Optimized Transportation Management Announces Signing of Letter of Intent With Owner Operator Based Carrier Company Reporting Revenue of $7 Million
Marketwire “Press Releases “
PITTSBURGH, PA — (MARKET WIRE) — 11/03/10 — Optimized Transportation Management, Inc. (OTCBB: OPTZ), a supply chain logistics company, has signed a letter of intent to acquire EXP, Inc. , an owner operator based carrier in Chattanooga, TN operating 35 trucks and providing service to a customer base through the Southeast. They also operate a Logistics division. Total revenues are in excess of $7 million .
OPTZ’s business plan is to build a full service supply chain logistics company by developing a management system for midsized manufacturers and distributors, thereby providing the necessary transportation services to complement the system and eventually meeting 100% of the customer’s logistical needs.
Larry Berry , President and Chief Operating Officer of OPTZ, said, “The addition of Express to our Company will allow us to expand our service in the truck load and logistics markets. It will allow us to add other key agents in the van truck load arena. We are excited about the addition of this well-operated company and the extensive expertise it will provide our operation. This acquisition will allow OPTZ to offer additional services to its customers and will complement the recent acquisition of Light Express, a truck load flatbed company.”