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ORDER LOGISTICS INC (U-ODLG) - News Release "Order Logistics Announces Record Revenues and Gross Profit for First 4 Months of 2006"
2006-06-27 10:30 ET - News Release
URBANA, IL -- (MARKET WIRE) -- 06/27/06
Order Logistics, Inc., (PINKSHEETS: ODLG) (www.orderlogistics.com) announced that it achieved a gross profit of $1,163,946 on revenues of $5,246,104 during the first four months of 2006. In addition, total assets were $12,309,131 and total liabilities were $8,582,140 with stockholders equity of $3,726,991 as of 4/30/06.
"We are very excited about our progress during 2006 thus far," stated Brian Griffin, President of Order Logistics. "Our Solve (IT)2 platform is fully functional with several customers and our suite of solutions are expanding to all areas of the supply chain. As we welcome the addition of the eBridge Solutions (www.ebridgesolutions.com) software and customers to our technology suites during the second half of 2006, the combined capabilities complete a full supply chain technology solution. Our company provides a real departure from the traditional product driven solutions market as we differentiate ourselves as a 3rd Party Solutions Provider or "3PS."
Order Logistics' Solve(IT)2 technology platform and solutions empower companies to manage the entire supply chain from their desktop all the way from procurement of raw materials, load optimization, carrier selection, load tender, shipment tacking, payment and a comprehensive supply chain data repository. This web-based platform helps companies view the supply chain as a whole with the goal of reducing the overall cost of that enterprise.
About Order Logistics
ORDER LOGISTICS, Inc. is helping great companies discover, manage and execute their most effective global supply chain strategies.
The Order Logistics' team, technology, solutions, and dedicated transportation resources allow organizations to have world-class visibility, information and controls without disrupting existing plans, processes, partnerships, and information systems. By leveraging technology, business solutions, operational expertise, and a centralized capacity network of transportation providers to take advantage of logistical opportunities, Order Logistics provides end-to-end solutions for its customers. This allows each customer to gain control over their unique distribution network and utilize their existing information systems to their full capacity.
Note: Except for the historical information contained herein, this news release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors. The forward-looking statements contained in this news release represent judgments of the management of Order Logistics as of the date of this release. Order Logistics and its managers and agents undertake no obligation to publicly update any forward-looking statements.
For more information, contact: Investor Relations Lynx Consulting Group, Inc. 866-500-8985
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Business Description: Order Logistics was founded in 2005 and has begun implementing its plans for helping great companies discover, manage and execute their most effective global supply chain strategies. Order Logistics is committed to deliver value to the market with a Web-native, collaborative logistics solution by providing a single, integrated technology platform while providing warehousing and capacity.
State of Incorporation: Delaware
Country of Incorporation: USA Year of Incorporation 2005
Officers: Brian Griffin, President; Kevin P. Brennan, CFO
Fiscal Year End: June 30
Edgar Filing Status: Non EDGAR Filer
Sedar Filing Status: Non SEDAR Filer
Outstanding Shares: 60,000,000 as of 2006-01-31
Estimated Market Cap: Not Available Authorized Shares: 100,000,000 as of 2006-01-31 Float: 10,050,000 as of 2006-01-31
Current Capital Change: shs decreased by 1 for 100 split Ex-Date: Record Date: Pay Date: 2005-12-13
Dividends:
Company Notes: Formerly=Aspen West Group, Inc. until 2-97 Formerly=United Golf Products Inc. until 12-05
Transfer Agent: Not Available
The information provided here has been obtained from publicly available
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