Target Logistics (TLG)

[scubavol]

Dude, I thought you was... I thought something happened to you! :) Good to see ya.

I guess I about broke even in my IRA... got out of the rest in the 2.10's before the last dive under $2.

[slow_feet]

Almost 7 years as a shareholder for me...I would have liked to see what it could do in another 5-10 years, but I have no complaints. I'm going to hold on to 50k shares in case someone shows up with a better offer.

[scubavol]

Bye, y'all.

Target Logistics to be acquired for $2.50-share, $53.7 mln

By Robert Daniel
Last Update: 3:40 AM ET Sep 18, 2007
TEL AVIV (MarketWatch) -- Target Logistics Inc., (TLG) the Baltimore provider of freight-forwarding and logistics services, definitively agreed to be acquired by Mainfreight Ltd. for $2.50 a share, or $53.7 million. The deal price is a 37% premium to Target Logistics' closing price of $1.83 on Monday. Mainfreight is a New Zealand provider of supply-chain-logistics services. Holders of a majority of Target Logistics stock have agreed to vote for the acquisition, Target said in a statement. The company expects to close the deal in the fourth quarter. BB&T advised Target Logistics on the deal while Downer & Co. and Grant Samuel & Associates advised Mainfreight. End of Story

[scubavol]

Right on top of things!

http://www.thestreet.com/_yahoo/newsanalysis/ratings/10364062.html?cm_ven=YAHOO&cm_cat=FREE&...
Freight forwarding services and logistics services provider Target Logistics (TLG - Cramer's Take - Stockpickr - Rating) has been downgraded to a hold from a buy. Its gross profit margin of 30.1% in the third quarter of its fiscal 2007 is lower than what is desirable, having decreased from the same quarter in 2006. Also, the company's net profit margin of 0.80% trails that of the industry average. Its return on equity of 7.5% in the same quarter was down from the year-earlier period and is significantly below that of the industry average. The company's stock price has declined 31.7% in the past 12 months. Target Logistics had been rated a buy since February 2007.

[scubavol]

Geez. Is it possible to get so low as to be a buy again??

[scubavol]

s_f? Still here?

Any happy thoughts as we scrape $2?

[scubavol]

Target Logistics, Inc. Announces 2007 Third Quarter Results
Wednesday May 2, 8:30 am ET

BALTIMORE--(BUSINESS WIRE)--Target Logistics, Inc. (AMEX: TLG - News), a domestic and international freight forwarder and logistics provider, today announced net income for the third quarter of FY 2007, ended March 31, 2007 of $340,150 or $.02 per diluted and basic share, compared to $609,642, or $.03 per diluted and $.04 per basic share reported in the third quarter ended March 31, 2006. Third quarter revenue increased 17.8% to $43.7 million, compared to the $37.1 million reported in the comparable 2006 fiscal period.

Operating income for the FY 2007 third quarter was $613,983 compared to the $1,107,182 reported in the comparable FY 2006 third quarter.

For the nine month period ended March 31, 2007, net income was $1.207 million or, $0.06 per basic and diluted share compared to $2.063 million, or $.10 per diluted and $.12 per basic share for the nine month period ended March 31, 2006. Nine month revenue increased 12.3% to $134.7 million from the $119.9 million reported in the comparable FY 2006 period.

Operating income for the nine month period of FY 2007 was $2,299,210 compared to the $3,754,818 reported in the FY 2006 comparable nine month period.

"Despite achieving our 18th consecutive profitable quarter, third quarter net income was disappointing, primarily because of continued losses by our New York City station following our Discovery acquisition last year, and less than anticipated gross profit margin improvement as a result of sluggish value-added services growth," said Stuart Hettleman, President and CEO. "We have taken the appropriate steps to right size the New York operations and expect to achieve profitability at this station in the fourth quarter.

"We had projected a strong 2nd half for fiscal 2007 during our second quarter conference call. Although our results for the 3rd quarter are significantly less than we expected, we are still very optimistic for the future. We do still expect a solid 4th quarter, but we do not believe that we will be able to overcome the shortfall in our 3rd quarter results to achieve our current goals. As a result, while we still believe that we will achieve the lower end of our revenue guidance of a 15% to 22% increase over fiscal 2006, we are lowering our earnings guidance for fiscal 2007 to $.08 to $.10 per share on a fully diluted basis.

"Our Company remains focused on executing its proven strategy - Consistent year on year revenue increases driven by internal sales growth and accretive acquisitions, while further reducing SG&A as a percentage of revenue and improving our gross profit margins," concluded Mr. Hettleman.

Philip Dubato, Chief Financial Officer of Target Logistics, added, "We are pleased that our new Wells Fargo credit facility is in place and at March 31, 2007 we had over $16.1 million in cash and available credit to support our strategies for internal growth and our ability to make strategic acquisitions."

Target Logistics will hold a conference call at 4:00 PM. ET on Wednesday, May 2, 2007. Interested parties are invited to listen to the call live, over the Internet at www.targetlogistics.com. The live call may also be accessed at http://phx.corporate-ir.net/playerlink.zhtml?c=62341&s=wm&e=1539271. The call will also be available by dialing [phone], or for international callers, [phone] and by using the confirmation code 32625245. A replay of the teleconference will be available until June 2, 2007 at www.targetlogistics.com. A replay will also be available by dialing [phone] (domestic) or [phone] (international) and by using confirmation code 22699898.

Target Logistics, Inc. provides domestic and international time definite freight forwarding and logistics services through its wholly owned subsidiary, Target Logistic Services, Inc. Target has a network of offices in 35 cities throughout the United States and a worldwide agent network with coverage in over 70 countries. Its freight forwarding services include arranging for the total transport of customers' freight, including providing door to door service, distributions and reverse logistics.

Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Although Target Logistics believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projections.

[PDC ™]

no privately replying for me or posting on dr pennynickles. guess my preium experied but never got a message. need to renew.

[scubavol]

Target Logistics Will Announce Third Quarter 2007 Results On May 2, 2007
Last update: 4/27/2007 9:38:23 AM
BALTIMORE, Apr 27, 2007 (BUSINESS WIRE) -- Target Logistics, Inc. (TLG), a domestic and international freight forwarder and logistics provider, will announce FY 2007 third quarter results on Wednesday morning, May 2, 2007, and host an investor call commencing at 4:00pm ET.

What: Target Logistics, Inc. Third Quarter 2007 Financial Results Conference CallWhen: Wednesday, May 2, 2007, 4:00pm ET Webcast address: , , Dial-in 800-510-9834 (domestic), pass code #32625245, ornumbers: 617-614-3669 (international)Contact: Paul Henning, Cameron Associates, 212-245-8800 Ext. 221 [e-mail]

If you are unable to participate, an audio digital replay of the call will be available from May 2, 2007, at 6:00pm ET until 11:59 p.m. ET on June 2, 2007, by dialing 888-286-8010 (domestic) or 617-801-6888 (international) using confirmation code #22699898.
Target Logistics, Inc. provides domestic and international time definite freight forwarding and logistics services through its wholly owned subsidiary, Target Logistic Services, Inc. Target has a network of offices in 35 cities throughout the United States and a worldwide agent network with coverage in over 70 countries. Its freight forwarding services include arranging for the total transport of customers' freight, including providing door to door service, distributions and reverse logistics.
Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Although Target Logistics believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projections.
SOURCE: Target Logistics, Inc.

Cameron AssociatesPaul Henning, 212-245-8800 Ext. [e-mail]

[scubavol]

I wonder who sold 30k on Friday. I picked up another k @ 2.17.

[slow_feet]

> I guess we can expect 3Q numbers in about two weeks?

Yep, 1st week in May usually.

[slow_feet]

Institutional Holdings Update

 
 Owner Name                 Date      Shares Held  Change(Shares)  % Change(Shares)  Value($1000)   
 DIMENSIONAL FUND ADV...   3/31/2007    84,900           0              0.00%             $194   
 WHITEBOX ADVISORS LL...  12/31/2006    95,370      31,700             49.79%             $218   
 UBS AG                   12/31/2006    17,700      15,721            794.39%             $41   
 REICH & TANG ASSET M...  12/31/2006    70,100      17,100             32.26%             $161   
 KLINGENSTEIN FIELDS ...  12/31/2006         0     (30,000)          Sold Out             $0   
   
 ___________________________________________ 
 DIMENSIONAL FUND ADVISORS INC  
 Total Market Value (in $ millions):  70,287   
 ___________________________________________ 
 WHITEBOX ADVISORS LLC 
 Total Market Value (in $ millions):  610  
 ___________________________________________ 
 UBS AG  
 Total Market Value (in $ millions):  53,790  
 ___________________________________________ 
 REICH & TANG ASSET MANAGEMENT LP  
 Total Market Value (in $ millions):  1,149   
 ___________________________________________ 
 KLINGENSTEIN FIELDS & CO LLC   
 Total Market Value (in $ millions):  3,228 
 

A new large fund has taken a position, the 70B DIMENSIONAL FUND.

[scubavol]

I guess we can expect 3Q numbers in about two weeks?

[scubavol]

Great minds think alike, they say...

[slow_feet]

Target Selects New Partner In Australia

CARSON, CA., MARCH 30: Target Logistic Services, an international freight forwarder and logistics provider, is strengthening its operations in Australia with the selection of a new partner, International Cargo Express, (ICE).

ICE, headquartered in Sydney and with offices in the six most important population centers of Australia, is considered one of the leading transportation and logistics organizations in that nation. The company has been serving the logistics needs of air and ocean shippers "down under" since 1988. Under the direction of Peter Timmerman, a veteran of international logistics, ICE has grown exponentially during the past two decades.

ICE offers a wide range of logistic services including air & ocean freight forwarding, in-house customs clearance, inventory control, project cargo services and local transport consultation and management. ICE is ISO Certified.

In making the announcement of the new Target-ICE partnership, Chris Coppersmith, President & CEO at Target Logistic Services, stated, "ICE has proven to be one of the most significant cargo organizations in one of the most important markets for U.S. goods and services. Australia, with its need for a growing amount and variety of both basic industrial and hi-tech products, has become a major trading partner with the U.S. It is one of the few nations where the U.S. has a favorable balance of trade."

Speaking for ICE, Peter Timmerman declared, "We welcome the new partnership between ourselves and Target. There are many logistics providers serving U.S.-Australian trade, but few have the experience, skill and dedication in serving the needs of the customer as Target. We believe substantial new business can be generated with this arrangement."

Coppersmith stated that ICE now is being linked to Target's worldwide EDI system for instant tracking and tracing. "Our Australian customers will know the status of their shipments every step of the journey," he emphasized.

The Target executive noted that in addition to expanding partnerships in the South Pacific, the logistics provider has a commanding presence on the continent of Asia. Target has eight offices in China plus facilities in Singapore, Malaysia, Hong Kong, the Philippines, Taiwan, Korea, Vietnam & Indonesia.

END

- Link

[slow_feet]

>...the stock is poised to rally towards a more fair
> fundamental valuation of $2.75-$3.50

Hey, that's my fair value! This guy has been reading my posts.
:)

[scubavol]

SeekingAlpha
Target Logistics: Shaping Up or Shipping Out?
Tuesday April 10, 5:06 am ET

http://biz.yahoo.com/seekingalpha/070410/31844_id.html?.v=1

Scott Nussbaum submits: Target Logistics Inc. (AMEX: TLG - News) provides freight forwarding and logistics services to over 3200 customers worldwide. The company specializes in time sensitive shipping for manufacturers. Its average shipment is 1400 pounds. Target employs minimal physical assets, instead focusing on selling value-added service of logistical coordination (i.e. pick up from manufacturer on the manufacturer’s terms, delivery to multiple customers, and handling of all documentation and scheduling). Over half of Target’s employees are devoted to customer service and logistics coordination. The company has invested heavily in an efficient infrastructure, which will allow it to generate substantial economies of scale as the company drives revenue. The company is essentially an infant version of Expeditors International (NasdaqGS: EXPD), which is often considered the best-in-breed within the logistics industry.

Management of Target Logistics is long-term oriented, with insiders owning over half of the total shares. Target Logistics' market cap is approximately $42M, and the company carries no debt. Importantly, the company's credit lines were up for renewal in March 2007, and the company expanded its credit lines and was able to do so on better terms than its existing facility.

The stock sells for approximately 16x trailing EPS (2006 EPS were $0.13, June fiscal year), 16x 2007E EPS, 0.25x Sales, and generates an approximate 20% ROIC. Comparable, but larger companies typuically sell for 20-40x forward earnings and 0.5-2.0x sales with 30%+ ROIC. Recently, one of Target’s larger competitors, EGL Inc. (NasdaqGS: EAGL), went private through a CEO led buy-out at over 20x trailing and close to 25x forward earnings, and 0.5x sales.

Target announced disappointing FQ107 EPS in November 2006, and noted that the spillover would continue through FQ207 (announced Feb07). Target's earnings softness was largely the result of identifiable and largely fixable business issues. Specifically, a small acquisition made in F2006 performed worse than expectations. FQ207 earnings were inline with company guidance and the company reiterated its targets for the full year (ending June 30, 2007). The company is on track to grow revenue 15% in F2007. Looking through the acquisition related disappointment in F1H07, the company is poised to return to an earnings growth trajectory of 15-25% earnings growth from F2008-F2009.

Importantly, this organic growth could very likely be complimented by acquisitions. Given the recent expansion of the credit facility and the CEOs comments on the acquisition pipeline in the FQ2 call in February, it would not be surprising to see an acquisition in the near term (3-6 months). The stock experienced a moment of strong momentum in June/July 2006, which has clearly left a number of holders underwater.

Given the number of buyers entering the stock in its summer rally and the disappointing quarterly results, the stock came under severe pressure in November and December, ostensibly due to tax loss selling. It is not surprising to see excess supply that needs to be worked through before the stock is poised to rally towards a more fair fundamental valuation of $2.75-$3.50. Given the limited liquidity in the stock, the shares appear to be dead money while the excess supply of shares is worked through.

However, given the limited float, the shares could easily move higher on even a whiff of positive news making it too difficult to build a position AFTER any number of positive catalysts become visible. Should the company deliver results on track with its recent guidance and affirm its estimates for F2007, the stock could move materially higher. The company has an historical track record of delivering against stated targets and announcing results promptly after quarter end (30-45 days).

Disclosure: Author holds a long position in TLG

[scubavol]

Target Logistics, Inc. Secures $20 Million Line of Credit from Wells Fargo
Last update: 3/20/2007 9:07:10 AM
BALTIMORE, Mar 20, 2007 (BUSINESS WIRE) -- Target Logistics, Inc. (TLG), a domestic and international freight forwarder and logistics provider, today announced that the company has secured a new $20M credit facility from Wells Fargo Bank National Association (Wells Fargo) for a term of three-years, increasing the company's available credit to $20 million.
Philip Dubato, Chief Financial Officer of Target Logistics said, "We are extremely pleased that this new facility increases Target's available credit by a third with more favorable terms. Our new facility will provide Target with greater financial flexibility to support its strategic growth goals at a time when the pipeline of available and potential acquisitions for Target is strong and expanding."
Target Logistics, Inc. provides domestic and international time definite freight forwarding and logistics services through its wholly owned subsidiary, Target Logistic Services, Inc. Target has a network of offices in 35 cities throughout the United States and a worldwide agent network with coverage in over 70 countries. Its freight forwarding services include arranging for the total transport of customers' freight, including providing door to door service, distributions and reverse logistics.
Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Although Target Logistics believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projections.
SOURCE: Target Logistics, Inc.

Cameron AssociatesPaul G. Henning, [e-mail]

Copyright Business Wire 2007

[scubavol]

I still don't know what all that means, but a price objective of 3.08 sounds a helluva lot better than a price objective of .50!

[slow_feet]

[slow_feet]

TARGET TO MANAGE SUPPLY CHAIN NETWORK
FOR FRENCH BEAUTY MAKER, L'OCCITANE

CARSON, CA., MARCH 9: Target Logistic Services, a leading domestic and international logistics provider, has been chosen to manage the national supply chain network of French luxury beauty products' maker and distributor, L'Occitane.

The new agreement calls for Target to be responsible for complete supply chain strategies in transporting the sizeable number and variety of L'Occitane's organic and natural beauty products. This includes delivery of fragrances, bath, body and skincare products to the company's 156 stores and independent retail outlets throughout the U.S.. Target will utilize many different transport options including same day service, next day morning & afternoon delivery plus deferred, time definite arrival of shipments based on the requirements of the customer. Pick-ups at L'Occitane's distribution facility in Lyndhurst, N.J. will be made on a daily basis and delivered directly to the company's retail stores and independent retail outlets in every sector of the U.S..

In announcing the new arrangement, Oscar Rossini, Vice President Business Development at Target Logistics, stated, "we will focus on aiding the selling efforts at the L'Occitane stores by ensuring both their top of the line beauty products and marketing aids like in-store displays, will be delivered on time, safely and in pristine condition."

Rossini noted that L'Occitane is one of the fastest growing companies in the making and distribution of luxury beauty care products. "Target expects to facilitate that growth," he emphasized.

Chris Halkyard, Vice President Supply Chain & Logistics at L'Occitane, stated, "as a purveyor of the finest quality beauty products, L'Occitane requires a transport provider who offers similar high standards in meeting the diverse logistic needs of our rapidly expanding company. We believe Target Logistic Services has the expert personnel, the physical facilities and advanced technological capabilities to fulfill our supply chain objectives."

Target Logistic Services provides total logistics support and freight forwarding services to a broad range of domestic and international customers. Started in 1970, the company now exceeds $175 million in annual revenues. It has facilities in 200 domestic airport cities and offices/agents in more than 80 nations. Target is a subsidiary of Target Logistics, Inc., a publicly held company listed on the American Stock Exchange.

L'Occitane is dedicated to recreating the colors, scents and traditions of Provence by developing beauty, skincare and fragrance products for men, women and the home. Founded in 1976 in the Provence region of France, L'Occitne has been a fixture in nearly every French home for over a decade. L'Occitane is in the midst of rapid expansion in the U.S. that will place its Provencal boutiques in luxury shopping areas nationwide.

Link

[slow_feet]

> PS- I didn't know either- I think thestreet is
> Cramer's deal, and I am not a fan.

I'm not a fan of Cramer either.

[scubavol]

PS- I didn't know either- I think thestreet is Cramer's deal, and I am not a fan.

[scubavol]

No sweat! Pull up the detailed quote and it should be there on the right under Reports and Ratings.

[slow_feet]

scubavol,

Thanks! I appreciate you taking the time to post that info.

I have a TD_Ameritrade account as well...
I'll have to track down that PDF and give it a read. I was
unaware that I could obtain TheStreet data through TDA.

Thanks again.

[scubavol]

>lol -- I'm no TA guy!

Oh- I figgered with all them fancy Ross Perot charts on the board masthead... :)

>I think it must be a "pay service".

I think so. It was free in my Ameritrade account. Looks like the Readers Digest version is here:

http://ratings.thestreet.com/tools/basic/ratings.html?s=tlg

Lets see what I can do with the high points from the pdf --

RECOMMENDATION
We rate TARGET LOGISTICS INC (TLG) a BUY. This is driven by some important positives, which we believe
should have a greater impact than any weaknesses, and should give investors a better performance
opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its
revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel
these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

HIGHLIGHTS
Despite its growing revenue, the company underperformed as compared with the industry average of 5.3%.
Since the same quarter one year prior, revenues slightly increased by 1.8%. This growth in revenue does not
appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
Although TLG's debt-to-equity ratio of 0.28 is very low, it is currently higher than that of the industry average.
Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.18, which
illustrates the ability to avoid short-term cash problems.
TARGET LOGISTICS INC's earnings per share declined by 40.0% in the most recent quarter compared to the
same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely
to report a decline in earnings in the coming year. During the past fiscal year, TARGET LOGISTICS INC
increased its bottom line by earning $0.13 versus $0.07 in the prior year. This year, the market expects
earnings to be in line with last year ($0.13 versus $0.13).
Net operating cash flow has declined marginally to $3.62 million or 7.56% when compared to the same quarter
last year. Despite a decrease in cash flow TARGET LOGISTICS INC is still fairing well by exceeding its
industry average cash flow growth rate of -55.77%.
In its most recent trading session, TLG has closed at a price level that was not very different from its closing
price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors.
Despite the stock's decline during the last year, it is still somewhat more expensive (in proportion to its
earnings over the last year) than most other stocks in its industry. We feel, however, that other strengths this
company displays offset this slight negative.


INDUSTRY ANALYSIS
The Air Freight and Logistics industry provides insight into and is a great indicator of the strength of the U.S.
Economy like no other industry. National security risks and global terrorism add volatility to the Air Freight
Transport and Logistics industry and these media-driven events can overshadow industry fundamentals. A
slow recovery from troubled times appears to be occurring in this line of business. Two of the major players
in this industry are UPS and FedEx.
Some of the difficulties that remain for those companies in the Air Freight and Logistics industry are the
continued fuel price level and volatility, which make costs uncertain and with oil prices hitting the $70 a barrel
level, profits could become strained. The high cost of fuel drives the industry’s retirement of old inefficient
aircraft as it creates increased demand for new, more fuel efficient aircraft. Further challenges for this
industry may continue to exist if more terrorist-related events occur and security costs become a more
prevalent issue for the U.S. economy.
The increase in globalization is driving industry growth in the near term and should continue to experience
high levels of trade related shipments through the distant future. The major trend that has been rising in this
industry is the growth in air freight due to increased exports from the Asian, African, and Middle Eastern
regions to North America and Western Europe. One of the most significant driving forces behind the increase
in global air freight is China. Not only does China account for a healthy portion of the westbound
trans-pacific traffic. It also accounts for close to half of the eastbound trans-pacific traffic, further displaying
its importance in the growth of this industry. These new and growing relationships push this industry forward
by allowing those companies in this industry to succeed despite the higher fuel prices and other challenges.


STOCK-AT-A-GLANCE
Below is a summary of the major fundamental and technical factors we consider when determining our
overall recommendation of TLG shares. It is provided in order to give you a deeper understanding of our
rating methodology as well as to paint a more complete picture of a stock's strengths and weaknesses. It is
important to note, however, that these factors only tell part of the story. To gain an even more comprehensive
understanding of our stance on the stock, these factors must be assessed in combination with the stock’s
valuation. Please refer to our Valuation section on page 5 for further information.

FACTOR SCORE
Growth out of 5 stars 3.5
Measures the growth of both the company's income statement and
cash flow. On this factor, TLG has a growth score better than 60% of the
stocks we rate.
weak strong

Total Return out of 5 stars 2.5
Measures the historical price movement of the stock. The stock
performance of this company has beaten 40% of the companies we
cover.
weak strong

Efficiency out of 5 stars 3.5
Measures the strength and historic growth of a company's return on
invested capital. The company has generated more income per dollar of
capital than 60% of the companies we review.
weak strong

Price volatility out of 5 stars 3.0
Measures the volatility of the company's stock price historically. The
stock is less volatile than 50% of the stocks we monitor.
weak strong

Solvency out of 5 stars 2.0
Measures the solvency of the company based on several ratios. The
company is more solvent than 30% of the companies we analyze.
weak strong

Income out of 5 stars 0.5
Measures dividend yield and payouts to shareholders. This company
pays no dividends.
weak strong

THESTREET.COM RATINGS RESEARCH METHODOLOGY
TheStreet.com Ratings' stock model projects a stock's total return potential over a 12-month period including
both price appreciation and dividends. Our Buy, Hold or Sell ratings designate how we expect these stocks to
perform against a general benchmark of the equities market and interest rates. While our model is
quantitative, it utilizes both subjective and objective elements. For instance, subjective elements include
expected equities market returns, future interest rates, implied industry outlook and forecasted company
earnings. Objective elements include volatility of past operating revenues, financial strength, and company
cash flows.
Our model gauges the relationship between risk and reward in several ways, including: the pricing drawdown
as compared to potential profit volatility, i.e.how much one is willing to risk in order to earn profits; the level of
acceptable volatility for highly performing stocks; the current valuation as compared to projected earnings
growth; and the financial strength of the underlying company as compared to its stock's valuation as
compared to projected earnings growth; and the financial strength of the underlying company as compared
to its stock's performance. These and many more derived observations are then combined, ranked, weighted,
and scenario-tested to create a more complete analysis. The result is a systematic and disciplined method of
selecting stocks.

FINANCIAL ANALYSIS
TARGET LOGISTICS INC's gross profit margin for the second quarter of its fiscal year 2007 is essentially
unchanged when compared to the same period a year ago. Even though sales increased, the net income has
decreased. TARGET LOGISTICS INC has average liquidity. Currently, the Quick Ratio is 1.18 which shows that
technically this company has the ability to cover short-term cash needs. The company's liquidity has
increased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 10.33% from the same quarter last
year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face
financial difficulties in the near future.

VALUATION
BUY. TARGET LOGISTICS INC's P/E ratio indicates a premium compared to an average of 21.23 for the Air
Freight & Logistics industry and a premium compared to the S&P 500 average of 17.87. To use another
comparison, its price-to-book ratio of 1.91 indicates a discount versus the S&P 500 average of 2.83 and a
significant discount versus the industry average of 4.86. The price-to-sales ratio is well below both the S&P
500 average and the industry average, indicating a discount.

[slow_feet]

> We seem to be moving slowly but surely the right direction.
> I would think this would look like a pretty good chart if I
> were a TA guy... watcha think?

lol -- I'm no TA guy! I figured the recent pps appreciation
was due due to that "thestreet" rec that you mentioned. Do you
have the text of that rec? I think it must be a "pay service".

[scubavol]

We seem to be moving slowly but surely the right direction. I would think this would look like a pretty good chart if I were a TA guy... watcha think?

[scubavol]

thestreet.com upgraded to buy in 2/27 report. Target price 2.77.

[slow_feet]

Target Logistics, Inc. Announces 2007 Second Quarter Results

BALTIMORE--(Business Wire)--Target Logistics, Inc. (Amex: TLG), a domestic and international freight forwarder and logistics provider, today announced net income for the second quarter of FY 2007, ended December 31, 2006, of $589,504 or $.03 per diluted and basic share, compared to $976,314 or $.05 per diluted and basic share reported in the second quarter ended December 31, 2005. Second quarter revenue was $47.6 million, compared to the $46.7 million reported in the comparable 2006 fiscal period.

Operating income for the FY 2007 second quarter was $1,115,275 compared to the $1,767,117 reported in the comparable FY 2006 second quarter.

For the six month period ended December 31, 2006, net income was $866,456 or, $0.04 per basic and diluted share compared to $1.453 million, or $.07 per diluted share ($0.08 per basic share) for the six month period ended December 31, 2005. Six month revenue increased 10% to $91.0 million from the $82.8 million reported in the comparable FY 2006 period.

Operating income for the six month period of FY 2007 was $1,685,227 compared to the $2,647,636 reported in the FY 2006 comparable six month period.

"Although we had indicated that the first half of FY 2007 would be challenging, it was more so, given the absence of the normal peak season in the second quarter, which occurred throughout our industry," said Stuart Hettleman, President and CEO. "Coupled with a difficult comparison with Q2 FY 2006 -- a very strong period for Target -- revenue for the quarter rose only 2%.

"Despite our disappointing first six months, management views the second half of FY '07 as a much stronger period for Target. This outlook is based on a number of factors: We have gained a number of new accounts, have a number of important new accounts pending and are expecting an increase in freight volume from existing clients. In addition, the acquisition we made in July of 2006 in our New York City station -- whose performance had negatively impacted gross margins and net income and whose improvement I had indicated was an important priority -- turned profitable in December. The performance of this important Target station should progress further for the remainder of the year. Finally, Target's October 2006 acquisition in Albany, New York, has been fully integrated and was accretive to earnings during its first quarter of operations.

"Accordingly, we are reaffirming our guidance for FY 2007," concluded Mr. Hettleman. "We expect revenue to grow 15-22% for the year, and fully diluted earnings per share of $0.12 to $0.15."

Philip Dubato, Chief Financial Officer of Target Logistics said, "As of December 31, 2006, we had over $16.9 million in cash and available credit to support our plans for growth. Our credit facility comes up for renewal this March and due to our 17 consecutive profitable quarters and the continual improvement to our balance sheet over the past 3 years, we are confident that we will be able to obtain more favorable terms and provide greater flexibility to our credit facility which will further support our strategies for internal growth and ability to make additional strategic acquisitions."

Target Logistics will hold a conference call at 4:00 PM. ET on Thursday, February 1, 2007. Interested parties are invited to listen to the call live, over the Internet at www.targetlogistics.com. The live call may also be accessed at http://phx.corporate-ir.net/playerlink.zhtml?c=62341&s=wm&e=1465749. The call will also be available by dialing [phone], or for international callers, [phone] and by using the confirmation code 59842221. A replay of the teleconference will be available until February 14, 2007 at www.targetlogistics.com. A replay will also be available by dialing [phone] (domestic) or [phone] (international) and by using confirmation code 18159204.

Target Logistics, Inc. provides domestic and international time definite freight forwarding and logistics services through its wholly owned subsidiary, Target Logistic Services, Inc. Target has a network of offices in 35 cities throughout the United States and a worldwide agent network with coverage in over 70 countries. Its freight forwarding services include arranging for the total transport of customers' freight, including providing door to door service, distributions and reverse logistics.

Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Although Target Logistics believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projections.

-0- *T

 
                Target Logistics, Inc. and Subsidiaries  
                 Consolidated Statements of Operations  
                              (unaudited)  
  
                       Three months ended         Six months ended  
                          December 31,              December 31,  
                    ---------------------------------------------------  
                        2006         2005         2006         2005  
                    ------------ ------------ ------------ ------------  
  
 Operating revenues $47,550,567  $46,704,140  $90,998,629  $82,849,925  
 Cost of  
  transportation     33,644,422   32,497,640   64,213,040   56,802,839  
                    ------------ ------------ ------------ ------------  
    Gross profit     13,906,145   14,206,500   26,785,589   26,047,086  
  
 Selling, general  
  and  
  administrative  
  expenses  
  ("SG&A"): Target subsidiary  
  (exclusive  
  forwarder  
  commissions)        4,241,084    4,887,904    8,481,904    8,785,827  
 SG&A - Target  
  subsidiary          8,027,904    7,016,417   15,644,476   13,668,280  
 SG&A - Corporate       297,190      376,348      572,907      664,507  
 Depreciation and  
  amortization          224,692      158,714      401,075      280,836  
                    ------------ ------------ ------------ ------------  
    Selling,  
     general and  
     administrative  
     expenses        12,790,870   12,439,383   25,100,362   23,399,450  
  
 Operating income     1,115,275    1,767,117    1,685,227    2,647,636  
  
 Other income  
  (expense):  
    Interest  
     (expense)          (50,865)     (43,825)     (84,114)     (77,908)  
                    ------------ ------------ ------------ ------------  
  
 Income before  
  taxes               1,064,410    1,723,292    1,601,113    2,569,728  
    Provision for  
     income taxes       474,906      746,978      734,657    1,116,336  
                    ------------ ------------ ------------ ------------  
 Net income         $   589,504  $   976,314  $   866,456  $ 1,453,392  
                    ------------ ------------ ------------ ------------  
  
 Preferred stock  
  dividends              62,145      103,902       62,145      231,079  
                    ------------ ------------ ------------ ------------  
 Net income  
  applicable to  
  common  
  shareholders      $   527,359  $   872,412  $   804,311  $ 1,222,313  
                    ------------ ------------ ------------ ------------  
  
 Net Income per  
  share  
  attributable to  
  common  
  shareholders:  
    Basic           $      0.03  $      0.05  $      0.04  $      0.08  
                    ------------ ------------ ------------ ------------  
    Diluted         $      0.03  $      0.05  $      0.04  $      0.07  
                    ------------ ------------ ------------ ------------  
  
 Weighted average  
  shares  
  outstanding:  
    Basic            18,076,735   16,070,811   18,027,007   15,964,619  
                    ------------ ------------ ------------ ------------  
    Diluted          21,480,385   21,490,385   21,480,385   21,490,343  
                    ------------ ------------ ------------ ------------ *T  
  
 -0- *T  
              Target Logistics, Inc. and Subsidiaries  
                    Selected Balance Sheet Data  
  
                               December 31,           June 30,  
                                  2006                 2006  
                             ----------------     ----------------  
                                (unaudited)           (audited)  
  
 Cash and Cash Equivalents    $    8,164,724       $    7,015,018  
  
 Total Current Assets         $   37,287,565       $   29,797,740  
  
 Total Assets                 $   53,414,232       $   45,250,881  
  
 Current Liabilities          $   30,467,054       $   23,014,672  
  
 Long Term Liabilities        $      344,607       $      555,199  
  
 Working Capital              $    6,820,511       $    6,783,068  
  
 Shareholders' Equity         $   22,602,571       $   21,681,010  
  
 Credit Line Availability     $    8,778,871       $   11,274,357 *T  
 

[slow_feet]

Should be an earnings release this morning, between 8:30AM-9:00AM if history repeats itself.

One year ago was 46.7M rev w/ 976k net income.

http://finance.yahoo.com/q/is?s=TLG

[slow_feet]

Morning Scubavol,
Yeak, I picked up a little on some fills in Dec. -- only about 4k shares though, I was low-balling it mostly. I'm only holding ~90k shares now. This past year, TARG has been berry berry good for me...I hope we have exciting 07 as well.

[scubavol]

Did you end up buying any back during the December slide?

Happy New Year!

[slow_feet]

> I have started slowly picking up some more as it dips on
> low volume, starting in the 2.30's. Figure you're right
> about the acquisition effect on Q1; hope you're right about
> the short time to digest! Regardless, I'm semi-sorta-fairly
> patient.

Morning Scubavol,

Over the past 3 years, TARG has become profitable through acquisition. They have a lot of experience doing this sort of thing. This Discovery acqusition is the first one, in the past few years, that appears to have given them some indigestion. I think I posted something about valuation this past spring, before the wild summer ride -- that the pps should be somewhere between 2.50 - 3.50. That's still about right.

If there is some tax-loss selling in the next few weeks, I'll probably get some shares back that I let go this past summer. For short-term players, some cheap shares in the next few weeks, added to next Q's earnings being historically the strongest, a flip in Jan-March would probably be profitable.

A couple of other things to note...

(1) Take a look at the Institutional Holding link in the I-box. A few more small positions have been opened.

(2) Insiders did not sell on this past summer's run. Mr. Coventry, an outside director, executed and sold in early Oct. @ ~2.63, but he always does that. He's been doing that for years. He never holds his exercised shares, no matter what the pps. His selling doesn't concern me. I would only follow suit and sell if Swirnow, Hettleman, and/or Kinderhook/Geocapital started to unload.

[scubavol]

Hi s_f,

I have started slowly picking up some more as it dips on low volume, starting in the 2.30's. Figure you're right about the acquisition effect on Q1; hope you're right about the short time to digest! Regardless, I'm semi-sorta-fairly patient.

[slow_feet]

11/13/06 -- Vietnam on Target


The U.S. Export-Import bank loaned Vietnam Airlines $400 million to help purchase four Boeing 787 airliners. In 2003 Ex-Im financed purchase of four B777-200s. The carrier moves 6.5 million passengers a year and expects to carry 11 million people a year by 2015. Vietnam Airlines plans to double its fleet to 86 planes by 2015 and also has ordered 10 Airbus aircraft, the first of which are expected to arrive later this year.

"Although it may be hard for some Americans to imagine that Vietnam could compete with China, a recent decision by Intel to build a huge microchip facility near Ho Chi Minh City, (SGN) instead of China, demonstrates that Vietnam is becoming a cost effective alternative to China and other Asian nations," Jacky Hien manager of Target Logistics/Sky Logistics Services Ho Chi Minh office told FT.

Lew Coppersmith pioneered Target Air Freight 36 years ago purchasing belly and freighter space wholesale and selling it to shippers retail.

Today, son Chris Coppersmith is president and CEO of Compton, California-based Target Logistics Services with more than 45 offices running the table on all types of value-added logistics worldwide.

"Vietnam serves as a key building block in forging a complete supply chain network in Asia, increasing our worldwide capabilities," Chris Coppersmith said.

Jacky Hien couldn’t agree more.

"Multi-national companies are beginning to realize there are substantial cost advantages here in Vietnam.

"Factory wages average $50 to $60 per month, which is about half that of China and considerably below the 'five tiger' nations of Southeast Asia.

“Added to the labor advantage is a determined effort by the government to develop a modern infrastructure in Vietnam with the building of roads, airports and seaports to facilitate commerce.”

Hien also pointed to the fact that Vietnam has one of the highest rates of growth anywhere on earth with a 7 percent increase in GDP annually for the past fifteen years.

The country will be joining the World Trade Organization at the end of 2006, which Hien believes will make it easier to do business with the country's 84 million people.

The company expects to at least double in size during 2007.

"We are just at the beginning of our growth," Jacky Hien said.

- Link

[slow_feet]

10/17/06 -- CAFTA Non-starter Despite Growth in Central American Trade

MIAMI, OCTOBER 17: Trade between the U.S. and Central America is showing a modicum of growth although the new CAFTA agreement between the U.S. and seven Central American nations is providing no impetus at present to this modest rise in volume.

"CAFTA tpday is more smoke and mirrors than a genuine contribution to U.S.-Central American trade," stated William Casas, District Manager at the Miami office of Target Logistic Services, a leading freight forwarder serving the Central American market. "Other factors are stimulating this small rise in cargo activity including a slowly rising standard of living in the seven nations making up Central America and early stages of industrialization to complement Central America's humongous agricultural base," he asserted.

To participate in this rise in U.S.-Central American trade activity, Target has embarked jointly on an ambitious program to increase its business south of the border. It is coordinating activities with a Central American-based partner, Arce Campos; a leading freight forwarder with headquarters in San Jose, Costa Rica. Target and Arce Campos are winning business by creating cost effective supply chain solutions to shippers both in the U.S. and Central America.

Casas believes the CAFTA agreement, in time, will generate more business between the U.S. and Central America. "But like everything else south of the border, things move slowly," he stated. "There is any number of obstacles to overcome," he said. "Reducing tariffs and simplifying customs regulations is only part of the problem," continued Casas.

He pointed to poverty, still endemic in much of Central America's population despite a modest growth in GDP among the seven nations. "The countries comprising Central America total some 34 million people, slightly more than California's," he said. "Yet, their per capita income is less than one tenth of the Golden State. The region remains overwhelmingly agricultural although the governments in Central America are making concerted efforts to attract industries to their countries." Casas reported that factories making paint, inexpensive apparel, detergents, tires, paper, fertilizers and insecticides have been established in or near urban areas. "These efforts are starting to bear fruit and increased shipments of locally produced industrial goods are beginning to flow northward," stated the Target district manager.

Panama stands somewhat apart from the other six nations of Central America. Principal reason; the Panama Canal. Marine parts and supplies often are required in a hurry for cruise ships and freighters traversing the Canal. Casas notes that a specialty of Target's Miami office is marine shipments--often on an emergency basis. "It is not unusual for our Miami office to receive a phone call at 2 AM from the traffic manager of a cruise line to send 'like yesterday' items needed for one of its ships about to pass through the Canal. These items may consist of anything from multi-ton parts for the ship's propulsion gear to cartons of dishwasher detergent to clean 3,000 piece of cutlery."

Most of the growth in Central American trade is via ocean, with air freight volume generally flat. Target's partner, Arce Campos, reports that volume out of its Limon office, Costa Rica's largest port, is showing solid growth in ocean freight.

Interestingly, air freight volume is more dependent on the service airlines provide rather than strictly economic trends. Because Central America is a relatively small market for passenger traffic, air freight gets relatively short shrift from the combination carriers serving Honduras, El Salvador, Nicaragua, Belize, Panama, Guatemala and Costa Rica. Continental Airlines, the U.S. carrier with the most flights into and out of Central America, flies only narrow bodied 737s and MD-80s with very little space allotted to cargo. Indeed, comments Casas, there often is more cargo stowed in the passenger bins of the airplanes than in their cargo holds. Central Americans returning from the U.S. load up on all types of consumer goods from television sets to toothpaste, he reported.

Central America also is served by a number of all-cargo airlines operating primarily from Miami. These include Tampa Airlines and Amerijet, but these and other carriers, often consigned to "cockroach alley" at Miami Airport, are small, often inadequately capitalized and prone to bankruptcy. They generally fly aircraft including early model 727s and DC-10s that are obsolescent by U.S. airline standards. "They get the job done, however," affirmed Casas.

Target is aided greatly in its Latin American operations by the partnership arrangement with Arce Campos. The San Jose-based forwarder, with more than 100 employees and offices throughout Central America, is a giant in that region's world of freight forwarding. In addition to freight forwarding, Arce Campos acts as a customs broker, does warehousing and inventory control for a number of Target customers. Jointly, the two companies have sufficient forces to generate new business, particularly in the auto parts field. Target recently snagged Mobis Corporation, exclusive distributors in Latin America for Hyundi and Kia auto parts.

While CAFTA currently is generating more attention in political circles rather than on the freight dock, Casas believes the law's intent of stimulating trade between the U.S. and the seven nations of Central America will have a beneficial effect in the not too distant future. "There is reason for optimism," claims the Target district manager. "Our partner, Arce Campos, reports that Central American governments and currencies are more stable than in the past. They tell us there is a growing partnership between governments and private interests to modernize their nations and make them part of the global economy."

Target Logistic Services plans to expand its Miami office to handle increased business both in Central and South America.
- Link

[slow_feet]

scubavol,

I've been taking it easy for 4-5 months, but starting to do some work again. Regarding TARG:

According to the last earnings PR, the negative impact on Q1 earnings were attributed to the Discovery acquisition:

"As a result of the performance of our Discovery Acquisition concluded in July of 2006, our New York Station's profitability compared to the first quarter of fiscal 2006 was negatively impacted. We are taking steps to improve the performance of the Discovery acquisition and believe it will become a positive contributor in the near future."

TARG, historically, has shown they know how to absorb acquisitions rapidly and successfully, so its probably only a short term problem. Although they also have the recent Capitaland Express acquisition from October to deal with as well. How these two factors will impact Q2, ending 12/31/06, is a matter of concern.

The end of year quarter, Q2, has always been their strongest quarter with unusual jumps in revenue and earnings, so we can probably expect next Q's earnings to be strong. Couple this with tax-loss selling due to this year's wild ride over $5 pps, and there will probably be an opportunity in the next 3 weeks to pick up some shares. That's what I plan to do, especially if it has a dramatic break.

[bell345]

0.15 x 20 = 3.00. stock is worth 3.00 at best.

[scubavol]

Target Logistics, Inc. Announces First Quarter Results and FY 2007 Guidance
Thursday November 2, 9:00 am ET

BALTIMORE--(BUSINESS WIRE)--Target Logistics, Inc. (Amex: TLG - News), a domestic and international freight forwarder and logistics provider, today announced that first quarter revenue was $43.4 million, an increase of 20% from the $36.1 million reported in the comparable FY 2006 period, reflecting both organic growth and the acquisition of certain assets of Discovery Air Cargo, Inc., a freight forwarder providing a full range of services to the New York City and Long Island area, completed in July of this year.

Net income for the first quarter ended September 30, 2006 of $276,952 or $.01 per diluted share ($0.02 per basic share) compared to $477,078 or $.02 per diluted share ($0.03 per basic share) reported in the first quarter ended September 30, 2005.

"Our strong top line performance and the trending decline in SG&A as a percentage of revenue continue." said Stuart Hettleman, President and Chief Executive Officer. "However, less than expected revenue with smaller gross profit margins from our Discovery acquisition, a greater percentage of international import revenue overall and a lower amount of domestic value-added services caused gross margins to decline, and led to a reduction in net income for the quarter compared to last year.

"As a result of the performance of our Discovery Acquisition concluded in July of 2006, our New York Station's profitability compared to the first quarter of fiscal 2006 was negatively impacted. We are taking steps to improve the performance of the Discovery acquisition and believe it will become a positive contributor in the near future."

Philip Dubato, Chief Financial Officer of Target Logistics said, "Our balance sheet is solid, with cash and available credit of $14.5 million. In addition SG&A as a percentage of revenue for the quarter was 28.3% compared to 30.3% for the first quarter of fiscal 2006, a continuation of our trend, which is now in its fifth year, of consistent reductions in SG&A as a percentage of revenue."

The company noted that for the year ending June 30, 2007, it expects to see revenue range from $185 million to $195 million, an increase of 15-22%. The Company projects a net profit range of $0.12 to $0.15 per diluted share, compared to $0.13 per diluted share, reported in fiscal 2006.

Target Logistics will hold a conference call at 4:00 PM. ET on Thursday, November 2, 2006. Interested parties are invited to listen to the call live, over the Internet at www.targetlogistics.com. The live call may also be accessed at http://phx.corporate-ir.net/playerlink.zhtml?c=62341&s=wm&e=1406480. The call will also be available by dialing [phone], or for international callers, [phone] and by using the confirmation code 32173091. A replay of the teleconference will be available until December 2, 2006 at www.targetlogistics.com. A replay will also be available by dialing [phone] (domestic) or 617 801 6888 (international) and by using confirmation code 60907828.

[bell345]

TLG upgraded: http://www.knobias.com/research.pdf?id=8108

[bell345]

This stock had a low .11 back in 2002 and they didn't qualify for the AMEX but the AMEX let them be listed anyway because of the superior management and profitability of the company.

[slow_feet]

Carson company makes buy in New York

Los Angeles Business from bizjournals - 10:43 AM PDT Tuesday
by Eric Durr, Albany Business Review

Thomas Valentine, president and owner of Capitaland Express Inc., has sold his Latham, N.Y., freight forwarding company to a subsidiary of Target Logistics Inc.

Capitaland, which was formerly affiliated with Team Worldwide, a Winnsboro, Texas, freight company, had revenues of $10 million during its last fiscal year. The company is now part of Target Logistics Services Inc., a wholly owned subsidiary of the parent corporation, which is located in Carson.

The terms of the deal were not disclosed.

Valentine, who will stay on as general manager of what is now a Target Logistics location, said the sale was a good move for the company and its 14 employees. Capitaland was founded in 1988.

"The way that the global business is moving, an independent company is at an extreme disadvantage from a branding stand point," Valentine said.

"For several years we have been considering what was the right place for our business to be placed and we really, really felt strongly that Target was the place to have a home for the rest of our careers. This is a very strategic move," he said.

In a written statement, Target Logistics CEO Stuart Hettleman said the acquisition was "an excellent opportunity for Target to have a seasoned professional lead a group of veteran employees in a solid market."

Joining Target is "an incredible transaction" for Capitaland's clients because the company has greater access to Asian markets than Team Worldwide did, Valentine said.

"This gives us an advantage that most companies don't have in that area, that translates to benefits for our clients," Valentine said.

Target also has access to proprietary software and IT technology that makes tracking shipments more efficient, Valentine said.

Target has a network of offices in 35 cities throughout the United States and agents in 70 countries.
http://www.bizjournals.com/losangeles/stories/2006/10/02/daily16.html?from_rss=1

[slow_feet]

Another acquisition...

Target Logistics Acquires Assets of Capitaland Express, Inc.

BALTIMORE--(Business Wire)--Target Logistics, Inc. (AMEX:TLG), a domestic and international freight forwarder and logistics provider, today announced that its wholly owned subsidiary Target Logistics Services, Inc. ("TLSI") has acquired certain assets of Capitaland Express, Inc., a freight forwarder based in Albany, New York, which provides a full range of services to the upstate New York area. Capitaland Express had over $10 million of revenue in its fiscal year ended April 30, 2006. Terms of the acquisition were not disclosed.

Capitaland Express was founded in 1988 by Thomas Valentine, who will stay on and continue to oversee operations at the Albany station for TLSI. Capitaland was represented by Herron & Associates LLC in transaction negotiations with Target.

"This acquisition provided an excellent opportunity for Target to have a seasoned professional lead a group of veteran employees in a solid market," Stuart Hettleman, Chief Executive Officer of Target Logistics said. "We welcome Tom and all of Capitaland Express into the Target family, and believe their history of success will continue and be enhanced under the Target umbrella."

"Joining Target Logistics presented an outstanding solution for Capitaland Express to provide the advanced IT benefits that the market requires and for which Target is known," said Thomas Valentine, president of Capitaland. "In addition, the acquisition allows Capitaland to remain--as it has for over eighteen years-- a valued partner with its customers."

Target Logistics, Inc. provides domestic and international time definite freight forwarding and logistics services through its wholly owned subsidiary, Target Logistic Services, Inc. Target has a network of offices in 35 cities throughout the United States and a worldwide agent network with coverage in over 70 countries. Its freight forwarding services include arranging for the total transport of customers' freight, including providing door to door service, distributions and reverse logistics.

Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Although Target Logistics believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projections.

Cameron Associates Paul G. Henning, 212-554-5462 [e-mail]

[scubavol]

That was a gut-wrenching little drop this morning. Kicked in an old order I had open at 2.40.

[bell345]

Research report here: http://www.taglichbrothers.com/equityuniverse/companies/targetlog/targetlog-05222006.pdf

[bell345]

Estimate Is 38.21M Revs And .03 a share for tomorrow: http://finance.yahoo.com/q/ae?s=TLG

[slow_feet]

Here's the list of last year's participants:

Eighth Annual Investor Conference

[bell345]

This could give the stock a little boost and recognition: http://biz.yahoo.com/bw/060831/20060831005360.html?.v=1

[scubavol]

CC 9/6/06.