Henderson, Nevada (PRBuzz.com) May 9, 2012 -- Pts Inc. (PTSH:PK) www.ptspi.com/ subsidiary Navistar Global Logistics (UK) Ltd (Navistar) www.navistar.co.uk/ Navistar has signed a Letter of Intent with a major US based publicly traded company, and a global player.
Navistar will be distributing global ecommerce shipments and will combine regular air freight shipments to optimize the current distribution channels into Europe, Middle East and Southeast Asia. The expected revenue will be in access of $24 million USD. The business will be staged in over the next few months and is expected to be in full implementation by September 1st 2012. This will increase revenue with over 500% increase in the current calendar year.
CEO John O'Brien commented "In addition to this, we continue to sign new business as we are a leader in the global distribution market place, as there a only a few competitors. We expect this sector to continue to expand as the global ecommerce platform drives customer sales beyond their limits of brick and mortar locations."
Navistar has also been approved to go into the 2012 London UK hosted summer games sites and deliver catering equipment. The company was required to go through an advanced clearance process to obtain security passes and approval as a transport company for the summer games. The only other supplier for the Olympics currently is UPS.
Further details about business developments will follow shortly.
Short description
PTS, Inc. subsidiary Navistar Global Logistics (UK) Ltd is an international logistics freight forwarding company with high quality warehousing in London, Birmingham, Manchester, Newcastle and at all ports and airports, and with north American alliance Starbase Global Logistics.
Navistar Global Logistics are specialists in air freight, sea freight and road haulage, transfer customs clearance, storage and fulfillment. Navistar can collect and deliver door-to-door, anywhere in the world.
