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PTS, Inc. (OTCPK:PTSH)
PTS, Inc. announced recently 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.
PTS, Inc announced this month after the market closed that Raj Kalra has been named Chairman and Chief Executive Officer, effective immediately. Mr. Kalra replaces Teresa Rubio who has served as Chairman and Marc Pintar who has served as PTSH Interim Chief Executive Officer. In addition to his role as CEO, Mr. Kalra will serve on PTSH 's Board of Directors.
"Raj Kalra brings the right skill set to lead PTSH as we move forward and commence a focus on restructuring, stabilization, growth and profitability," said Marc Pintar, PTSH Interim CEO. "Raj's leadership skills and extensive experience in mergers and acquisitions, as well as business niches such as technology, retail, energy and financial sectors, make him the right CEO to lead PTSH down its new road to success," added Mr. Pintar.
Raj Kalra is the founder and CEO of ThinLine Technology Group, and brings over a decade of leadership, management skills and experience in the information technology industry. Prior to founding ThinLine, Mr. Kalra spent 20 years in developing and expanding start-up businesses, public corporations and turn-around.
"I'm very pleased to be named the CEO of PTSH," said Raj Kalra. "I am working very hard to bring value to our shareholders. My first order of business is to announce that PTSH , via ThinLine, has been granted a contract to develop and manage the modifications to a certain proprietary cloud computer software solution that ThinLine created based on the client's requirements for an online inventory management system for contracts that they manage for cable operators nationally." Raj Kalra continued, "This system tracks the sales process and contract maintenance between the cable operator and the property owner/investment company. It also tracks revenue sharing that is owed to the property based on right-of-entry agreements or tracking of bulk cable/internet agreements for the units of the property. This is a very meaningful contract for PTSH and shareholders will be advised of any additional developments as they unfold."
"Our Client is the leading provider of MDU services to the largest cable operators in the country, securing thousands of units every month for their clients. The details of this contract will be released shortly, upon satisfaction of all parties," concluded Raj Kalra.
To learn more about PTSH visit: http://www.ptspi.com
Computer Sciences Corporation (NYSE:CSC) licensed its Exceed Billing software to Shelter Mutual Insurance Company of Columbia, Mo., to boost the cost-effectiveness of its billing services to insurance customers in more than a dozen Midwestern and Southern states. Under the 11-year agreement, Shelter Insurance will implement Exceed Billing, Exceed Disbursements and Exceed Financial Integrator for all lines of business, including life insurance, as well as personal and commercial property and casualty (P&C) insurance. Shelter Insurance chose Exceed Billing to replace an existing P&C legacy system and will integrate it with multiple policy administration systems, including CSC’s CyberLife software for life insurance administration. Built on an open, service-oriented architecture, Exceed Billing is a scalable, automated, real-time billing system that processes all bill types and lines of business and can interface with any policy administration system regardless of platform.
Computer Sciences Corporation offers information technology (NYSE:IT) and business process outsourcing, as well as IT and professional services to the commercial and government markets. The company’s outsourcing services include the operation of customer’s technology infrastructure, including systems analysis, applications development, network operations, desktop computing, and data center management.
EI DuPont de Nemours & Co. (NYSE:DD) has signed a definitive agreement to acquire MECS, Inc., from affiliates of American Securities LLC, advancing the company’s capabilities to deliver sustainable solutions and further expand its reach in emerging markets. The acquisition will expand the DuPont clean technologies portfolio with complementary science-based offerings and provide the company with further access to high-growth market segments, particularly in developing regions like Asia Pacific and the Middle East. Terms of the agreement were not disclosed.
E. I. du Pont de Nemours and Company (DuPont) operates as a science and technology company worldwide. It operates in seven segments: Agriculture & Nutrition, Electronics & Communications, Performance Chemicals, Performance Coatings, Performance Materials, Safety & Protection, and Pharmaceuticals.
Raytheon Co. (NYSE:RTN) Raytheon Professional Services LLC, a subsidiary of Raytheon Company (NYSE:RTN), was named an industry leader by research and advisory firm Nelson Hall. The firm’s 2010 “Targeting Learning Business Process Outsourcing Report” positioned RPS favorably among 25 competitors in the learning business process outsourcing (LBPO) market. Nelson Hall defines LBPO as the management of core multi-vendor learning administration services by a third party that provides other critical learning functions. LBPO consists of the traditional “four towers” of learning services: content, administration, delivery and technology.
Raytheon Company, together with its subsidiaries, provides electronics, mission systems integration, and other capabilities in the areas of sensing, effects, and command, control, communications, and intelligence systems, as well as mission support services in the United States and internationally.
American Video Teleconferencing Corp. (OTCPK:AVOT)
AVOT is pleased to announce that it has hired a French speaking geologist to search the archives of the Quebec Department of Mines for Rare Earths showings not on a current computer file. AVOT believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. As neither the Federal nor Quebec Governments have carried out any air borne surveys in this area, AVOT will seek a contractor to do an air borne Mag-EM radiometric survey. This survey will cover its present holdings and the immediate surrounding area looking for future acquisitions. We are pleased to be working in the Province of Quebec as it is rated the number one jurisdiction in the world to carry out mineral exploration. The Quebec Government gives a rebate up to 45% for property expenditures.
China has been one of the main supplier to the US of the Earth's rare mineral supplies, with these rare minerals American manufacturers are able to make high-tech products such as cell phones, wind turbines, and guided missiles, but all that might come to a screeching halt now that China has stopped supplying the material, the New York Times has reported.
In the wake of China's decision America now must look for other sources, that will be more reliable for our future needs, and AVOT may just be the new source, here's why.
AVOT believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. AVOT is currently looking for these Rare Earths Minerals in Canada, the US's Northern neighbor.
AVOT is seeking a contractor to do an air borne Mag-EM radiometric survey for its present holdings and the immediate surrounding area looking for future acquisitions. AVOT is pleased to be working in the Province of Quebec as it is rated the number one jurisdiction in the world to carry out mineral exploration. The Quebec Government gives a rebate up to 45% for property expenditures.
Presently AVOT is in the final stage of negotiations with Kondor Gold Pyt. in Australia.
AVOT is aggressively carrying out searches world-wide for opportunities in Precious, Base and Rare Earths metal projects.
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