web analytics
4.6 C
Munich
Sunday, April 18, 2021

PrimeEFS; the Rise of Transportation and Logistics Systems Inc (OTCMKTS: TLSS)

Transportation and Logistics Systems Inc (OTCMKTS: TLSS) has been heating up and running northbound in recent days as penny stock speculators accumulate the stock higher. TLSS made a spectacular rise in June running to $0.27 highs and when TLSS heats up, investors pay attention.

TLSS has been getting noticed as the Company gains serious traction in the booming logistics space recently reporting sales of $17,194,000 for the six months ended June 30, 2020, as compared to $13,905,000 for same prior year period due to: TLSS expansion into new markets in Florida, Georgia, Ohio and Tennessee; (ii) securing new business; (iii) a full six months of operations in its box-truck line of business and (iv) securing Payroll Protection Program loans which provided the funds needed to enable the Company to maintain its level of employed drivers to meet the increased delivery demand of its primary customer during the height of the pandemic.

Transportation and Logistics Systems Inc (OTCMKTS: TLSS) is a provider of a wide range of transportation and logistics services involving the movement of goods and e-commerce fulfillment. Fast, dependable order fulfillment and shipping is critical to the success of an online business. The Company is focused primarily on the transportation of packages that are ultimately to be delivered to the business or retail consumer.  TLSS currently operate through our two subsidiaries, Prime EFS, LLC, a New Jersey-based transportation company with a focus on deliveries to the retail consumer for online retailers in New York, New Jersey and Pennsylvania (“Prime EFS”), and Shypdirect LLC, a transportation company with a focus on tractor trailer and box truck deliveries of product on the east coast of the United States from one distributor’s warehouse to another warehouse or from a distributor’s warehouse to the post office (“Shypdirect”), which are known as line-haul and “mid-mile” deliveries. Revenues for PrimeEFS were 93.4% and 98.5% of total revenues in 2019 and 2018 respectively. Revenues for Shypdirect were 6.6% and 1.5% of total revenues in 2019 and 2018 respectively.

As of December 31 2019, the Company owned or leased an aggregate of approximately 256 trucks or delivery vehicles and employed 588 drivers who worked in shifts that allowed it to utilize most of its transportation equipment on a 24/7 basis. The Company also utilize the services of independent contractors to provide our delivery services. At December 31, 2019, 47 independent contractors provided services to the Company on a full-time basis. The independent contractors are responsible for paying for their own vehicles, equipment, fuel and operating expenses. Point-to-point delivery refers to a transportation system in which passengers or goods travel directly to a destination, rather than going through a central hub. This differs from the spoke-hub distribution paradigm in which the passengers or goods go to a central location in order to reach their ultimate destination. TLSS business is referred to as “point-to-point” delivery because its drivers and independent contractors are dispatched directly to the warehouse or retailer, as the case may be, and they then travel directly to the delivery point, rather than returning to a central corporate office.

To Find out the inside Scoop on TLSS Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

TLSSTLLS is led by CEO John Mercadante who is leading a restructuring effort which includes cleaning up the balance sheet, improving operating results to better position the Company for future growth, as well as up-listing to the OTCQB® Venture Market where the stock will be significantly more attractive to investors. The Company submitted its OTCQB application materials to OTC Markets Group, the operator of OTCMarkets.com, to start the process of up-listing from the OTC Pink Open Market to the OTCQB Venture Market in August. Currently TLSS is “pink current”

Last month TLSS filed its Quarterly Report on Form 10-Q, for the three and six months ended June 30, 2020. Revenue for the three months ended June 30, 2020 increased $458,000, or 5.7%, to $8,559,000 as compared to $8,101,000 for same prior year period. Such increase was due primarily to: (i) the Company’s expansion into new markets in Florida, Georgia, Ohio and Tennessee that were not operational during the first and second quarters of 2019; and (ii) securing Payroll Protection Program loans which provided the funds needed to enable the Company to maintain its level of employed drivers to meet the increased delivery demand of its primary customer during the height of the COVID-19 pandemic.

Revenue for the six months ended June 30, 2020 increased $3,289,000, or 23.7%, to $17,194,000 as compared to $13,905,000 for same prior year period due to: Such increase was due primarily to: (i) the Company’s expansion into new markets in Florida, Georgia, Ohio and Tennessee that were not operational during the first and second quarters of 2019; (ii) securing new business; (iii) a full six months of operations in its box-truck line of business that commenced in February 2019; and (iv) securing Payroll Protection Program loans which provided the funds needed to enable the Company to maintain its level of employed drivers to meet the increased delivery demand of its primary customer during the height of the COVID-19 pandemic.

John Mercadante, Chairman and CEO of TLSS, commented, “Due to the success of the restructuring efforts commenced in mid-March 2020, the Company also saw marked improvement in its overall operating performance, including generating for the first time, positive EBITDA from its operating subsidiaries of approximately $551,000 during the three months ended June 30, 2020. Shortly, we will be issuing a shareholder update detailing the specific restructuring measures implemented and the results achieved to date, as well as discussing the Company’s go-forward plans.”

We have a Monster Pick Coming. Subscribe Right Now!

Currently running northbound TLSS is an exciting story developing in small cap; the Company operates in the booming shipping and logistics market and has achieved tremendous sales growth; TLLS recently reported $17,194,000 for the six months ended June 30, 2020, as compared to $13,905,000 for same prior year period due to: TLSS expansion into new markets in Florida, Georgia, Ohio and Tennessee; (ii) securing new business; (iii) a full six months of operations in its box-truck line of business and (iv) securing Payroll Protection Program loans which provided the funds needed to enable the Company to maintain its level of employed drivers to meet the increased delivery demand of its primary customer during the height of the pandemic.TLSS has serious management team behind it that knows what they are doing and is actively involved in seeking out capital investment partners. John Mercadante, Chairman and CEO of TLSS has led a restructuring effort which includes cleaning up the balance sheet, improving operating results to better position the Company for future growth, as well as up-listing to the OTCQB® Venture Market where the stock will be significantly more attractive to investors. Microcapdaily has been reporting on the TLSS story since May 2020. We will be updating on TLSS when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with TLSS.

Sign Up now for our 100% FREE Penny Stock Newsletter

Disclosure: we hold no position in TLSS either long or short and we have not been compensated for this article.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.