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(MMM, PTSH, RE, FDX) Market News From!




PTS, Inc. (OTC.BB:PTSH) announced that through its ThinLine division has signed a 3-year Voice Over Internet Protocol (OTCPK:VOIP) contract with MC Universal Art.

MC Universal Art has been designing and installing quality framed art for over 30 years. They are a leading provider of wholesale and retail art frames, fine art prints, signed limited additions, as well as providing interior design consulting services. MC Universal Art works with leading interior designers, architects, and office furniture dealers - they help their wholesale clients achieve an environment that drives the image and identity they want to project for customers.

In other company news:

Following several queries from the investment community, PTSH explains the relationship with ThinLine and addresses its "70% ownership". Raj Kalra, CEO of PTSH explains, "PTSH purchased my 70% ownership of ThinLine in a Share Exchange Agreement. In exchange of my 70% ownership I received restricted shares of PTSH stock. ThinLine has two owners, PTSH (70%) and a second party (30%). ThinLine is a subsidiary of PTSH, owning 70% therefore shall receive 70% of the profits. In respect to why the deal won't close until December 31, 2010 is due to two factors: 1) ThinLine has approx 70 days to complete SEC audits and; 2) PTSH has its year end 12/31/10, and it makes for easier accounting. For all intensive purposes it is business as usual for PTSH and ThinLine since the merger.


FedEx Corporation (NYSE:FDX) expects to see its busiest day in company history when it moves almost 16 million shipments around the world on December 13. This is a more than 11 percent increase from last year’s busiest day when the company handled 14.2 million shipments. For the overall holiday season, FedEx is expecting a total volume increase of approximately 11 percent compared to 2009. FedEx forecasts more than 223.3 million shipments will move through its global networks between Thanksgiving and Christmas.

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. The FedEx Express segment offers various shipping services for the delivery of packages and freight.


Everest Re Group Ltd. (NYSE:RE) reported third quarter 2010 after-tax operating income1, which excludes net realized capital gains and losses, of $149.3 million, or $2.67 per diluted common share, compared to after-tax operating income1 of $209.4 million, or $3.43 per diluted common share, in the third quarter of 2009. Net income, including net realized capital gains and losses, was $174.2 million, or $3.11 per diluted common share, for the third quarter of 2010 compared to $228.6 million, or $3.75 per diluted common share, for the same period last year. For the nine months ended September 30, 2010, after-tax operating income1 was $260.3 million, or $4.50 per diluted common share, compared to $571.8 million, or $9.32 per diluted common share, for the first nine months of 2009. Net income, including net realized capital gains and losses, was $308.2 million, or $5.33 per diluted common share, for the first nine months of 2010, compared to $609.8 million, or $9.94 per diluted common share, for the same period in 2009.

Everest Re Group, Ltd., together with its subsidiaries, underwrites reinsurance and insurance in the United States (the U.S.), Bermuda, and international markets. The company operates in five segments: U.S. Reinsurance, U.S. Insurance, Specialty Underwriting, International, and Bermuda.


3M Co. (NYSE:MMM) with new technology announced on November 15, 2010, a doctor in Minnesota can — in real-time — detect a murmur in the heart of a child in rural Arizona. Through the new 3M™ Littmann® Scope-to-Scope Tele-Auscultation System, clinicians can transfer digitally captured patient sounds in real-time, from one stethoscope to another, no matter the distance. In tandem with the innovative 3M™ Littmann® Electronic Stethoscope Model 3200, the Scope-to-Scope Software is transforming the tele-auscultation experience so clinicians can consult with colleagues in real-time, across data networks, anywhere in the world.

3M Company, together with its subsidiaries, operates as a diversified technology company worldwide. It operates in six segments: Industrial and Transportation; Health Care; Consumer and Office; Safety, Security and Protection Services; Display and Graphics; and Electro and Communications.



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