US BioTec's TelStar Logistics Subsidiary Begins Operations; Company Ships First Freight.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- US BioTec, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :USBO USBO Utrechtse School voor Bestuurs- en Organisatiewetenschap USBO United States Boxing Organization USBO United States Box Office (movie industry) ), an emerging player in the rapidly growing bio-chemical sector of the multi-billion dollar agri-business industry, today announced that its new wholly-owned transportation subsidiary, TelStar Logistics Corp. (TLC TLC total lung capacity; thin-layer chromatography. TLC abbr. 1. thin-layer chromatography 2. ) began shipping operations yesterday. TelStar Logistics sent its first leased-on truck out with a payload on April 12, 2005 and will send 4 additional trucks out on Thursday, April 14th. The company has commitments from Owner Operators that will allow TLC to have 14 leased-on trucks on the road by April 28th. TLC has secured financing to fund the initial phase of operations. The over-the-road trucking industry is led by such well-known companies as J. B. Hunt Transport Services The collective functions of layers 1 through 4 of the OSI model. , 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 :JBHT JBHT J.B. Hunt Transport Services (stock symbol) ), Yellow Roadway Corp. (NASDAQ:YELL), CNF CNF Configuration (File Name Extension) CNF Conference CNF Conjunctive Normal Form CNF Could Not Find CNF Chin National Front (Burma) CNF Canadian Nature Federation CNF Cornell NanoScale Facility , Inc. (NYSE NYSE See: New York Stock Exchange :CNF) and Swift Transportation Swift Transportation was founded by Jerry Moyes originally as Common Market. The operations began in 1966 transporting imported steel from the ports of Los Angeles to Arizona, and then returning with Arizona cotton to be delivered to Southern California. (NASDAQ:SWFT SWFT Secure Web Fingerprint Transmission ). TelStar will serve US BioTec in dual roles. First, rather than having to rely on outside vendors such as trucking companies and private over-the-road truckers to move raw materials from suppliers to US BioTec's (USBO) plants and finished product to its customers, the company believes that it was in its best interest to form its own transportation subsidiary. In addition to the potential cost savings, TLC should become a new revenue center for the company. USBO will use the same trucks that haul its raw materials and finished products, to also haul agricultural products, ice cream, frozen foods and vegetable produce grown by its bio-chemical clients'. "The bank loan TelStar recently secured allowed the purchase of 14 refrigerated re·frig·er·ate tr.v. re·frig·er·at·ed, re·frig·er·at·ing, re·frig·er·ates 1. To cool or chill (a substance). 2. To preserve (food) by chilling. semi-trailers, which will be added to the existing fleet of 4 trailers already leased on. TLC also has completed its acquisition of Scorpion Logistics, a refrigerated transport company, using a combination of stock and cash. This acquisition allows us to immediately assume Scorpion's Department of Transportation (DOT) operating registration. TLC also assumed Scorpion's insurance carrier, which makes it possible to go forward immediately with expanding TLC's trailer fleet and freight brokering operations. The timing of this launch is perfect for US BioTec as well, as we should begin shipping our products to customers in a matter of weeks," says Jimmy Joyner, Chief Executive Officer of US BioTec, Inc. "The timing of TLC's entry into the market is excellent as a volume of reposed equipment has been thrown on the market, making equipment purchases very economical. Freight rates are quickly rising to compensate for higher fuel prices, and at the same time a reduction of independent truckers giving up because high fuel prices has begun to cause a shortage of freight haulers. All these factors provide a smooth entree' into the refrigerated market," adds Joyner. US BioTec has secured an executive management team with extensive trucking industry experience to manage the TLC subsidiary. Thomas Lynch Thomas Lynch is the name of several notable people:
The Company's offices are fully operational with networked computers linked to electronic load boards, Internet truckstops, and satellite monitoring equipment has been installed on each trailer so that they can be accessed via the Internet. TLC has set a goal of leasing-on 40 trucks that are operated by independent owner operators by December 31, 2005. US BioTec was established to profitably develop, manufacture, market and distribute bio-degradable, non-toxic and non-carcinogenic products to agriculture, the commercial turf industry, forestry, golf courses, professional landscapers, nurseries and mass market retail lawn and garden markets. The agri-chemical industry is currently dominated by a handful of multi-national corporations like Syngenta (NYSE:SYT SYT Sweet Young Thing SYT Save Your Time (software) SYT See You Tomorrow SYT Scottish Youth Theatre SYT See You There SYT Standard Young Tableaux (enumerative combinatorics) SYT South Yorkshire Times ), Monsanto (NYSE:MON), Aventis, Dow Chemical (NYSE:DOW) and E.I. Du Pont (NYSE:DD) that supply the bulk of the world's pesticides. USBO is striving to be the U.S. market leader in the expanding bio-chemical sector of the annual multi-billion dollar agricultural chemical marketplace. The Company's products are designed to rehabilitate soils, repel insects and increase crop (plant) yields through environmentally-friendly alternatives to toxic man-made pesticides and caustic synthetic fertilizers produced by the current market leaders. To learn more about US BioTec and its products, visit www.usbioteccorp.com. Certain statements in this news release may contain "forward-looking" information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments. |
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