That's quite odd.
PTS is not part of any bundles, and bundles don't alter the Windows Start menu anyway, so it really should be there.
For reference, the default shortcut points to pts.bat in the UGII directory, if you want to set up a shortcut manually.
Does that help?
Taylor Anderson
NX Product Manager, Knowledge Reuse and NX Design
Product Engineering Software
Siemens Product Lifecycle Management Software Inc.
(Phoenix, Arizona)