Corporate Update from OrderPro Logistics; Update on Developments from our Operations and Acquisition Roll-Up Campaign.Business Editors TUCSON, Ariz.--(BUSINESS WIRE)--Dec. 16, 2002 OrderPro Logistics (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :OPLO) is pleased to provide an update to its shareholders on the operations of the Company. The company continues to make strides in its business growth strategy through recent acquisitions and additions to its board. The company recently acquired Great Plains Transportation, which firmly established OrderPro Logistics as an operating company operating company A business that engages in transactions with outsiders. . Operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. from this acquisition alone with increases to 21 power units are expected to be approximately $3.3 million annually with an EBITA EBITA Earnings Before Interest Taxes Amortization of $450k. More recently, Richard L. Windorski, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of OrderPro Logistics has been in talks with Great Plains Transportations' customer base to expand its relationship and third party logistics (3PL) services. "Talks are going extremely well. The largest customer of Great Plains provides us with the potential to begin providing 3PL services, which has the potential to increase our revenues by $4 million. We expect to finalize fi·nal·ize tr.v. fi·nal·ized, fi·nal·iz·ing, fi·nal·iz·es To put into final form; complete or conclude: "They have jointly agreed ... all negotiations in the first quarter of 2003," states Mr. Windorski. Mr. Windorski recently returned from TransMex/USA's headquarters to complete final due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. for the acquisition of the company. TransMex/USA has annual revenues of approximately $2 million and provides OrderPro Logistics with immediate entry into the strategic NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's segment handling shipments originating in Mexico. For over 10 years, TransMex/USA has been providing customs assistance, daily reporting, and bilingual bi·lin·gual adj. 1. a. Using or able to use two languages, especially with equal or nearly equal fluency. b. communications to its clients on both sides of the border. TransMex/USA also has trucking authority to operate in Illinois, Wisconsin, Indiana, Michigan and Ohio, serving a blue chip client list including major international ocean container shipping companies. In addition, the company has begun due diligence on two new acquisition candidates, both in the Midwest region. These candidates represent a combined revenue base of $12 million. In addition to TransMex/USA, the company is currently conducting due diligence on a total of four acquisition candidates, all based in the Midwest region, which offer tremendous growth and traffic lane balance potential within the geographic areas of both Great Plains Transportation and TransMex/USA. These companies currently total approximately $15.7 million in annual revenues. Important criteria for OrderPro Logistics in determining its acquisition strategy is based upon the location of operations of the candidate and how that acquisition `meshes' with the existing business, to better insure Insure can mean:
About OrderPro Logistics, Inc. OrderPro Logistics, Inc. is a customer-oriented provider of innovative and cost-effective logistics solutions. To provide cost-effective and efficient delivery, OrderPro Logistics has created proprietary web-enabled software to manage all transport/shipping processes and maximize inbound-outbound savings while providing complete real-time logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet services. With expertise and experience in transportation, logistics management, computer/Internet technology and a philosophy of performance-based reward systems, OrderPro Logistics has proven that transportation brokerage/logistics management can be successful in a competitive marketplace. With a team of highly capable and experienced employees, the company works across functional lines to maximize efficiency and provide exceptional service to customers. For additional information, please visit www.orderprologistics.com. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and are subject to numerous known and unknown risks and uncertainties, which could cause the company's actual results to differ materially from those as indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements and should review the company's SEC filings. |
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