PTS, Inc. (PTSH) announces changes to executive management, external accounting

Posted on: July 19th, 2010
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PTS, Inc. (OTCBB: PTSH) announced today that the company had appointed Teresa Rubio to Treasurer and Chairman of the Board of Directors. The company also announced it has appointed HJ & Associates, LLC, as its independent registered public accounting firm to begin providing services for the second fiscal quarter of 2010.

It is anticipated that Ms. Rubio, in her new position, will accept an annual salary of $1.00 plus future PTSH warrants and options commutative to her contribution to PTSH as determined by the entire PTSH board, interim and future management. Teresa Rubio currently owns 15 million series D Pf shares of PTSH, on a fully diluted basis equates to 3 billion common shares. Ms. Rubio intends to increase her stock holdings over the next 6 – 12 months.

The appointment of Rubio will replace Marc Pintar, who will continue in the capacity of interim Chief Executive Officer, as well as interim member of the Board. Commenting on recent events, Mr. Pintar said, “Ms. Rubio is an experienced businesswoman with a strong background in global finance and accounting. Ms. Rubio brings over 40 years of entrepreneurial experience in financial markets with focus on business management, administration and accounting in Canada, Spain and Argentina. PTSH welcomes Ms. Rubio with open arms. We are fortunate to have her on our team moving forward”.

Teresa Rubio comments, “I am impressed with the vision and drive of PTSH and accept the challenges. I believe with my experience and contacts I can assist Mr. Pintar in his quest to bring value back to the stockholders of PTSH. I am very pleased to be part of this organization and look forward to the future of this company”.

Additionally, PTSH also announced today that the Company would replace Lynda R. Keeton CPA, LLC, with HJ & Associates, LLC, as its independent registered public accounting firm to begin providing services for the fiscal second quarter of 2010.

Mr. Pintar also addressed these changes, “In connection with our growth strategy and expansion plans going forward, we determined that it was important to change public auditing firms. We believe HJ & Associates, LLC is the best fit for PTSH as it enters a new phase of growth and development.”

PTSH has endured a turbulent start to 2010, with share prices reaching a 52-week high in June of four-tenths of a cent, but sharply declining thereafter to its current price of twelve one-hundredths of a cent, which hovers near a 52-week low.

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