Country Wide Transport Pre-Announces 35 Percent Increase in Third-Quarter Sales and Introduces New Logistics Service.EAST ROCHESTER East Rochester is the name of the following places in the United States:
See OTC Bulletin Board (OTCBB). :CWTV CWTV Child Witness to Violence Program ) Thursday announced the formation of Vertex Logistics Solutions, a new division of its Vertex Transportation subsidiary. Vertex Logistics Solutions will provide complete consulting services to industrial and commercial accounts, including analysis of their transportation and distribution challenges, and will offer solutions by utilizing the 20 years of transactional experience of Vertex Transportation. The new division will be directed by Donald Goodrich, who joins the company after 30 years of transportation and distribution experience with the Eastman Kodak Co.; and by Daniel Henderson, who has been with Vertex Transportation for 12 years, most recently as vice president of carrier services. Timothy Lepper, president and chief executive officer of Country Wide Transport Services, commented that "we are extremely excited to introduce a separate solutions group to assist the shipping public in answering day-to-day transportation and supply chain issues using our 20 years of hands-on experience, as well as the considerable talents of Messrs. Goodrich and Henderson. "Vertex Logistics Solutions will be able to evaluate a shipper's entire transportation network and offer solutions to improve its systems and achieve greater efficiencies. This new division is part of our internal expansion plans to offer additional services to our customers, and to help us grow our company. "In this context, we would like to announce that we expect to report a 35 percent increase in revenues to approximately $8.2 million for the three months ended March 31, 1998. This increase is even more significant in that it was achieved during the traditionally slow winter period for transportation services," added Lepper. Country Wide Transport Services' subsidiary, Vertex Transportation Inc., provides complete transportation logistics services throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and Mexico as a freight forwarder An individual who, as a regular business, assembles and combines small shipments into one lot and takes the responsibility for the transportation of such property from the place of receipt to the place of destination. and logistics management company. -0- This news release contains forward-looking statements indicating that the company "anticipates," "expects" or "believes" certain events or results that have not yet occurred. Such forward-looking statements are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements involve known and unknown factors, risks and uncertainties which may cause the company's actual results in future periods to differ materially from the results that the company now anticipates or believes will come to pass. CONTACT: Country Wide Transport Services Inc., East Rochester Timothy Lepper, 800/421-2757 |
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