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Sunday, May 29, 2022

Transportation and Logistics Systems Inc (OTCMKTS: TLSS) Heats Up

Transportation and Logistics Systems Inc (OTCMKTS: TLSS) is heating up in recent trading and speculators are taking notice; the stock has runner in its blood skyrocketing from under a penny to highs over $0.25 earlier this year so when a stock like TLSS heats up, investors pay attention.

There is plenty to get excited about on TLS; the Company the Company operates in the booming shipping and logistics market and has achieved tremendous sales of $32 in 2019 and did over $8m for the latest quarter ended March 31. Earlier this month the Company submitted 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.

Transportation and Logistics Systems Inc (OTCMKTS: TLSS) operates as a leading logistics and transportation company specializing in eCommerce fulfillment, last mile, two-person home delivery and line haul services for the world’s leading online retailers through its wholly-owned operating subsidiaries, PrimeEFS, LLC and ShypDirect, LLC. Prime EFS is a leading logistics and transportation company that specializes in providing Last Mile, two-person Home Delivery and Line Haul services for some of the world’s leading online retailers. ShypDirect operates a fleet of GPS equipped Tractors, Box Trucks and Cargo Van offering delivery services for clients throughout the northeast United States. Both Prime EFS and ShypDirect are providers of logistics services for Amazon.com, FedEx and UPS, including “last-mile” deliveries to residential and business locations as well as deliveries between Amazon sort centers and deliveries from Amazon sort centers to post offices.

Since late March 2020, 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.

TLS has achieved tremendous sales growth; in 2019 revenues more than doubled during the year, reaching $32 million, compared to revenue of $18.1 million in 2018. These gains reflected the Company’s expansion into four new states and a large increase in volume from its primary customer, Amazon. 2019 was a big year for the Company as it increased its number of vehicles, drivers, and independent contract drivers. The Company opened several new locations in the States of Georgia, Florida, Ohio and Tennessee, during the months of October through December 2019, adding to its existing locations in New Jersey, New York and Pennsylvania.

While the recent coronavirus pandemic has affected the country in dramatic ways, the Company’s delivery operations on behalf of Amazon and its other customers remain active. Shipping has been classified as an “essential business” and consumers have been increasing their online purchases due to sequestering, leading to growing demand for the Companies services.  The transportation and logistics sector is an integral and growing part of the U.S. economy that has experienced significant growth since the country had emerged from recession. Over the ten years between 2008 and 2017, the industry has grown 12.7% and added 416,316 jobs.

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TLSS

On July 6 TLSS submitted OTCQB application materials to OTC Markets Group, the operator of OTCMarkets.com, to start the process of uplisting from the OTC Pink Open Market to the OTCQB Venture Market. The Company already meets two gating OTCQB Venture Market compliance requirements by filing audited annual financials prepared in accordance with U.S. GAAP by a PCAOB auditor and maintaining a verified company profile at OTCMarkets.com. The OTCQB® Venture Market is for early-stage and developing U.S. and international companies. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. Companies must meet $0.01 bid test and may not be in bankruptcy.

John Mercadante, Chief Executive Officer of TLSS, stated, “Uplisting to OTCQB is an important next step in management’s overall strategic plan to grow the Company and upgrade its position in the public markets.  We believe that trading on the OTCQB could potentially increase TLSS’ visibility to the investment community, particularly to institutional investors, as the Company continues to bolster its position as a growing fulfillment service provider.”

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Currently on the move TLSS is an exciting story developing in small cap; the Company operates in the booming shipping and logistics market classified as an “essential business” as consumers increase their online purchases due to sequestering. TLS has achieved tremendous sales growth; in 2019 revenues more than doubled during the year, reaching $32 million, compared to revenue of $18.1 million in 2018. In the latest quarter ended March 31, the Company achieved $8,635,060 in total sales. TLSS has serious management team behind it that knows what they are doing and is actively involved in seeking out capital investment partners. TLS was recently listed as a Presenter at the 2020 ROTH Capital Event, arguably the LARGEST capital investment conference in the U.S. Since late March 2020, 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.. 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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