HANOVER, Md., Aug. 17, 2005 (PRIMEZONE) -- Humana Trans Services Holding Corporation (Pink Sheets:HTSC) (http://www.humanaservices.com) has agreed to sell Humana Trans Services Group, Ltd. ("Group") of Hanover, MD. Group is the driver recruiting division and is based in Hanover, MD, and has been the base for the corporate office of HTSC and the office of the President, John P. Daly. A group, headed by Mr. Daly, has completed a purchase of Group for a purchase price of approximately $875,000. This purchase is being paid in the following manner: the assumption of all debts of the subsidiary, totaling $625,000, which is comprised of Federal, State and local taxes and a small amount of trade date, as well as a promissory note in the amount of $150,000, payable over 30 months. The sale of this subsidiary significantly cleans up the balance sheet of HTSC, allowing management to continue its plan to focus on its new direction of "niche" recruitment of high-end professionals in accounting, engineering, legal, architectural, etc. without the tremendous burden of this debt. Group is being purchased by a private group of transportation professionals. Along with Mr. Daly's more than 20 years experience in the field, this gives Group the best opportunity for recovery.
Ronald Shapss, Chairman and now CEO of HTSC, stated, "John Daly has been a loyal dedicated leader for our company and will be greatly missed. In light of HTSC's new strategy and with the direction of our new management team, both parties agree that this is in the best interests of all."
About Humana Trans Services Holding Corporation
Established in 2001, Humana is a reporting, publicly traded company listed currently on the Pink Sheets under the symbol "HTSC". The company is now attempting to enter the professional staffing industry, such as accounting and legal staff, engineers, architects and other professional areas.
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