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Thursday, December 24, 2020 11:39:53 AM
NEW YORK, Dec. 14, 2020 /PRNewswire/ --
https://www.otcmarkets.com/stock/INNO/news/story?e&id=1765115
Message from CEO:
"As 2020 draws to a close, I take pleasure in reviewing some of our accomplishments in recent months. In October 2020, through the merger with Unique Logistics Holdings, Inc. ("ULHI") we acquired a thriving global logistics business. The acquisition comprised three individual companies under ULHI with a substantial United Stated based book of business and an experienced employee base.
We have successfully integrated the three companies under one management team, one operating system and a unified vision of the future. Synergies in services and administration have enabled us to make substantial savings in overhead which will be visible when we publish financial information in the weeks ahead. We have been successful in securing new business contracts and in establishing a business development presence that is driving growth and will continue to do so.
We will continue to grow our United States presence organically, while also seeking to aggressively grow our business through acquisitions within the United States and in key overseas markets resulting in widening our range of services to our customer base and greater control of services in the supply chain of our customers.
We now have well established credit facilities to support our growth and have successfully used our own operating cash flow to make early repayments to debt holders.
We approach the close of a tumultuous year for all of us. On behalf of my Management Team, I would like to thank all of our loyal shareholders and wish each of you and your families a successful 2021 and a better year for the world. The Management of INNO and our dedicated team of employees are committed to your success!"
- Sunandan Ray, CEO
About Innocap, Inc.
Innocap, Inc (OTC: INNO) is a fully reporting publicly-held company. INNO, through its wholly owned operating subsidiaries, is a global logistics and freight forwarding company providing a range of international logistics services that enable its customers to outsource to the Company sections of their supply chain process. The services provided are seamlessly managed by its network of trained employees and integrated information systems. We enable our customers to share data regarding their international vendors and purchase orders with us, execute the flow of goods and information under their operating instructions, provide visibility to the flow of goods from factory to distribution center or store and when required, update their inventory records.
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