Cube Route Secures $4 Million in Venture Funding; Financing to Support Expansion of On Demand Logistics Service into New Markets.TORONTO -- Cube Route, a provider of on demand logistics services, today announced that it has secured $4 million in equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. from J. L. Albright Venture Partners. This funding will support Cube Route's aggressive business development, sales and marketing initiatives and prepare the company for growth across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "From the time Cube Time Cube is a website created by Gene Ray where he sets out his proposed description of the nature of the universe. The website uses a distinctive combination of colorful large-font text, occasional black-and-white drawings, obscure statements, and unconventional grammar. Route went into full production, the company has definitely hit the ground running," said Claude Germain, Cube Route 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. and co-founder. "We have solid backing from the investment community and have also completed a series of successful implementations with leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. foodservice, transportation, retail and direct to store delivery customers. We truly believe that our logistics service is unique in the industry in its ability to reduce delivery costs and improve service without the need for capital investment." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Stuart Lombard, Partner at J.L. Albright Venture Partners, "Cube Route is a company that exhibits all the hallmarks of success. Its service is innovative and fulfills an important market need. Its management team members are among the best logistics solutions specialists in North America. Their strategy is solid and their potential for growth is exceptional. We have absolute faith that this company is well positioned to gain dominance in the 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 field." Cube Route delivers the first fully integrated, on demand logistics service that combines advanced tracking, planning and routing functionality with the simplicity of Web-based service delivery. As a managed logistics service, Cube Route delivers all of the technical infrastructure and IT support to enable organizations with dedicated fleets to take control of the delivery process. Created with ease of use and economy in mind, the Cube Route service is a solution that is "built by operators for operators". It is offered on a pay-as-you-go basis Pay-as-you-go basis A method of paying income tax in which the employer deducts a portion of an employee's monthly salary to remit to the IRS. , providing users with visibility into their delivery network in real-time, at a fraction of the cost and complexity of point solutions. The Cube Route service has been deployed across a variety of organizations that operate fleets, and is already delivering substantial results that range from improved customer service, lower operating costs operating costs npl → gastos mpl operacionales , to improved efficiency and greater consistency in operations. "The upfront costs to license, install and train people on traditional logistics software solutions, along with ongoing integration needs, has made it prohibitively pro·hib·i·tive also pro·hib·i·to·ry adj. 1. Prohibiting; forbidding: took prohibitive measures. 2. expensive for most operations to achieve visibility into delivery activities. As a result an estimated two-thirds of private/dedicated fleets still rely on paper-based manual systems for route planning and load building," Germain continued. "Our on demand service brings sophisticated capability to organizations of any size, while eliminating up-front costs. Our trials have consistently shown that companies can reduce their operating costs by up to 10% while improving service." About Cube Route Cube Route facilitates the deployment and management of the delivery process for transportation and field service organizations for maximum operational efficiency. Cube Route is a managed logistics service that enables businesses to dramatically reduce delivery costs and improve service. Cube Route's integrated and comprehensive web solutions combine sophisticated routing, tracking and planning functionality to optimize optimize - optimisation routes as well as track and monitor delivery fleets in real-time - at the lowest possible cost. For additional information on Cube Route and how its on demand logistics service and platform can impact your organization, visit www.cuberoute.com or call 1-877-227-6883. About J. L. Albright Venture Partners Toronto-based J. L. Albright Venture Partners invests in emerging Internet, e-commerce, networking and software companies with exceptional prospects for growth, superior technology and a sustainable competitive advantage. For more information visit www.jlaventures.com. |
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