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PTS, Inc. (PTSH.OB)
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.
PTS, Inc. does not have significant operations. 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: http://www.ptspi.com
Tellabs Inc. (Nasdaq:TLAB) announced it will open its first Innovation Solutions Research Lab in the State of Victoria, Australia's capital city, Melbourne, creating 25 jobs in the city during the next three years. Victorian Minister for Information and Communication Technology, John Lenders, said Tellabs' growth and expansion in Victoria is a testament to the state's ability to attract major global companies. The Information and Communication Technology (ICT) industry injects more than $27.4 billion a year into the State of Victoria's economy and employs more than 131,500 Victorians in ICT professions.
Tellabs, Inc. designs, develops, and supports telecommunications networking products for communications service providers worldwide. Its products and services enable customers to deliver wireline and wireless voice, data, and video services to business and residential customers.
Clearwire Corporation (Nasdaq:CLWR) a leading provider of wireless broadband services and operator of the first 4G mobile broadband network in the country, announced its financial and operating results for the third quarter of 2010. This quarter we saw continued strong demand for the nation’s first 4G mobile broadband service, which drove a record 1.23 million new subscribers for an ending third quarter subscriber base in excess of 2.84 million. Due to this phenomenal growth, we now believe we will end this year in excess of 4 million total subscribers, nearly doubling our original 2010 expectation of just over 2 million,” said Bill Morrow, Clearwire’s CEO.
Clearwire Corporation, through its subsidiaries, builds and operates mobile broadband networks that provide high-speed residential and mobile Internet access services and residential voice services in communities in the United States. It offers wireless broadband and mobile broadband services, as well as voice over Internet protocol telephony services for homes and offices.
Sequenom Inc. (Nasdaq:SQNM) announced that company management will present an overview of the company at the following conferences in November. Lazard Capital Markets 7th Annual Healthcare Conference on Tuesday November 16, 2010 at 11:25am ET in The St. Regis, New York and secondly, Stephens Fall Investment Conference on Wednesday November 17, 2010 at 1:00pm ET in The Palace Hotel, New York. A live webcast and 30-day archive of these presentations will be available at http://sequenom.com.
Sequenom, Inc. provides products, services, diagnostic testing, applications, and genetic analysis products that translate the results of genomic science into solutions for biomedical research, translational research, molecular medicine applications, and agricultural and livestock.
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