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  • XJT, PTSH, STL, QTM - ExpressJet Holdings, PTS, Sterling Bancorp, Quantum 0 comments
    Nov 10, 2010 1:18 PM | about stocks: QTM, STL




      PTS, Inc. (OTCPK:PTSH)

    PTS, Inc. announced today that through its ThinLine division it has signed a 3 year IT Services deal with United Power.

    United Power ( is acknowledged experts on the resale of products especially suited for medium voltage power distribution, in addition to providing a wide portfolio of products for other aspect of the electrical utility business. United Power has been serving electrical utility Customers within Georgia continuously since 1976. They have developed a reputation for customer sensitivity, fair dealing and exceptional quality during this time.

    United Power required an IT solution that would allow them to contact one source for all of their IT needs.

    "United Power is a well-established and quality company that has been a leader in their field for decades" stated Raj Kalra CEO of PTSH. "They were looking for a one stop shop that would be able to handle their IT, disaster recovery and hardware needs without making more than one phone call. ThinLine's managed IT solution was designed for this task. We look forward to working with the team at United Power and I am always excited to add a quality client to our growing portfolio of managed It customers," added Raj Kalra.

    PTSH intends to acquire undervalued businesses and/or merge with businesses with a history of operating revenues. Prior to February 23, 2010, PTSH engaged in the provision of accessibility compliance consulting services to government, school districts, and municipalities and other public entities, as well as to retail, commercial, recreational, and corporate customers. PTS, Inc. was founded in 1996 and is based in Las Vegas, Nevada.

    To learn more about PTSH visit:


    ExpressJet Holdings Inc. (NYSE:XJT) announced that it has commenced the mailing of definitive proxy materials to ExpressJet stockholders for the purpose of voting on a proposal to adopt and approve the merger agreement between SkyWest, Inc. and ExpressJet Holdings, Inc. The special meeting of stockholders is to be held on Wednesday, November 10, 2010. ExpressJet stockholders of record as of the close of business on September 27, 2010, will be entitled to vote and will be mailed a definitive proxy statement in connection with the special meeting. The board of directors of ExpressJet has unanimously determined that the merger agreement is in the best interests of ExpressJet and its stockholders, and recommends that stockholders vote "FOR" the proposal to adopt and approve the merger agreement.

    ExpressJet Holdings operates several divisions designed to leverage the management experience, efficiencies and economies of scale present in its subsidiaries, including ExpressJet Airlines, Inc. and ExpressJet Services, LLC.


    Sterling Bancorp (NYSE:STL) a financial holding company headquartered in New York City and the parent company of Sterling National Bank, announced that the Company's Board of Directors has declared a cash dividend of $0.09 per common share, payable on December 30, 2010 to shareholders of record as of December 15, 2010. This declaration extends the Company's history of continuous cash dividends to 260 consecutive quarters over 65 years.

    Sterling Bancorp (NYSE:STL) is a New York City-based financial corporation with assets exceeding $2 billion. Since 1929, Sterling National Bank, the company's principal banking subsidiary, has successfully served the needs of businesses, professionals and individuals in the NY metropolitan area and beyond. Sterling is well-known for its high-touch, hands-on approach to customer service and a special focus on serving the business community.


    Quantum Corp. (NYSE:QTM) announced on November 9, 2010 that it priced a private placement of $125 million aggregate principal amount of 3.50% Convertible Senior Subordinated Notes due 2015 to be issued to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended. The company has granted the initial purchasers of the notes an over-allotment option to purchase up to an additional $10 million aggregate principal amount of notes for a period of 30 days from November 9, 2010.

    Quantum Corporation operates as a storage company that provides backup, recovery, and archive solutions.



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    Stocks: QTM, STL
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