com),
owns the rights to the patented, revolutionary Glove Box(TM), the only
product that offers contamination reduction through automated glove
dispensing. The Glove Box(TM) system is a free-standing dispenser of
disposable latex gloves, which is being marketed by PTS in the United
States and Asia.
About Disability Access Corporation
Disability Access Corporation (Pink Sheets:DBYC) conducts
facility inspections, policy reviews and program analyses in addition to
a comprehensive continuum of other compliance services. More than 54
million people in the United States have a disability, a number equal to
20% of the population. The Americans with Disabilities Act of 1990
requires all organizational entities, public or private, with more than
15 employees, to provide equal access for individuals with disabilities.
It’s estimated that there are more than seven
million sites at risk across the United States. Please visit: www.adaconsultants.com.
Safe Harbor Statement:
Except for historical information contained herein, the statements in
this news release are forward-looking statements that involve risks and
uncertainties and are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which may
cause the company's actual results in the future periods to differ
materially from forecasted results.
