CLEVELAND, Ga., Sept. 10 /PRNewswire-Asia/ -- PTA Holdings, Inc. (Pink Sheets: PTAH) announced today that PTA management team and technicians have been in South Korea for the past six months working on a project that could change the world. The team is led by CEO Ted Leverette, II and was initiated and financed by Tony Shin, chairman of IGGI., who last year was named president of PTA's Asian Pacific Division.
PTA has engineered and developed the device and the project is described as an alternative electric energy source that uses no wind, fossil fuel, solar or thermal energy and can be installed anywhere, even in the remotest part of the world. It is a weight assisted continuous motion machine that could produce electric power for homes and businesses.
Specific information will follow in subsequent press releases after the initial launch expected within a few weeks. Ted Leverette, II in cooperation with Tony Shin plan to lead continuous development and engineering in the new energy system which is expected to revolutionize the energy industry.
About PTA Holdings, Inc.:
PTA Holdings, Inc. ("PTA") is a diversified holding company. The Company acquired ProFlow, Inc. in April 2007. ProFlow, Inc. is a Georgia based Automotive Service Center that specializes in the development of special Oil's for domestic, foreign and diesel engines. ProFlow, since inception, has been led by a NASCAR Winston Cup-Winning experienced management team. ProFlow has developed and designed fuel saving processes, for the automobile industry that can have a dramatic effect on fuel consumption. ProFlow is aggressively approaching successful future technologies for fuel mileage in the complete automotive and Diesel industry. Additional information can be found on the company's website: http://www.ptaholdings.com .
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