Fritz Companies Announces Fiscal Year-End Change.SAN FRANCISCO--(BUSINESS WIRE)--June 14, 1995--Fritz Companies, Inc. announced today that its Board of Directors has, effective June 1, 1995, approved the change from its current calendar year-end to a fiscal year ending May 31. Commented Lynn C. Fritz, Fritz Companies' chairman, president and chief executive officer, "A calendar year-end closing requires us to go through an extraneous ex·tra·ne·ous adj. 1. Not constituting a vital element or part. 2. Inessential or unrelated to the topic or matter at hand; irrelevant. See Synonyms at irrelevant. 3. planning process during the third quarter, which is our peak season. Changing to a fiscal year ending May 31, will allow us to concentrate on business management during the peak season and defer the planning process to the first quarter of the calendar year, which is our slowest season. In addition, our acquisition of Intertrans Corporation plays a significant role in our future operations, and our intention therefore is to begin the combined business from the effective date of the acquisition." Fritz Companies, Inc. is a leader in global integrated logistics and related information services See Information Systems. for importers and exporters worldwide. The Company's principal services include global integrated logistics services, customs brokerage (the largest in 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. ), warehousing and distribution and other value-added services for the international movement of goods. Fritz Companies, Inc. is headquartered at 706 Mission Street, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA 94103, telephone 415/904-8360. The Company's shares are traded in the Over-the-Counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. , NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on symbol FRTZ. CONTACT: Fritz Companies Inc. John H. Johung, 415/904-8601 |
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