Key Summary of CEO Audio Interview Today
BTGI is transitioning to becoming a 100 million dollar revenue company by the end of 2018, and possibly enter the NASDAQ. Projected revenue for FY2017 is about 25 million dollars, with a minimum of 40 million dollars revenue for FY2018 with the potential to reach 100 million dollars.
The CEO was honest and straight forward during the interview, with no BS.
BUSINESS OUTLOOK
a. Business outlook is upbeat, with a possible revenue touching 100 million dollars by the end of 2018.
b. Two possible acquistions. One is in the trucking business and another one is in product sale but synergisitic to the transportation sector.
c. Exapnding Big Red Transport from 27 trucks currently to 45 trucks and from 45 trailers to 60 trailers.
d. Huge synergy between BT TWISS Truck load shipping and Big Red Transort Less than Truck Load (LTL) delivery. Now BT TWISS can off load their shipment to Big Red in the northeast for distribution. The LTL buisness is a money making machine.
e. Making a deal with Penske Trucking Rental. This is a brilliant move by BTGI. The deal will include truck leasing where penske will take care of maintenance and maintenance inventory. Penske had a total revenue of 5.6 billion dollars in 2016, with 26000 employees.
Debt Reduction/Restructuring
a. Sale of the Health division
b. Sale of the Machinery Division with a potential debt removal of 6.5 million dollars and reduction in expenses nearing $800,000 a year based on current 10QA.
c. Debt restructuring with a potential conversion to preferred A & B shares of 4.6 million dollars for the previous owner of BT Twiss Ron Damico Jr (He did not mention him by name in the interview, see 10QA).
d. Continue to use dilution as a means to pay debt, as needed. The AS will be increased from 900 million to 2 billion shares. This is why we have a public company the CEO stated and I fully agree as long as he is delivering the way he is.
Real Company, Real Business with a Bright Future
AI
