PTS, Inc. (OTCBB: PTSH) announced today that it has received an offer, in a combination of cash and stock, for all the shares it owns of Disability Access Corporation (Pink Sheets: DBYC) held by PTS, Inc., and all the shares of its wholly own subsidiary, Disability Access Consultants Inc. (DAC)
This was an unsolicited offer, and the offer came from Research Capital, Inc. (RCI) which is a subsidiary of Granite Energy, Inc.
RCI’s solicitation suggests the value of RCI’s offer for PTS’s share position in DBYC.PK and in DAC is at $2,100,000.
PTS, Inc.’s management will be evaluating this offer and referring the offer to the Board of Director of PTS, Inc. for its subsequent disposition.
The Board of Director will evaluate this offer, and will announce their decision on or before September 8th, 2008.
PTS, Inc. is the majority shareholder in Disability Access Corporation (DBYC.PK).
About PTS:
PTS's subsidiary, Glove Box Inc. (www.ptspi.com), owns the rights to patented, revolutionary Glove Box™, the only product that offers contamination reduction through automated glove dispensing. The Glove Box™ system is a free-standing dispenser of disposable latex gloves.
About Disability Access Consultants (DAC):
Disability Access Consultants, Inc. conducts facility inspections, policy reviews and program analyses in addition to comprehensive continuums of other compliance services. Over 54 million people in the United States have a disability, or 20% of the population. The 1990 Americans with Disabilities Act requires all organizational entities, public or private, with 15+ employees, to provide equal access for individuals with disabilities. It’s estimated that there are seven million sites at risk across the U.S. www.adaconsultants.com.
CERTAIN INFORMATION: Investors are cautioned that certain statements contained in this document as well as some oral statements of PTSH officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Certain statements in this news release may contain forward-looking information and are based on Management's current expectations, estimates and projections subject to change. Words such as "anticipates," "expects," "intends," "plans," "projects," "believes," "seeks," "estimates" and similar expressions are intended to identify such forward-looking statements. The Company disclaims any information that is created or distributed by any outside party and endorses only information that is communicated by its official Press Releases.
