BTNonline reports that PCMA this month pulled the plug on the "strategic alliance" it formed with ACTE in June (article).
In a message to the PCMA board of directors, PCMA chairman John Folks said "some additional financial challenges surfaced," following the resignation of ACTE director of global finance Cynthia Godes.
Meanwhile NBTA has kept the door open for talks, and ACTE came knocking on Aug. 5 when it "presented openly for industry consideration" a proposal.
However, NBTA leadership said it was not made aware of the new deal beforehand.
"Quite frankly, it has not sat well with the board," said NBTA's Maguire, whose presidency is at its end.
"We don't normally negotiate through the media, and we weren't even notified of the new conditions until after the media was notified."
Read the full story on BTNonline
Related Article:
