Optimized Transportation Management, Inc.(fka OPTZ)

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PITTSBURGH, PA--(Marketwire - 11/23/10) - Optimized Transportation Systems, Inc. (OTC.BB:OPTZ - News) is pleased to announce that the company has secured one million two hundred and fifty thousand dollars in a preferred equity financing with a New York City based equity group (the "group"). The equity shall be purchased through preferred stock; the price will be determined based on individual tranche notices that the company submits to the Group. As such, the price will be determined by a five day volume weighted average price. "We are extremely pleased with the financing," said Kevin Brennan, the company's CEO."This will allow us to pay off old debt and strengthen our balance sheet while providing the capital needed to close on the most recent acquisition we have discussed over the last several weeks. We now believe that we are well positioned in the Logistics space, and can move our business plan forward which will offer our shareholders the growth we have been positioning for over the last year," said Brennan.

http://finance.yahoo.com/news/Optimized-Transportation-iw-2899503759.html?x=0&.v=1