World Logistics Services Inc. (fka WLSV)

[Vigo]

MUST READ - Take a look at this about Federal Logistics, Inc.:

http://www.sec.gov/Archives/edgar/data/1070799/000107878209001529/optimized8ka2092809ex996.htm @ page F-10

NOTE 3 - RELATED PARTY TRANSACTIONS


The Company is a 100% owned subsidiary of World Logistics Services, Inc. The parent company loans money to the subsidiary as working capital advances with no stated terms of repayment. At June 30, 2008, the Company owed $11,745 to the parent.


The Company has received loans as working capital advances from Logistics Software, Inc. which is also a 100% owned subsidiary of World Logistics Services, Inc. The are no stated terms of repayment. At June 30, 2008, the Company owed $13,981 to this company.



NOTE 4 - INCOME TAXES (@ page F-11)


The Company experienced a net operating loss for federal income tax purposes for the fiscal year ended June 30, 2008. The Company will take part in the filing of a consolidated income tax return and this loss will be utilized by the consolidated group to offset income from the parent and other subsidiaries.

This is how a consolidated balance sheet works. So OPTZ net loss is compensated with net incomes in the consolidated balance sheet of WLSV.

It's quite simple.