WEST PALM BEACH, Fla., April 04, 2017 (GLOBE NEWSWIRE) -- PetroTerra Corp. (OTC:PTRA), announced today that it has executed a Share Exchange Agreement with Save on Transport Inc., a Florida corporation, pursuant to which Save on Transport became a wholly-owned subsidiary of ours. In the Reverse Merger, we purchased all of the issued and outstanding common stock of Save on Transport from Steven Yariv. In connection with the Reverse Merger, Steven Yariv was appointed Chief Executive Officer and elected as the Chairman of our Board of Directors.

Save on Transport is a Florida based non-asset provider of integrated transportation management solutions, providing brokerage and logistics services such as transportation scheduling, routing and other value added services related to the transportation of automobiles and other freight. Annual gross revenues for the merged entity is expected to exceed $7 Million annually.

About PetroTerra Corp.

PetroTerra Corp. operates through its wholly owned subsidiary, Save on Transport Inc., as a Florida based non-asset provider of integrated transportation management solutions. We provide brokerage and logistics services such as transportation scheduling, routing and other value added services related to the transportation of automobiles and other freight, which involve the use of independent contractor-owned trucks and equipment.