Transportation Logistics Int'l, Inc. Names New Chief Executive Officer.Business Editors EAST ORANGE, N.J.--(BUSINESS WIRE)--March 28, 2001 Transportation Logistics Int'l, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : TRPL TRPL Time-Resolved Photoluminescence TRPL Transient Receptor Potential - Like TRPL Theatre Regional des Pays de la Loire (French) TRPL Towing & Recovery Professionals of Louisiana TRPL Transportation Logistics International, Inc ) announced today that effective Tuesday, March 27, Ronald P. Sorci has joined the company as its Chief Executive Officer. For the past three years Mr. Sorci was President of Precept Transportation Services, LLC, a Dallas based subsidiary of Precept Business Services Inc. (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 : PBSI PBSI Patrol Borough Staten Island (NYPD) ). Prior to that position, he was President of U.S. Transportation Systems, Inc. (NASDAQ: USTS USTS Uplink Synchronous Transmission Scheme USTS United States Training Ship USTS UHF Satellite Terminal System USTS United States Technical Services ). Both of these organizations had extensive facilities throughout the United States, operating in New York, Connecticut, New Jersey, Texas, Michigan, Ohio and Kentucky among other states. Mr. Sorci, 50, brings 28 years of management and transportation experience to Transportation Logistics, and traces his career back to 1973 when he was CFO See Chief Financial Officer. of Carey Transportation. He had this to say: "Joining Transportation Logistics is like coming home. Mike Margolies, TRPL's Chairman and I have worked together at various times over the last 25 years, most recently as senior management at USTS. TRPL Board members, many staff personnel, and numerous suppliers are old associates and friends. I am looking forward to the daily challenges of working with two perpetual motion machines like Mike and Jim Thorpe, President of TRPL. It's a challenge I relish as TRPL's prospects for dramatic and rapid growth, as well as profitability, are real, and the excitement of participating in its development made my decision to join an easy one." Mike Margolies, Transportation Logistics Chairman added: "It was easy for me to part with the 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. title and its responsibilities when I knew it was going to Ron. We've worked together productively and profitably in the past, and I consider convincing him to join TRPL, over the other lucrative offers he had, as a coup for TRPL. Jim and Ron will only further accelerate our already rapid growth plans." Visit our Website: Translogisticsnetwork.com CEO Interview: Wallstreetnewscast.com Forward looking statements in this release are made pursuant to the "safe harbor" 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, without limitation, unforeseen changes in the course of research and development activities and in clinical trials; possible changes in cost and timing of development and testing, capital structure, and other financial items; changes in approaches to medical treatment; introduction of new products by others; possible acquisitions of other technologies, assets or businesses; possible actions by customers, suppliers, competitors, regulatory authorities; and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. |
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