World Logistics Services Inc. (fka WLSV)

[ClunyTheScourge]

can anyone make sense of this?

The Registrant was incorporated in the state of Delaware as UNITED RESTAURANT MANAGEMENT, Inc. on August 10, 2005. On June 30, 2009, pursuant to the terms of the Exchange Agreement discussed in Item 2.01 above, the Registrant acquired World Logistics, and its wholly-owned subsidiary, FL & OTSI This transaction was accounted for as a “reverse merger” with World Logistics deemed to be the accounting acquirer and the Registrant as the legal acquirer. Consequently, the assets and liabilities and the historical operations that will be reflected in the financial statements for periods prior to the Share Exchange will be those of World Logistics’ and its operating subsidiary, FL & OTSI and will be recorded at the historical cost basis of World Logistics and its subsidiary FL & OTSI. After the completion of the Share Exchange, the Registrant’s consolidated financial statements will include the assets and liabilities of both FL & OTSI, as well as the historical operations of FL & OTSI.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6817287