Transportation and Logistics Systems Inc (TLSS)

[Boosted2gGSX]

This doesnt seem good.


On June 19, 2020, Amazon Logistics, Inc. (“Amazon”) notified Prime EFS in writing, that Amazon does not intend to renew its Delivery Service Partner (DSP) Agreement with Prime EFS when that agreement (the “In-Force Agreement”) expires. Amazon stated that it believes the In-Force Agreement expires on September 30, 2020. Prime EFS, however, strongly disagrees with Amazon’s position in this regard and believes it has a strong argument that the In-Force Agreement does not expire, by its specific terms, until March 31, 2021, at the earliest. If Amazon disagrees with the forgoing, Prime EFS intends to arbitrate this issue through the American Arbitration Association; however, the Company cannot make give any assurances as to the success of its position.