PTA Holdings, Inc. (OTCPK:PTAH) has entered into negotiations to acquire a Midwest based trailer leasing company specializing in intermodal transportation. Leonard Lewensohn, Chief Executive Officer of PTA Holdings said, “The acquisition of this leasing company will, when completed, provide a continuing supply of trailers for the strategic expansion of our fleet operation. The target company currently owns 100 dry van 53-ft.

air ride equipped semi-trailers and is positioned for expansion making it a strategic marketing move for our company. The 'target' has been in the trailer leasing business for many years and a pioneer in many aspects of the industry, having a well-deserved reputation for safety and reliability opening the door to an entirely new business sector for our company in those markets”. Both companies expect to complete the due diligence process and proceed to closing before the end of the fourth quarter of 2013.

Timothy Norton, Vice President and Director of PTA Holdings said, “We are confident that the result of this future acquisition will strengthen our current trucking operation as it is compatible with our regional operating region and customer orientation as a supplier of equipment. Limiting factors in our own expansion program are directly related to the acquisition of trailers. The experience and reputation of this new target will greatly enhance our ability to do so”.