Home > Boards > US OTC > Miscellaneous >

Transportation and Logistics Systems Inc. (TLSS)

Add TLSS Price Alert      Hide Sticky   Hide Intro
Moderator: Bigfootbud, JACKPOT
Search This Board: 
Last Post: 1/27/2022 12:22:27 AM - Followers: 490 - Board type: Free - Posts Today: 9

tlssinc.com - Home
Mining Capital - Lotus Resources debuts shares on the OTCQB as it makes  efforts to revitalize uranium project - Lotus Resources debuts shares on  the OTCQB as it makes efforts to revitalize

440 NJ-17, Hasbrouck Heights, NJ 0760


tlssinc.com - Home

As of January 3, 2022:
Authorized Shares: 10B
Shares Outstanding: 2,918,644,797

Incorporation State: Nevada

Number of Employees (Prime EFS): 400-500 (Depending on what source you reference)
Job Openings: Indeed.com https://www.indeed.com/cmp/Prime-Efs/jobs

2018 Revenue: $18.1M (Audited)
2019 Revenue: $30M+ (Projected May 2020)
TLSS is a revenue-generating company that posted more than $18 million in income in 2018 and is projecting an increase upwards of $60 million for the full-year ending in December of 2019.

New Investor Relations $TLSS Video



April 10th, 2020: CEO Letter to Shareholders

Dear Valued Shareholders,

For Transportation and Logistics Systems, Inc. (the “Company” or “TLSS”), 2019 was a year of both encouraging developments and several challenges.

Revenue more than doubled during the year, reaching $32.0 million, compared to revenue of $18.1 million in 2018. 
While the recent coronavirus pandemic has affected the country in dramatic ways, the Company’s delivery operations on behalf of Amazon and our other customers remain active. Shipping has been classified as an “essential business” and consumers have been increasing their online purchases due to sequestering, leading to growing demand for our services. In fact, Amazon has provided additional financial support to implement an hourly pay rate hike for our van drivers and raised our allowance for leased vans.

The transportation and logistics sector is an integral and growing part of the U.S. economy that has experienced significant growth since the country had emerged from recession. Over the ten years between 2008 and 2017, the industry has grown 12.7% and added 416,316 jobs. This growth outpaced the 5% job growth of the U.S. as a whole over the same time period. With the growing e-commerce sector driving the growth of the logistics market, the U.S. e-commerce industry is expected to register exponential growth going forward and account for 7% of all U.S. retail sales by 2023. Lasting changes to the economy from the effects of the pandemic may accelerate this growth.

 As such, the Company increased its number of vehicles, drivers, and independent contract drivers in anticipation of an increase in business during the holiday shopping season. In addition, the Company opened several new locations in the States of Georgia, Florida, Ohio and Tennessee, during the months of October through December 2019, adding to our existing locations in New Jersey, New York and Pennsylvania. This expansion contributed to the $10.0 million of revenue generated during the final quarter of 2019, which was nearly one-third of total revenue for the year.

March 31st, 2020: TLSS Implements $1.0 Million In Cost Reductions
Latest Restructuring Initiatives Target Overhead Expenses to Improve Operating Margins

WEST PALM BEACH, FLORIDA, March 31, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Transportation and Logistics Systems, Inc. (OTC: TLSS), (“TLSS", or the “Company"), a leading eCommerce fulfillment service provider, announced today its latest action to improve its overall financial condition. To strengthen the Company’s financial foundation, TLSS is implementing cost-cutting measures to reduce its annualized operating, administrative and corporate expenses by approximately $1.0 million, without any reduction in its employed drivers, the majority of which are effective immediately.
Sebastian Giordano, TLSS’ turnaround and restructuring consultant, indicated that “on the heels of last week’s announcement of a settlement agreement for outstanding merchant credit advances that will reduce and eliminate approximately $1.7 million of high-interest debt when completed, management and the Board of Directors are continuing to evaluate all opportunities to restructure the Company’s balance sheet and improve current operating results. The Company believes that these expense reductions are a significant step towards achieving that objective.”

March 24th, 2020: TLSS Announces $1.7 Million in Debt Settlement Agreements

Transportation and Logistics Systems, Inc. (OTC: TLSS), (“TLSS", or the “Company"), a leading eCommerce fulfillment service provider, announced today that it has entered into several debt settlement agreements which, when finalized, will eliminate a total of approximately $1.7 million of high interest rate loans.
The settlements include four (4) outstanding merchant credit advance loans in the aggregate amount of approximately $1,600,000 and a Senior Secured Promissory Note (“Secured Note”) in the approximate amount of $100,000 as well as the cancellation of 40,300 common stock warrants that were issued in connection with the Secured Note. TLSS will pay approximately $1,100,000, in the aggregate, to settle the debts (together, the “Debt Settlements”). Once completed, the Debt Settlements will also eliminate all default penalties, unpaid accrued interest, legal fees and other charges that could have been assessed on these debt instruments.
According to Sebastian Giordano, who was recently engaged as a turnaround and restructuring consultant and who negotiated the Debt Settlements, “TLSS’s cashflow has been severely hampered during the last several months by these high-interest loans which required the Company to make payments of over $500,000 per month in principal and interest. While more work remains to be done to stabilize the Company’s balance sheet, these discounted settlements are a significant first step toward improving the Company’s financial condition.”

March 19th, 2020: Transportation and Logistics Systems, Inc. Expands Operations to Accommodate Increased ECommerce DemandMarch 10th, 2020: TLSS Engages Sebastian Giordano as Turnaround and Restructuring Consultant

Mr. Giordano has more than thirty-years of strategic, operational and operations experience in leading start-up businesses, turnaround situations and emerging growth companies, as well as an extensive background with public companies, mergers and acquisitions and capital raising. In February 2013, Mr. Giordano joined WPCS International Incorporated as a member of its board of directors. He was subsequently named Interim Chief Executive Officer in August 2013 and Chief Executive Officer in April 2016, while leading a successful restructuring of WPCS, primarily through the: (i) sale and/or closing of unprofitable business units; (ii) reduction of millions of dollars in administrative costs; and (iii) elimination of all secured debt. This restructuring culminated in the completion of a reverse merger with DropCar, Inc. (NASDAQ: DCAR). Mr. Giordano currently serves on the board of directors of DCAR and following the reverse merger, provided consulting services to DCAR from July 2018 to March 2019.

March 3rd, 2020: TLSS Selects PCG Advisory for Investor Relations and Strategic Communications

Jeff Ramson, Founder and Chief Executive Officer of PCG Advisory, commented, "The logistics and transportation industry is an important and growing part of the U.S. economy. The sector has experienced significant growth in the ten years since the country has emerged from recession, growing 12.7% between 2008 and 2017 and adding 416,316 jobs. This outpaced the 5% job growth of the U.S. as a whole over the same time period. With the growing e-commerce sector driving the growth of the logistics market, the U.S. e-commerce industry is expected to register an exponential growth rate and account for 7% of all U.S. retail sales by 2023. We believe that TLSS can benefit from these trends and we look forward to executing a strategic communications program for them.”

List of PCG Clients & Publicly Traded Companies: https://pcgadvisory.com/clients/public-company-clients/
February 25th, 2020: New Investor Relations Video Uploaded https://www.youtube.com/watch?v=8va2zsmt6p8

John Mercadante, Chairman of the Board, President and Chief Executive Officer John cofounded Leisure Line, Inc., a motor coach company serving New York City and Atlantic City, New Jersey, in 1970 and served as the Chief Executive Officer for a ten year period through the sale of the company to Golden Nugget in 1980. At the time of the sale Leisure Line was generating approximately $11 million in annual revenues. In 1988 John cofounded Cape Transit, Inc., a motor coach company servicing Atlantic City, Philadelphia and South New Jersey. Under John’s leadership as CEO, annual revenues at Cape Transit grew from $2 million to more than $11 million. In May 1996, Cape Transit became one of the founding companies of Coach USA, Inc. and John Mercadante became Coach USA’s President and Chief Operating Officer. Coach USA had over 70 acquisitions during the three year period following their 1996 IPO. John was an integral part of growing Coach’s annual revenues from $100 million to over $1 billion in revenues in just three years. John has personally invested over $2 million in Prime EFS.

Tim Larkin, CFO for Prime EFS, LLC Subsidiary Tim joined in November 2018. Tim was Executive Vice President and Chief Financial Officer of Warren Resources, Inc. for 19 years. Warren is a Nasdaq-listed oil and gas producer that reached market capitalization of $1.0 billion under his tenure. Tim was also a CPA at Deloitte and Touche for six years.

PRIME EFS is a startup provider of logistics services for Amazon.com, including “last-mile” deliveries to residential and business locations as well as deliveries between Amazon sort centers and deliveries from Amazon sort centers to post offices. I lead all accounting and financial reporting functions for a wholly-owned subsidiary of publicly-traded company Transportation and Logistics Services, Inc., with responsibility for 500+ staff and $60M in projected revenue for 2019.


TLSS Closes Cougar Express Acquisition

March 25, 2021
Company Raises $2,300,000 to Fund Its 2nd Acquisition in First Quarter of 2021

JUPITER, FL / ACCESSWIRE / March 25, 2021 / Transportation and Logistics Systems, Inc. (OTC PINK:TLSS)("TLSS", or the "Company"), an eCommerce fulfillment service provider, today announced that on March 24, 2021, the Company acquired all of the outstanding stock of Cougar Express, Inc., a New York-based full-service logistics provider specializing in pickup, warehousing and delivery services in the tri-state area over the past 30 years ("Cougar Express"). Cougar Express' annual revenues have averaged approximately $4.0 million a year from 2018 to 2020. Acquired on a debt-free basis, the purchase price was $2,000,000 of cash and a promissory note of $350,000 ("Cougar Acquisition").

"" rel="nofollow noopener noreferrer ugc" target="_blank">https://media.zenfs.com/en/accesswire.ca/2ab9f6de27f1ca4ac12abda1e79dafc1"; rel="nofollow noopener noreferrer ugc" target="_blank">"" rel="nofollow" target="_blank">https://s.yimg.com/uu/api/res/1.2/QODM6cE14PsHkTk.9icn3g--~B/aD0xOTM7dz05Nzg7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/accesswire.ca/2ab9f6de27f1ca4ac12abda1e79dafc1" style="animation:100ms ease 0s 1 normal none running fade; border-radius:8px; border:none; height:auto; left:324.906px; max-width:100%; min-height:1px; min-width:1px; position:absolute; top:0px; transform:translate(-50%, 0px); vertical-align:bottom">

According to Mr. John Mercadante, TLSS Chairman and CEO, "The overwhelming success of our restructuring efforts has paved the way for the Company to begin its revamped acquisition and growth strategy. On the heels of the recent acquisition of the operations of Double D Trucking, the closing of the Cougar Acquisition brings on board another long-established, well-run, profitable business."

In addition, the Company closed an equity financing that provided gross proceeds of $2,300,000, the majority of which was utilized to fund the cash portion of the Cougar Acquisition. Under the terms of a Securities Purchase Agreement, the Company issued to certain accredited investors in a private placement an aggregate of 197,044 units (the "Units") at a purchase price of $11.67 per Unit (including a 12.5% original issue discount), each consisting of one share of Series E Convertible Preferred Stock of the Company, par value $0.0001 per share ("Series E Shares"), and warrants to purchase 1,334 shares of common stock of the Company, par value $0.0001 per share ("Common Stock"), at an initial exercise price, subject to adjustment, of $0.01 per share.

About Transportation and Logistics Systems, Inc.

TLSS, through its wholly-owned operating subsidiaries, Shypdirect LLC, Shyp FX, Inc. and Cougar Express, Inc. operates as a full-service logistics and transportation company.

For more information, visit the Company's website, www.tlss-inc.com.



Current Price
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
TLSS News: Current Report Filing (8-k) 01/26/2022 04:16:10 AM
TLSS News: Small Company Offering and Sale of Securities Without Registration (d) 01/13/2022 01:01:29 AM
TLSS News: Current Report Filing (8-k) 01/07/2022 04:16:27 AM
TLSS News: James Giordano is the new finance chief of Transportation and Logistics Systems 01/07/2022 03:20:03 AM
TLSS News: James Giordano is the new finance chief of Transportation and Logistics Systems 01/07/2022 03:19:16 AM
News News Alert: Current Report Filing (8-k) 01/26/2022 04:16:10 AM
#41525   IMO, acquisitions run the stock to .20 then JACKPOT 01/27/22 12:26:50 AM
#41524   I suggest everyone go on redit board click jonsmile 01/27/22 12:22:27 AM
#41523   Then great let them announce it so they jonsmile 01/27/22 12:21:13 AM
#41522   Read the damn letter AGAIN...it spells it out JACKPOT 01/27/22 12:20:21 AM
#41521   Yes IMO ( Doesn’t mean there not going jonsmile 01/27/22 12:18:37 AM
#41520   "SalSon deal is off the table"? Come'on man! JACKPOT 01/27/22 12:16:58 AM
#41519   Never wasn’t just call it like it is jonsmile 01/27/22 12:13:38 AM
#41518   Back to bullish? LMAO JACKPOT 01/27/22 12:12:32 AM
#41517   Some caught this on redit read this dude jonsmile 01/27/22 12:04:57 AM
#41516   Love it, I never even expected them to PennyStockTrader2 01/26/22 11:21:26 PM
#41515   What did Michael Eisner know about amusement parks? JACKPOT 01/26/22 09:37:51 PM
#41513   The balance of 2022 will be driven, to JACKPOT 01/26/22 08:42:42 PM
#41512   "As a result, our current list of viable jonsmile 01/26/22 08:35:51 PM
#41511   Great read found this on redit tonight https://www.sec.gov/Archives/edgar/data jonsmile 01/26/22 08:34:40 PM
#41510   It's starting to be stellar! This one is msripley 01/26/22 08:26:42 PM
#41509   Giordano eliminated over 20 million debt and cleaned JACKPOT 01/26/22 08:19:47 PM
#41508   Not me I’m out on next run this jonsmile 01/26/22 07:54:09 PM
#41506   Happy with the raise. Definitely floor range here Tex18 01/26/22 07:15:23 PM
#41505   I know bud! Just couldn’t resist Tex18 01/26/22 07:14:07 PM
#41504   U know what I meant not that many jonsmile 01/26/22 07:13:36 PM
#41503   Aabb sitting on 70 mil lol. Kid stervix or Tex18 01/26/22 07:11:03 PM
#41502   Name on other penny stock that is sitting jonsmile 01/26/22 06:18:04 PM
#41501   Experts my ass. Just puppets of Giordana steveruss 01/26/22 06:14:06 PM
#41500   That’s what’s called “promotion” … constant flow of steveruss 01/26/22 06:13:03 PM
#41498   HaHa! "I just grip it and rip it" Vebo 01/26/22 04:54:34 PM
#41497   https://investorshub.advfn.com/uimage/uploads/2022/1/26/TPQGGVAUVTAMWVKZXBY JACKPOT 01/26/22 02:59:48 PM
#41496   Key words: working capital that will enable us Tex18 01/26/22 02:26:30 PM
#41495   You can derelict my balls Tex18 01/26/22 02:25:16 PM
#41494   I would rather see them focused on logistics LandToSea 01/26/22 12:24:15 PM
#41493   It's just a waiting game now. I am jonsmile 01/26/22 12:18:16 PM
#41492   I like the news. More experts joining the jonsmile 01/26/22 12:14:00 PM
#41491   Seems Sebastian likes to keep things transparent because jonsmile 01/26/22 12:12:34 PM
#41490   According to Chairman and CEO Sebastian Giordano, "This jonsmile 01/26/22 12:11:59 PM
#41489   I got this from the Reddit board : A jonsmile 01/26/22 12:11:09 PM
#41488   Transportation and Logistics Systems, Inc. Adds $700,000 in JACKPOT 01/26/22 12:01:36 PM
#41487   Mr. John Mercadante, former Chairman and Chief Executive jonsmile 01/26/22 12:01:32 PM
#41486   The Company shall use the proceeds for working jonsmile 01/26/22 11:59:32 AM
#41485   TLSS news this AM was pretty solid Transportation jonsmile 01/26/22 11:56:58 AM
#41484   Welcome aboard Steelyd3 01/26/22 10:17:51 AM
#41483   10 % to a scum bag broker by steveruss 01/26/22 10:14:38 AM
#41482   JOHN MERCADANTE WHO WAS BROUGHT IN TO RUN steveruss 01/26/22 09:59:50 AM
#41479   https://www.sec.gov/Archives/edgar/data/0001463208/000146320822000001/xslFormDX0 steveruss 01/26/22 09:57:38 AM
#41478   Dumass Steelyd3 01/26/22 09:38:48 AM
#41477   He doesn’t have a clue what he is jonsmile 01/25/22 11:26:14 PM
#41476   LMAO JACKPOT 01/25/22 11:02:39 PM
#41475   Who is Jack Mercadante? NlikeFlynn 01/25/22 10:55:50 PM
#41474   Picked up 150K today in the .011x just PennyStockTrader2 01/25/22 07:33:52 PM
#41473   Ignore him. Anyone calling TLSS a scam is clueless. JACKPOT 01/25/22 06:17:00 PM
#41472   10% of what money? shares? outstanding shares ? jonsmile 01/25/22 06:15:42 PM
#41471   Not its not you dope. For a penny PennyStockTrader2 01/25/22 06:11:09 PM
Consent Preferences