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Monday, October 25, 2021

Transportation and Logistics Systems Inc (OTCMKTS: TLSS) Gaining Fast on Double D Trucking Acquisition

Transportation and Logistics Systems Inc (OTCMKTS: TLSS) is in full beast mode making a powerful move up the charts on over $4 million per day in dollar volume and emerging as among the top most traded stocks on the bulletin board. TLSS just reported it closed the acquisition of Double D Trucking, Inc., a northern New Jersey-based logistics provider specializing in servicing Federal Express (“FedEx”) the does over $1 million in annual revenues. The Company is looking to upoist to OTCQB Venture Market having recently submitted the paperwork.

Microapdaily reported on TLSS on December 7 when the stock was a little over $0.01 noting on the stocks explosive nature stating: “TLSS saw a spectacular rise to highs of $0.27 earlier this year and Investors are looking for a comeback to previous highs.” This looks to be happening now as the stock hit $0.099 last week and is now looking to overtake that this week; a break over $0.099 and its blue skies ahead. TLSS is a revenue powerhouse generating $23,503,000 in sales for the 9 months ended September 30, 2020  putting the Company on track to easily top $30 million in sales in 2020.

Transportation and Logistics Systems Inc (OTCMKTS: TLSS) operating out of Jupiter FL, as well as New Jersey  through its wholly-owned operating subsidiaries, Shypdirect, LLC and Shyp FX, Inc., operates as a logistics and transportation company specializing in eCommerce fulfillment through last mile, two-person home delivery, mid-mile and line-haul services for predominantly online retailers. Shypdirect LLC, is 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 which are known as line-haul and “mid-mile” deliveries.  Shypdirect owns or leases an aggregate of approximately 256 trucks or delivery vehicles and employed 588 drivers who worked in shifts that allowed us to utilize most of our transportation equipment on a 24/7 basis. GRC Trucking is also now a wholly-owned subsidiary of TLSS and adds 20 more drivers with 32 trucks total. More FedEx, UPS and USPS point deliveries.

TLSS is doing huge numbers; for the 9 months ended September 30, 2020 TLSS reported $23,503,000 in sales putting the Company on track to easily top $30 million in sales in 2020. The increase in sales was due to the Company’s expansion into new markets in Florida, Georgia, Ohio and Tennessee. securing new business, a full nine months of operations in its box-truck line of business. 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.

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TLSSBoth Prime EFS and ShypDirect are providers of logistics services for FedEx and UPS, including “last-mile” deliveries to residential and business to post offices. These are both a wholly-owned subsidiary of publicly-traded company Transportation and Logistics Services, Inc., with 500+ staff and annual revenues currently topping $25 million. TLLS 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”

On January 15 through a newly-formed, wholly-owned, subsidiary, Shyp FX, Inc., simultaneously executed an asset purchase agreement and closed a transaction to acquire substantially all of the assets and certain liabilities of Double D Trucking, Inc., a northern New Jersey-based logistics provider specializing in servicing Federal Express (“FedEx”) over the past 25 years DDTI’s annual revenues in 2020 exceeded $1 million. The purchase price is $100,000 of cash and a promissory note of $400,000. In addition, on January 15, 2021, its wholly-owned subsidiary, TLSS Acquisition, Inc., entered into an amendment to the Asset Purchase Agreement originally executed on November 6, 2020, to extend the closing date of the acquisition of substantially all of the assets of Cougar Express, Inc. which was previously announced in December 2020, from January 15, 2021 until no later than February 16, 2021. Such extension is to provide the Company additional time to procure the financing necessary to complete the transaction.

According to TLSS CEO John Mercadante, “While we work to complete the acquisition of Cougar Express, this acquisition of DDTI will make us an approved contracted service provider of FedEx which, we believe, fits in well with our current geographic coverage area and can hopefully lead to additional expansion opportunities within the FedEx network. While the Company continues to successfully execute on its restructuring plan, this latest development, along with the proposed acquisition of Cougar Express demonstrates that the Company is beginning to aggressively resume its growth strategy.”

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TLSS is in full beast mode making a powerful move up the charts on over $4 million per day in dollar volume and emerging as among the top most traded stocks on the bulletin board. TLSS just reported it closed the acquisition of Double D Trucking, Inc., a northern New Jersey-based logistics provider specializing in servicing Federal Express (“FedEx”) the does over $1 million in annual revenues. The Company is looking to upoist to OTCQB Venture Market having recently submitted the paperwork. Microapdaily reported on TLSS on December 7 when the stock was a little over $0.01 noting on the stocks explosive nature stating: “TLSS saw a spectacular rise to highs of $0.27 earlier this year and Investors are looking for a comeback to previous highs.” This looks to be happening now as the stock hit $0.099 last week and is now looking to overtake that this week; a break over $0.099 and its blue skies ahead. TLSS is a revenue powerhouse generating $23,503,000 in sales for the 9 months ended September 30, 2020  putting the Company on track to easily top $30 million in sales in 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.

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

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