|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0600 - 0.0800|
|52 Week Range||0.0100 - 16.2500|
|Beta (5Y Monthly)||3.55|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun. 01, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Subsequent Events Reflect Improving Financial Condition JUPITER, FL, June 01, 2020 -- via NEWMEDIAWIRE – Transportation and Logistics Systems, Inc. (OTC:TLSS),.
Due to a technical issue related to its former web address, which the Company is trying to rectify, it secured the new URL in order to enable interested parties to continue to access the most up-to-date information about the Company. TLSS operates as a leading logistics and transportation company specializing in eCommerce fulfillment, last mile, two-person home delivery, and line haul services for the world’s leading online retailers through its wholly-owned operating subsidiaries, PrimeEFS, LLC and ShypDirect, LLC. For more information about the Company and its subsidiaries visit the Company’s website, www.tlss-inc.com, or public filings at SEC.gov.
The Company advises that these numbers have not yet been reviewed by its auditors due to the pandemic and may be subject to adjustment. The Company’s final financial results for the first quarter ended March 31, 2020 are expected to be announced in mid-May 2020 and will be filed in its quarterly 10Q filing with the SEC.
To strengthen the Company’s financial foundation, TLSS is implementing cost-cutting measures to reduce its annualized operating, administrative and corporate expenses by approximately $1.0 million, without any reduction in its employed drivers, the majority of which are effective immediately. TLSS operates as a leading logistics and transportation company specializing in eCommerce fulfillment, last mile, two-person home delivery and line haul services for the world’s leading online retailers through its wholly-owned operating subsidiaries, PrimeEFS, LLC and ShypDirect, LLC. For more information about the Company and its subsidiaries visit the Company’s website, www.tlssinc.com, or public filings at SEC.gov.
The settlements include four (4) outstanding merchant credit advance loans in the aggregate amount of approximately $1,600,000 and a Senior Secured Promissory Note (“Secured Note”) in the approximate amount of $100,000 as well as the cancellation of 40,300 common stock warrants that were issued in connection with the Secured Note. TLSS will pay approximately $1,100,000, in the aggregate, to settle the debts (together, the “Debt Settlements”).
Working Closely with ECommerce Partners to Ensure Delivery Continuity Amid COVID-19 WEST PALM BEACH, FLORIDA, March 19, 2020 -- via NEWMEDIAWIRE -- Transportation and.
Mr. Giordano has more than thirty-years of strategic, operational and operations experience in leading start-up businesses, turnaround situations and emerging growth companies, as well as an extensive background with public companies, mergers and acquisitions and capital raising. For example, in February 2013, Mr. Giordano joined WPCS International Incorporated as a member of its board of directors.
PCG Advisory to Develop a Communications and Awareness Strategy for Growing Logistics and Transportation Company WEST PALM BEACH, FLORIDA, March 03, 2020 -- via.
New York, New York--(Newsfile Corp. - February 26, 2020) - The e-commerce market, led by industry giants Amazon, Apple, and Walmart, is expected to become a more than $4.8 trillion economy by the year 2021. And, while investors may have done well by recognizing the growth potential in those companies more than two decades ago, the opportunity to catch the derivative opportunities may still provide a lucrative return. Transportation and Logistics Systems, Inc ...
GRC’s 30-Year Intermodal Business Will Expand TLSS’ Logistical Capabilities WEST PALM BEACH, FL, Feb. 21, 2020 -- via NEWMEDIAWIRE -- Transportation and Logistics.