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Transportation and Logistics Systems, Inc. Announces Preliminary First Quarter 2020 Revenues Increased 49% Over Same Period in
April 28, 2020, 8:00 AM EDT
Transportation and Logistics Systems, Inc. Announces Preliminary First Quarter
2020 Revenues Increased 49% Over Same Period in 2019
Organic Initiatives and COVID-19 Spur Growth
WEST PALM BEACH, FLORIDA, April 28, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE
-- Transportation and Logistics Systems, Inc. (OTC:TLSS), (“TLSS", or the
“Company”), a leading eCommerce fulfillment service provider, announced today
that its preliminary first quarter revenues for the period ended March 31,
2020 increased by approximately $2.8 million, or 49%, to approximately $8.6
million, compared to $5.8 million in revenue reported in the same period in
2019. The Company advises that these numbers have not yet been reviewed by
its auditors due to the pandemic and may be subject to adjustment.
John Mercadante, TLSS Chairman and CEO, indicated that “the increase in
revenues was primarily attributable to:
* the Company’s expansion into new markets in Florida, Georgia, Ohio and
Tennessee during the Fall of 2019;
* securing new sales opportunities;
* a full quarter of its box-truck line of business that commenced in
February 2019; and,
* greater demand for the Company’s services due to the increase in online
ordering as a result of the COVID-19 pandemic.
Mr. Mercadante added, “As the Company continues its aggressive restructuring
efforts to reduce debt and streamline its overhead, our highly talented
operations team, that has extensive eCommerce experience, is keenly focused on
generating new, higher margin revenue. Moreover, we believe that the Company
has successfully built an operational flexibility to quickly respond to new
organic growth opportunities and is well-positioned to capitalize on the
growing eCommerce revolution, as evidenced by its:
o one-stop shopping through our last-mile, mid-mile and line-haul
capabilities which we believe is a very attractive portfolio offering to
new potential customers;
o three (3) warehouse facilities located squarely in the middle of the most
densely populated portion of the country in the New York metropolitan
area. This affords TLSS with significant warehousing and third-party
logistics opportunities, especially since, as delivery speeds increase,
distribution is moving closer and closer to the end user; and,
o a hybrid employment structure which affords TLSS the ability to scale
rapidly during seasonal spikes in volume, without incurring excessive
costs commonly associated with a short-term ramp up. The Company
accomplishes this by strategically utilizing employed drivers to fulfill
our daily commitments and independent contractors to flex up and back down
during seasonal spikes in volume.”
The Company’s final financial results for the first quarter ended March 31,
2020 are expected to be announced in mid-May 2020 and will be filed in its
quarterly 10Q filing with the SEC.
About Transportation and Logistics Systems, Inc.
TLSS operates as a leading logistics and transportation company specializing
in eCommerce fulfillment, last mile, two-person home delivery and line haul
services for the world’s leading online retailers through its wholly-owned
operating subsidiaries, PrimeEFS, LLC and ShypDirect, LLC. For more
information about the Company and its subsidiaries visit the Company’s
website, www.tlssinc.com, or public filings at SEC.gov.
I'm betting the next few PRs are going to show what john and his team have done. Huge debt reduction, GRC trucking finalization, 2 more acquisitions, 1st quarterly 2020 report. John is gonna make a few miss the boat when those PRs come out. Nothing has changed here besides the note that's getting converted. This will dry up and then the sky is the limit.
Just grabbed my position let's go!!
Looks like the machine is running low now.
Wow turn my head for a day and kaboom!! And I never got back in :(
Most of us still believe in this company but I bailed at .135 (took ride from .05-0.27) got back in at 8 sold at 9 today. Sorry but I have to keep my profits. Why would anyone promote a stock we can see is dealing with issues. Once issues are resolved everyone will be back pumping again. Until then this issue needs to be taken care of.
Etrade is showing 0.07
Sporty was not a liar. He presented facts as well as CJ because of their DD a ton of us made money! Day of the 10K he gave his opinion on how it was gonna be perceived then gracefully bowed out. He made his money here and will most likely be back after a turn around. Cant be mad at the man for making money and being honest along the way he even called the drop.
Let's see another 1500% run from here. I'm investing in the new TLSS the one ran buy John a master of acquisitions and a huge player in the transportation industry. The new PRs we get will show what JOHN has been up to!! Buckle up buttercup!
P&D?!? This stock was up 1500%. If you invested 2 weeks ago your still up 200%. RSI was high, BB was high, stop losses were triggered and news was bad as expected (I loved the 10k thoroughness). Stocks dont go straight up we all know that. This is healthy trading. Now just find your entry point.
I took the trip to Kearny Nj. I know what I hold. If they are relying on you for their investment they are doing it wrong. I see what they're building and what they have planned it's not rocket science especially at these levels.
All I did was double my position! :)
Thanks for the cheapies!!!!
Wow!! Revenue increase of 130% = 31million in revs for a pinky and some of yall are trying to act like this is going down? More merger more acquisitions I like it all grow baby grow!!!!
Shorties are scared!!! Their about to lose on this one!!!! Cover while you can js.
The 10k we recieved was the most detailed I've ever seen in pinky land. We are nasdaq bound!!! It begins here!!!
Well let's see how the market feels about it at 9:30am monday!
Good luck covering monday!
Yeah ok... it also took Amazon ten years to be profitable. Considering we have a man at the helm who has plenty of experience I doubt it will take a fraction of that time. With covid helping us our profitable quarter might be right around the corner!!
Whoa what a 10k!!!!! People are really trying to turn this into a bad thing?!?!? This is the most detailed 10k I I've ever seen in a penny stock. 31 million in revs eliminating debt more acquisitions on the way. $$$$$$$$ TLSS $$$$$$$$$$
For my trip today to GRC Trucking how do I add pictures to my post?
I will upload a few pictures I was allowed to take when I get back to Maryland it's wanna be a 2 and a 1/2 hour drive though
So I just left GRC trucking spoke to Chris in person. Put it this way I will be investing more now.
Watch our board leaders pop up after so called dip.
Why the heck is everyone promoting a dip? It's a dirty tactic all of yall are doing to scare people! Know what you own!!!
I'm taking a trip today to Jersey anyone want me to make any stops while I'm there?
Sounds like a long sold! The market is going to move on with or without you.
Woohooo!!! Another 35%!!!
Meh. That's easy money at this point value is 0.61 before any updates.
Poor guy shorted this stock ????????
Hope you dont lose all your money.... sike!
On our way to price correction 0.61 then hopefully the news comes out since that is our true value before 8k, GRC acquisition, 2019 revenues as well as 2020 1st quarterly report!!!!!!
Dollars baby dollars!!!
You sell they buy that's how it works!
It's not fomo/momo its smart investing. Big money absorbs the sells like it's nothing. It's really amazing to watch. The only reason I could justify you buying and selling this stock is you have done zero research. Other than that GL everyone!! TLSS is heading to the big boards like it or not!
I hope you shorts get super squeezed today no mercy!!!!
Either support the price or get left in the dust. If you did sell and have to wait 2 days to buy back in I'm pretty sure that was a mistake. Time will tell
GO TLSS!!!
Wooohooo I was hoping this was before any news and it is!!!
Went from 2c to 7c last week on no news. Where did the support come from? I don't know but it was there in full effect. Someone would dump and someone would be right there to pick the shares up almost instantly.
We are waiting for a few news releases. The end of debt, grc trucking acquisition, annual report as well as quarterly. When these come out there will be no turning back. Blue skys ahead.
Get em while their cheap and hold on to them with your life.
I used to own 77000 shares now I only own 40000 because I thought I was smarter than the market. Use this information as you will.