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Transportation and Logistics Systems Inc. (TLSS)

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tlssinc.com - Home

440 NJ-17, Hasbrouck Heights, NJ 0760

https://tlss-inc.com/

 

https://www.primeefs.com/


http://www.shypdirect.com/

 

Transportation and Logistics Systems, Inc. (TLSS) operates through its Prime EFS and ShypDirect subsidiaries.

Prime EFS is a leading logistics and transportation company that specializes in providing Last Mile, two-person Home Delivery and Line Haul services for some of the world’s leading online retailers. 

ShypDirect operates a fleet of GPS equipped Tractors, Box Trucks and Cargo Van offering delivery services for clients throughout the northeast United States.



tlssinc.com - Contacttlssinc.com - Contacttlssinc.com - Shypdirect





Alfonso Nappi Jr. - Vice President - GRC Trucking Inc. | LinkedIn



 

New acquisition goes thru! GRC Trucking is now a wholly-owned subsidiary of TLSS. 20 more drivers with 32 trucks total. More Amazon, FedEx, UPS and USPS point deliveries.


Both Prime EFS and ShypDirect (both wholly-owned subsidiaries of TLSS) are providers of logistics services for Amazon.com, FedEx and UPS, 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. These are both a wholly-owned subsidiary of publicly-traded company Transportation and Logistics Services, Inc., with 500+ staff and moving towards $60M revenue.





tlssinc.com - HomeHow Stock Loans Work | StockLoan Solutions


As of April 19th, 2019:
Authorized Shares: NA
Shares Outstanding: 11,739,236 (2019)
Float: NA


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.
 
https://www.otcmarkets.com/stock/TLSS/news/story?e&id=1540097

New Investor Relations $TLSS Video

https://www.otcmarkets.com/stock/TLSS/news/story?e&id=1540097

https://www.youtube.com/watch?v=8va2zsmt6p8


Amazon.com: Online Shopping for Electronics, Apparel, Computers ...

April 10th, 2020: CEO Letter to Shareholders
https://www.otcmarkets.com/filing/html?id=14067745&guid=bc1HUaH2vzpki3h#EX99-1_HTM

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. These gains reflected the Company’s expansion into four new states and a large increase in volume from our primary customer, Amazon.

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.

Our expansion in the second half of 2019 reflected our expectation for a very busy holiday season, based upon our relationship and discussions with Amazon. 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

February 25th, 2020: TLSS Enters Into Agreement to Acquire the Assets of GRC Trucking, Inc. (Stock Acquisition; Terms have not been disclosed yet)

Per loadmatch.com, this has been completed.

G R C Trucking, Inc.
div of Transportation and Logistics Systems -TLSS
123 Pennsylvania Avenue
Kearny, NJ 07032 USA

Officers:
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.

Doug Cerny, Board Member, Chief Development Officer Doug joined the Company in April 2019. Doug was the Senior Vice President and General Counsel of Coach USA, Inc. A major portion of the acquisitions completed by Coach USA were through the teamwork of Doug and John Mercadante in conjunction with personnel experienced in financial, integration and human capital management. Doug has extensive experience in mergers and acquisitions and business transactions.

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.

Tim Larkin LinkedIn: 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.
 https://www.linkedin.com/in/timlarkin/


TLSS

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TLSS
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TLSS News: Current Report Filing (8-k) 09/04/2020 05:16:23 PM
TLSS News: Current Report Filing (8-k) 08/17/2020 08:01:07 AM
TLSS News: Quarterly Report (10-q) 08/14/2020 05:18:54 PM
TLSS News: Current Report Filing (8-k) 08/05/2020 06:11:21 AM
TLSS News: Current Report Filing (8-k) 07/24/2020 05:24:24 PM
PostSubject
#33615  Sticky Note 8K Posted Termination of a Material Definitive Agreement zeekhoe 07/23/20 05:32:30 PM
#36958   And if dilution continues it will remain oversold SooS416 09/21/20 12:15:15 PM
#36957   Holiday season around the corner, revenues will start sharky 09/21/20 12:12:51 PM
#36956   With dilution RSI doesn;t matter SooS416 09/21/20 11:53:04 AM
#36954   TLSS 24 million volume 33.16 RSI oversold sharky 09/21/20 11:51:51 AM
#36953   TIMBER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Sonata 09/21/20 11:31:49 AM
#36952   Look like everyone running for the exits already SooS416 09/21/20 11:30:54 AM
#36951   ALPS couldn't resist dumping more SooS416 09/21/20 11:02:03 AM
#36950   TLSS chart: sharky 09/21/20 10:54:26 AM
#36949   TLSS 50ma at .03 sharky 09/21/20 10:38:33 AM
#36948   PAUL hanging at .02 sharky 09/21/20 10:37:57 AM
#36947   ALPS was the diluting MM....nowhere to be seen. JACKPOT 09/21/20 10:30:55 AM
#36946   Great volume to start the week. :) sharky 09/21/20 10:29:32 AM
#36945   cool ty i_like_bb_stock 09/21/20 10:10:10 AM
#36944   Just joking. Between you & sharky, your JACKPOT 09/21/20 10:08:15 AM
#36943   How about this 18%? bonneville 09/21/20 10:05:45 AM
#36942   nope started buying last week probably wednesday didnt i_like_bb_stock 09/21/20 10:03:14 AM
#36941   Been watching this. Interesting IVANj 09/21/20 09:56:57 AM
#36940   Are you following me? lol JACKPOT 09/21/20 09:56:24 AM
#36939   Been accumulating past few days looking ready for i_like_bb_stock 09/21/20 09:53:18 AM
#36938   Where's ALPS? JACKPOT 09/21/20 09:50:42 AM
#36937   join our facebook group say what you want Tdl9586 09/21/20 09:27:59 AM
#36936   Time to get the penny casino rockin' & doogdilinger 09/21/20 09:27:15 AM
#36935   GM sharky agreed! doogdilinger 09/21/20 09:26:42 AM
#36934   GM all, looks like she bottom here IMO sharky 09/21/20 09:18:39 AM
#36933   With the DOW dn 500 and its going Runners123 09/21/20 09:15:25 AM
#36932   There are no shorts, just a massive amount SooS416 09/21/20 08:28:36 AM
#36931   Today should be quite telling right Runners glty doogdilinger 09/21/20 08:25:52 AM
#36930   June & July were beyond monster months this doogdilinger 09/21/20 08:25:26 AM
#36929   Only proven way to squeeze shorts is to doogdilinger 09/21/20 08:23:20 AM
#36928   Have a great day & week everyone! Time doogdilinger 09/21/20 08:22:34 AM
#36927   have to agree with you on that one.. daguk 09/21/20 04:27:52 AM
#36926   I don't know if a short squeeze has ShooterMcGavin3 09/21/20 02:53:37 AM
#36924   short sqeeze xxx96 09/20/20 10:15:00 PM
#36923   95% of these otcbb stocks are corrupt. Even Sonata 09/20/20 10:06:53 PM
#36922   Do you have any proof they are not??? Sonata 09/20/20 07:48:47 PM
#36921   Do you have prove management is using shares bonneville 09/20/20 05:59:13 PM
#36920   There you go!!!! daguk 09/20/20 03:06:41 PM
#36919   Let's just pretend that it is now Monday Sonata 09/20/20 02:43:11 PM
#36918   Why would you buy any at any price? Runners123 09/20/20 02:32:45 PM
#36917   Analysts estimate 18% increase in trucking revenue 3rd Runners123 09/20/20 02:30:12 PM
#36916   2nd qtr saw a 17% drop but when Runners123 09/20/20 02:25:21 PM
#36915   Youre slipping again my friend daguk 09/20/20 02:23:42 PM
#36914   I'll be buying my shares below .01 after Sonata 09/20/20 02:18:12 PM
#36912   keep your fear to your self. xxx96 09/20/20 02:15:42 PM
#36910   rong xxx96 09/20/20 02:13:16 PM
#36908   happy Monday peace. xxx96 09/20/20 02:11:44 PM
#36906   Short Squeeze...LMFAO... Sonata 09/20/20 02:10:09 PM
#36905   https://www.ttnews.com/articles/trucking-rises-meet-unprecedented-challenges-dur Runners123 09/20/20 02:09:33 PM
#36903   looks like it might be a short squeeze Monday. xxx96 09/20/20 02:07:35 PM
#36902   dilution don't see any. xxx96 09/20/20 02:06:16 PM
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