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talk about confidence.....insiders recently bought about 8.5 million shares on the open market between .10 & .32!! see item 5 c!
Item 5. Interest in Securities of the Issuer
(a) The aggregate number of common shares of the Company beneficially owned by Mr. and Mrs. Waltzer is 8,439,000, of which 5,984,000 are held in the name of Kevin Waltzer and 2,455,000 are held in the name of Lisa Waltzer. Based upon a review of the Company's Form 10-QSB filed with the US Securities and Exchange Commission on May 17, 2004, the aggregate holdings of Mr. and Mrs. Walter represent approximately 21.3% of the issued and outstanding common shares of the Company. The shares held in the name of Kevin Waltzer represent approximately 15.1% of the Company's issued and outstanding common shares and the shares held in the name of Lisa Waltzer represent approximately 6.2% of the Company's issued and outstanding common shares.
(b) Kevin Waltzer has sole voting power and sole dispositive power with respect to 5,984,000 common shares held in the name of Kevin Waltzer and Lisa Waltzer and Kevin Waltzer have shares voting power and shared dispositive power with respect to 2,455,000 common shares held in the name of Lisa Waltzer.
(c) The acquisition of the Company's common shares by Kevin Waltzer was effected in 59 open market transactions from May 28, 2004 through June 15, 2004 at prices ranging from $.102 per share through $.325 per share. The acquisition of the Company's common shares by Lisa Waltzer was effected in 35 open market transactions from May 26, 2004 through June 10, 2004 at prices ranging from $.09 per share through $.245 per share.
TRPL Medical Division Announces UN Agencies evaluating HIV Rapid Test Kit and Launches Worldwide Sales Campaign Tuesday August 31, 8:00 am ET HIV (1 & 2) home testing kit provides over 99% accuracy rate
EAST ORANGE, N.J., Aug. 31, 2004 (PRIMEZONE) -- Transportation Logistics International, Inc. (OTC BB:TRPL.OB - News) announced today that its wholly owned subsidiary, Advanced Medical Diagnostics (AMD), has met with senior officials at the United Nations Headquarters in New York City to evaluate the use of AMD's HIV (1+2) Home Rapid Test Kit. ADVERTISEMENT
Michael Gilbert, AMD's President commented, ``United Nations agencies, in New York, Washington and Geneva have been contacted, sent samples, and are evaluating our Kit for worldwide use. At the request of three West African nations, as well as UNAIDS and the World Health Organization (WHO), the effectiveness and accuracy of the HIV (1+2) Home Rapid Test has been tested and approved from China to France.''
AMD's kit tests simultaneously for both HIV 1 and 2 with an accuracy rate of over 99%. The company believes this kit is one of only a few in the world that performs this dual test; it is by far the least expensive. No home HIV (1+2) Rapid Test Kit at any price is currently available in the United States. AMD reiterates its previous announcement that it has no intention to seek FDA approval at this time.
AMD further announced that it is launching a worldwide sales campaign to introduce the company's HIV (1+2) Home Rapid Test Kit.
Gilbert added, ``The rampant spread of AIDS throughout the world starts with the HIV virus. To easily and quickly identify those who need treatment, it is our belief that the Health Ministry in every country will choose to distribute our HIV (1+2) Rapid Test Kit at no cost to the individual. The earlier HIV can be detected, the sooner treatment can start. No one should be denied the right to find out whether they are infected, and at a cost of under $4.00 each, no one needs to be.''
Gilbert further reiterated, ``I'll be visiting Ministries of Health in West Africa, along with Ibrahima Ciss, our Vice President of African Sales, starting next week. Our Vice President for South America, Luis Castillo, is already shuttling between South American capitals, and believes his first order will come imminently from Brazil or Peru.''
AMD anticipates the average order size for its HIV (1+2) Rapid Test Kit to range between 1,000,000 to 3,000,000 units, per ordering country.
In the fight to contain the spread of AIDS, AMD stands by its product's motto ``Recognition is the First Step''.
AMD donates HIV (1+2) Rapid Test Kits to the Grace Children's Foundation for free distribution to all children's foster homes in China.
The information in this Press Release includes certain forward-looking statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will provide to be correct. Factors that could cause results to differ include, but are not limited to successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties.
Contact:
Transportation Logistics Int'l, Inc. Mike Margolies, Chairman of the Board 973.266.7020
-------------------------------------------------------------------------------- Source: Transportation Logistics International, Inc.
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TRPL'S Advance Medical Division's South American Sales Thursday September 9, 8:00 am ET
GARRISON, N.Y., Sept. 9, 2004 (PRIMEZONE) -- Transportation Logistics Int'l, Inc. (OTC BB:TRPL.OB - News) announced today that its Advanced Medical Diagnostics (AMD) division has signed a Letter of Intent Agreement for the exclusive distribution of their HIV Test Kit with InterAmericas Trading Solutions Assesoria, Consultoria E Representacao Ltda., whose headquarters are in Sao Paulo, Brazil. InterAmericas plans to market AMD's HIV (1&2) Rapid Test Kit throughout Brazil, and to order 100,000 kits for an inventory to fill its customers needs. ADVERTISEMENT
InterAmerica has already started on the necessary product testing, certification and registration required by the Brazilian Health Ministry, and expects clearances within the next three months.
Michael Gilbert, AMD's president, had this to say: ``This first agreement is in keeping with our global sales strategy; we expect many more to follow. A report on the African response to our HIV (1&2) Home Test Kit will be forthcoming shortly, and we expect imminent orders, especially from West Africa nations.''
``We just received a positive and enthusiastic reception of our HIV Kit from UNIFEM, the United Nations Development Fund for Women.''
Additionally, a Peruvian based organization ``Redess Jovenes'' (``The National Network for the Advancement of Education, Sexual Health and Youth Development'') has requested 500 kits for research studies to be conducted at two hospitals in southern Peru: ``Pedro Lopez Silva'' and ``Maria Auxiliadora''; these hospitals provide care primarily to HIV/AIDS infected persons.
For further information contact Mike Margolies at 845-424-4100.
The information in this Press Release includes certain ``forward-looking'' statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will provide to be correct. Factors that could cause results to differ include, but are not limited to successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties.
-------------------------------------------------------------------------------- Source: Transportation Logistics International, Inc.
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Advanced Medical Diagnostics Confirms Brazil Order Thursday September 16, 9:00 am ET
GARRISON, N.Y., Sept. 16, 2004 (PRIMEZONE) -- Transportation Logistics Int'l, Inc. (OTC BB:TRPL.OB - News) confirmed today that its Advanced Medical Diagnostics (AMD) division has received a firm commitment order for 100,000 of its HIV (1&2) Rapid Test Kit for distribution in Brazil. ADVERTISEMENT
``Our HIV (1&2) Rapid Test Kits are priced to sell for US$4.00 each. This represents a bottom line profit in excess of $1.00 per kit for AMD,'' said Michael Gilbert, President of AMD. Gilbert also commented, ``Once product testing, certification and registration, as required by the Brazilian Health Ministry is completed, we anticipate orders between 1,000,000 and 5,000,000 units of our Rapid Test Kits from Brazil alone. In dollar terms, such orders could represent approximately US$4,000,000 to US$20,000,000 in revenue. Profit to the company would be significant.''
AMD's kit tests simultaneously for both HIV 1 and 2 with an accuracy rate of over 99%. The company believes this kit is one of only a few in the world that performs this dual test; it is by far the least expensive. No home HIV (1+2) Rapid Test Kit at any price is currently available in the United States. AMD reiterates its previous announcement that it has no intention to seek FDA approval at this time.
In the fight to contain the spread of AIDS, AMD stands by its product's motto ``Recognition is the First Step''.
For further information contact Mike Margolies at 845-424-4100.
The information in this Press Release includes certain ``forward-looking'' statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will provide to be correct. Factors that could cause results to differ include, but are not limited to successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties.
Contact: Transportation Logistics International, Inc. Mike Margolies (845) 424-4100
-------------------------------------------------------------------------------- Source: Transportation Logistics International, Inc. http://biz.yahoo.com/pz/040916/63946.html
Press Release Source: Transportation Logistics International, Inc.
AMD Receives Positive Reception of Its HIV Test Kit from UNIFEM, the United Nations Development Fund For Women Friday September 24, 4:00 pm ET
NEW YORK, Sept. 24, 2004 (PRIMEZONE) -- Transportation Logistics Int'l, Inc. (OTC BB:TRPL.OB - News) announced today that its Advanced Medical Diagnostics (AMD) division has received a positive and enthusiastic reception of our HIV (1&2) Rapid Test Kit from UNIFEM, the United Nations Development Fund for Women. ADVERTISEMENT
Michael S. Gilbert, AMD's President, was quoted as saying, ``In a recent report UNIFEM stressed the desperate need to address HIV's impact on women. ''Our test kits coupled with their educational campaign, creates an excellent strategy for UNIFEM.``
AMD's kit tests simultaneously for both HIV 1 and 2 with an accuracy rate of over 99%. The company believes this kit is one of only a few in the world that performs this dual test; it is by far the least expensive. No home HIV (1+2) Rapid Test Kit at any price is currently available in the United States. AMD reiterates its previous announcement that it has no intention to seek FDA approval at this time.
Advanced Medical Diagnostics (AMD) has also received an initial order from a Peruvian based organization ``Redess Jovenes'' (``The National Network for the Advancement of Education, Sexual Health and Youth Development''). They have requested 500 Kits for research studies to be conducted at two hospitals in southern Peru: ``Pedro Lopez Silva'' and ``Maria Auxiliadora''; these hospitals provide care primarily to HIV/AIDS infected persons.
In the fight to contain the spread of AIDS, AMD stands by its product's motto ``Recognition is the First Step.''
The information in this Press Release includes certain ``forward-looking'' statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will provide to be correct. Factors that could cause results to differ include, but are not limited to successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties.
Contact: Mike Margolies (845) 424-4100
------------------------------------------------------------------------ -------- Source: Transportation Logistics International, Inc.
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TRPL -- Transportation Logistics International, Inc. Com (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Transportation Logistics Makes Major Acquisition
GARRISON, N.Y., Sep 28, 2004 (PRIMEZONE via COMTEX) -- Transportation Logistics Int'l, Inc. (OTCBB:TRPL) announced today that it has signed a preliminary agreement to acquire a majority interest in Compagnie Logistique De Transports Automobiles (CLTA), a major French transportation organization. CLTA, is headquartered in Nugent sur Oise, France, a suburb 35 miles north of Paris. It is a twenty year old company with over 130 employees, 90 trucks and revenue in excess of $18,000,000 a year.
CLTA's principal activities involve the warehousing of approximately 8,000 Peugeot and Citroen cars for the manufacturer, and then doing the final dealer preparation work prior to delivery throughout Europe. In addition, CLTA does brake installations and testing of new cars for Peugeot.
Michael Margolies, TRPL's Chairman and CEO, was excited: "This acquisition does a lot of good things for Transportation Logistics. Most important, it will provide cash flow needed for products, promotion and sales by TRPL's other divisions, especially Advanced Medical and J&J Marketing.
"CLTA has already signed an additional contract with Peugeot which takes effect on January 1, 2005 and is valued at over $4,000,000 in additional revenue per year. We've also identified another acquisition candidate in Europe which would blend perfectly with CLTA. This logistic foothold outside the U.S. opens numerous dramatic opportunities for us, and we plan to take advantage of as many of them as we can."
For further information contact Mike Margolies at 845-424-4100.
SOURCE: Transportation Logistics International, Inc.
The information in this Press Release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will provide to be correct. Factors that could cause results to differ include, but are not limited to successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties.
By Staff
(C) 2004 PRIMEZONE, All rights reserved.
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INDUSTRY KEYWORD: Biotechnology SUBJECT CODE: TRANSPORTATION ACQUISITIONS Mergers and Acquisitions
Press Release Source: Transportation Logistics International, Inc.
Transportation Logistics Cancels Plans for Reverse Stock Split Thursday September 30, 8:30 am ET
GARRISON, N.Y., Sept. 30, 2004 (PRIMEZONE) -- Transportation Logistics Int'l, Inc. (OTC BB:TRPL.OB - News) announced today that its Board of Directors has decided to withdraw its proposal regarding a reverse stock split.
The Company filed preliminary proxy materials with the Securities and Exchange Commission on September 24. The preliminary materials included a proposal that the shareholders authorize a reverse stock split. The Board has decided that a reverse stock split is not required at this time, and so will eliminate that proposal from the proxy materials. Amended preliminary proxy materials will be filed shortly.
For further information, contact Mike Margolies at 845-424-4100.
The information in this Press Release includes certain ``forward-looking'' statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will provide to be correct. Factors that could cause results to differ include, but are not limited to successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties.
-------------------------------------------------------------------------------- Source: Transportation Logistics International, Inc.
Press Release Source: Transportation Logistics International, Inc.
TRPL Completes Its Biggest Acquisition Ever Wednesday October 6, 9:57 am ET
NEW YORK, Oct. 6, 2004 (PRIMEZONE) -- Transportation Logistics Int'l, Inc. (OTC BB:TRPL.OB - News) announced today that on Friday October 1, in Paris, France, it completed the acquisition of 60%, the controlling interest in Compagnie Logistique De Transports Automobiles (CLTA). ADVERTISEMENT
Three seats on CLTA's five-person board will be appointed by TRPL. They are Michael Margolies, Kevin Waltzer, a major TRPL shareholder, and Michael Gilbert, President of TRPL's Advanced Medical Diagnostics subsidiary.
On Saturday October 2, 2004, CLTA moved its corporate headquarters and primary dispatching functions to Chambry, France, a small town about 35 miles north of Paris. This will enable CLTA to increase its Peugeot parking facilities from 8,000 to 10,000 vehicles.
Michael Margolies, TRPL's Chairman and CEO commented, ``I just returned from five days in France overseeing the transition to TRPL management of CLTA, and I am convinced that we have made a dramatic move in rebuilding our company.'' ``The revenue figures, while large, are only a small part of the picture. We expect to do over 20 million dollars in our first year of operations under TRPL.
``In addition to one new signed contract which starts January 1, we are bidding on others. We are actively working on an acquisition opportunity previously announced. We believe that our CLTA management team led by Michel Marstal and Dominique De Maio are capable of running an organization much, much larger than CLTA's present size, and it's our intent to give them that opportunity, to the ultimate benefit of TRPL and its shareholders.''
The information in this Press Release includes certain ``forward-looking'' statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will provide to be correct. Factors that could cause results to differ include, but are not limited to successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties.
Contact: Transportation Logistics International, Inc. Mike Margolies (845) 424-4100
------------------------------------------------------------------------ -------- Source: Transportation Logistics International, Inc.
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Press Release Source: Transportation Logistics International, Inc.
AMD Unveils Plan for Hepatitis 'B' Rapid Home Test Tuesday October 26, 10:10 am ET
GARRISON, N.Y., Oct. 26, 2004 (PRIMEZONE) -- Transportation Logistics Int'l, Inc. (OTC BB:TRPL.OB - News) announced today that its Advanced Medical Diagnostics division plans to manufacturer, distribute, promote, and sell its breakthrough Hepatitis ``B'' Rapid Home Test. The Test has been laboratory tested for AMD by a lab in China. Laboratory testing was expedited due to the high demand for the Hepatitis ``B'' Rapid Test from AMD's existing South American distributor. Some of the health ministries that are already in the process of reviewing AMD's HIV (1+2) Rapid Test Kit have also expressed interest in the Hepatitis Test.
AMD believes that a home whole blood test for Hepatitis ``B'' is a natural business compliment to its HIV (1+2) Rapid Test Kit. Health agencies in South America have agreed to ``Fast Track'' the registration process.
For further information contact Mike Margolies at 845-424-4100.
The information in this Press Release includes certain ``forward-looking'' statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will provide to be correct. Factors that could cause results to differ include, but are not limited to successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties.
Contact: Transportation Logistics Int'l, Inc. Mike Margolies (845) 424-4100
------------------------------------------------------------------------ -------- Source: Transportation Logistics International, Inc.
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