Mister postman.Sending massive mail orders to other countries is no picnic for most companies--and Lorenzo C. Blackett Sr. knows this well. That's why the 41-year-old entrepreneur started International Presort pre·sort tr.v. pre·sort·ed, pre·sort·ing, pre·sorts To sort (mail) according to Zip Codes before delivering to a post office. of America Inc. (IPA IPA - International Phonetic Alphabet ), a Houston-based international mail consolidator that attempts to save cash-conscience CEOs time and money in postage and sorting labor. Blackett, IPA's 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. , boasts that his company expedites airmail to more than 160 countries in three to seven days and printed materials in 10 to 14 days. He adds that IPA also offers a minimum savings of 25% and eliminates 16 intermediate steps that mail encounters at 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. (USPS (1) (Uninterruptible Switching Power Supply) A power supply for a computer that contains its own battery and uninterruptible power supply (UPS) circuitry. See power supply and UPS. ). Blackett says IPA saves clients money by commingling Combining things into one body. The term commingling is most often applied to funds or assets. When a fiduciary, a person entrusted with the management of funds other than his or her own in trust, mixes trust money with that of others, the fiduciary is commingling large and small volume mailers' foreign mails. This procedure allows Blackett to take advantage of the presort discounts in the USPS's International Priority Airmail and International Surface Air Lift programs. "We also receive our postage at a reduced rate and then we share the difference with our clients," he adds. A former sales rep for several international courier companies, Blackett launched IPA in November 1987 with the help of former coworkers. With $13,000 borrowed from a friend, Blackett opened a Houston office and bought postage in bulk from the USPS. This allowed him to offer lower mailing rates to his clientele. Six months later, IPA opened a Dallas branch. IPA then entered the Washington D.C., market with an office in Landover, Md., in November 1989. A staff of 29 full-time and 13 part-time employees keeps IPA on track. The company posted 1991 sales of $3.6 million and Blackett expects 1992 sales to reach $4.1 million. Within the next three years, Blackett projects that IPA will double its sales. |
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