Wabash National Corp. (NYSE:WNC) announced that it presented awards to 14 of its top suppliers at the company's annual supplier conference.
Headquartered in Lafayette, Ind., Wabash National® Corporation (NYSE:WNC) is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, dump trailers, truck bodies and intermodal equipment. Its innovative core products are sold under the DuraPlate®, ArcticLite®, Eagle® and Benson™ brand names.
PTS, Inc. (OTCPK:PTSH) to Acquire Majority Control of ThinLine Technology Group
PTS, Inc. (OTC:PTSH) has entered into a Share Exchange Agreement pursuant to which PTSH will acquire 70% of ThinLine Technology Group at the closing. Closing shall occur as soon as PTSH receives satisfactory audited financials from ThinLine, but not later than December 31, 2010.
ThinLine Technology Group (www.thinlinegroup.com) manages, markets and maintains the IT and VOIP infrastructure for small and medium business (SMB market) and provides Private Cable Operators (PCO market) private label billing and call center support. At present, the company services over 21,000 clients on behalf of Private Cable Operators over 400 apartment properties across the United States.
The company consists of three divisions of expertise that provides one-stop solutions for customers’ technology needs across a broad spectrum of marketing, support and technology services:
ThinLine IT: providing CTO services and consulting, remote server and desktop support, disaster recovery, hosted exchange, software development, mobile application development and managed IT services.
ThinLine Connect: providing Internet and communications system consulting, business VoIP, hosted PBX technology, web-based CRM tools, and white-label call center support services.
ThinLine Interactive: providing local search marketing, social media marketing consulting, pay-per-click marketing, web hosting, web development and optimization, and mobile (SMS) marketing.
“This acquisition is of significant importance for PTSH. This addition continues the company’s mission to reorganize and focus on developing and growing across multiple verticals. We shall continue to pursue our business model of growing our business throughout Technology, Retail and Finance under the company umbrella. This strategy will help diversify income and allow the company to grow utilizing the managed service model,” states Marc Pintar, interim CEO.
In other company news and events: In concert with today’s merger news, PTS, Inc. will shortly announce its new officers directors and board members, replacing current interim management.
PTS, Inc. does not have significant operations. It intends to acquire undervalued businesses and/or merge with businesses with a history of operating revenues. Prior to February 23, 2010, the company 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.
Liz Claiborne Inc. (NYSE:LIZ) lost less money in its third quarter as the women's clothing maker cut expenses and experienced higher profit margins at Kate Spade, Mexx and Partnered Brands. The retailer's stock gained 36 cents, or 5.8 percent, to $6.59 in morning trading. Over the past year, its shares have traded between $3.90 and $9.72. Liz Claiborne said Thursday November 4, 2010 that it lost $62.7 million, or 67 cents per share, in the quarter. That compares with a loss of $90.5 million, or 96 cents per share, a year earlier.
Liz Claiborne, Inc. engages in the design and marketing of a range of apparel and accessories worldwide. It offers men’s, women’s, and children’s contemporary apparel, denim and casual sportswear, fashion apparel, business-casual apparel, career sportswear, intimate apparel, activewear, and jeans.
MF Global Holdings Ltd. (NYSE:MF) which is trying to restructure itself under new Chief Executive Officer Jon Corzine, reported worse-than-expected quarterly results, hurt by lower market activity and staff cuts. The futures- and options-focused company said its loss widened to $94.3 million, or 59 cents a share, in the second quarter ended on Sept. 30 from $16 million, or 13 cents a share, a year earlier.
MF Global Holdings Ltd., together with its subsidiaries, operates as a brokerage firm offering customized solutions in global cash and derivatives markets. It provides execution and clearing services for products in the exchange-traded and over-the-counter derivative markets, as well as for products in the cash market.
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