MJLB .009x.01
Concord, Ontario , June 29, 2022 (GLOBE NEWSWIRE) -- Ultrack Systems Inc. (OTC Pink: MJLB), a total fleet-management GPS tracking and monitoring solution provider, is pleased to announce that Ultrack's newest acquisition " M-Loan Inc. " has reported its highest corporate revenue ever in fiscal year 2021, thereby more than tripling Ultrack's overall Company revenue.
Ultrack CEO Michael Marsbergen proudly commented on M-Loan's record year: " Ultrack fully acquired M-Loan Inc. because of the strategic footprint it provides the Company within broader USA markets while immediately adding additional value to Ultrack's bottom line. With M-Loan's record revenue year I am proud to say that Ultrack has basically tripled our overall corporate revenue. I am working towards building the Ultrack brand throughout North America and realizing the vision of fleets of North American trucks doing business all under the Ultrack banner."
Since 2004, M-Loan has an extensive track record within the United States trucking industry and has specialized in the west-coast financing sector. The United States trucking industry enjoys the highest GDP in the world of any trucking industry. M-Loan Inc. also operates under the DBA "Capital Pacific Funding" and has operated as a preferred vendor for Schneider Trucks .
The Ultrack flagship ELD has passed 90 plus % of the third-party approval tests and is now in the hands of Transport Canada . Our testing agency remains in contact with Transport Canada and is doing everything possible to ensure ultimate approval and rapid deployment of the device upon approval.
Share Structure
Market Cap Market Cap
3,151,066
06/28/2022
Authorized Shares
500,000,000
06/27/2022
Outstanding Shares
315,106,643
06/27/2022
Restricted
44,454,314
06/27/2022
Unrestricted
270,652,329
06/27/2022
Held at DTC
265,520,482
06/27/2022
Float
120,000,000
02/01/2021
Par Value
0.001
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