WEDNESDAY, AUGUST 30, 2006 09:00 AM
LAS VEGAS, Aug 30, 2006 (BUSINESS WIRE) -- Disability Access Consultants Inc., a wholly owned subsidiary of PTS Inc. (OTCBB: PTSH), has executed a Letter of Intent agreement with a major international Quick Service Restaurant chain (QSR) to conduct Americans with Disabilities Act (ADA) compliance inspections for a significant number of stores. Although confidentiality provisions prohibit the dissemination of the name of the QSR, the Letter of Intent does initiate commitments for inspections for up to several thousands of the QSR\'s locations.
"Based on terms of the LOI, inspections of the quick service restaurant retail stores have started nationwide," stated Barbara Thorpe, president of DAC Inc.
"With this work, and other contracts in various stages of execution, the revenue growth is expected to be significantly greater than last year for the same quarter, and with extremely positive expectations for the balance of the year," commented Peter Chin, CEO of DAC Inc.\'s parent company, PTS Inc. He continued, "The revenue generation over the life of this initial agreement is expected to be approximately $5.2 million, and will continue to strengthen DAC Inc.\'s position as a leader in ADA compliance inspections."
"Consent decrees and other litigation against businesses and public entities to provide equal access for individuals with disabilities have stimulated an increase in the current market demand for ADA compliance inspections, which is a core competency and major business of DAC Inc.," commented Thorpe.
The Americans with Disabilities Act (ADA) requires businesses to provide equal access to goods and services for individuals with disabilities. Public entities are held to a higher standard of access to programs, services and activities, and are mandated to have developed a transition plan and self-evaluation that determines if any facilities, programs or services are discriminatory in regards to individuals with disabilities.
About Disability Access Consultants Inc. (DAC)
Disability Access Consultants Inc. conducts facility inspections, policy reviews and program analyses in addition to a comprehensive continuum of other compliance services. More than 54 million people in the United States have a disability, a number equal to 20% of the population. The Americans with Disabilities Act of 1990 requires all organizational entities, public or private, with more than 15 employees, to provide equal access for individuals with disabilities. It is estimated that there are more than seven million sites at risk across the United States. For more information about DAC, please visit: www.adaconsultants.com.
About PTS
PTS Inc.\'s subsidiary, Glove Box Inc. (www.ptspi.com), owns the rights to the patented, revolutionary Glove Box(TM), the only product that offers contamination reduction through automated glove dispensing. The Glove Box(TM) system is a free-standing dispenser of disposable latex gloves, which is being marketed by PTS in the United States and Asia.
PTS Card Solutions Inc. (OTC: PTCD) is a partially owned and controlled subsidiary of PTS Inc. PTS Inc. recently assigned all of its interests in Global Links Card Services to this newly acquired subsidiary, PTS Card Solutions Inc. Global Links Card Services Inc. markets its FastMax Prepaid Debit Card through various agents and distributors.
Except for historical information contained herein, statements in this news release are forward-looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company\'s actual results in the future periods to differ materially from forecasted results.
SOURCE: PTS Inc.
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