AutoInfo, Inc. Announces Award of Additional U.S. Postal Service Contracts.Business Editors BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Dec. 4, 2001 AutoInfo, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AUTO) today announced that it has been awarded additional contracts by the U.S. Postal Service The U.S. Postal Service (USPS) processes and delivers mail to individuals and businesses within the United States. The service seeks to improve its performance through the development of efficient mail-handling systems and operates its own planning and engineering programs. for mail delivery during the holiday season. The total revenues from all contracts received to date are estimated to exceed $500,000. Harry Wachtel, President, stated, "We are pleased to be on the approved list Approved list A list of equities and other investments that a financial institution or mutual fund is allowed to invest in. See: Legal list. approved list See legal list. for the U.S. Postal Service. We have bid on additional contracts and expect to receive additional bids before the end of the holiday season." AutoInfo, Inc., operating through its Sunteck subsidiary, is a non-asset based supply chain logistics company. Its services include ground transportation coast-to-coast, warehouse services, air freight, rail and ocean freight. Sunteck has developed strategic alliances with major truckload, LTL LTL - Linear Temporal Logic (less than truckload Less-Than-Truckload (LTL) shipping is the transportation of relatively small freight. The alternatives to LTL carriers are parcel carriers or full truckload carriers. Parcel carriers usually handle small packages and freight that can be broken down in to units less than 150 US ), air, rail and ocean carriers to react to customers' needs quickly and effectively. This release contains "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties. Actual results or achievements may be materially different from those expected or implied. The Company's plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the Company, including The Company's ability to implement the Sunteck business plan and sustain profitability. Therefore, there can be no assurance that forward-looking statements will prove to be accurate. |
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