Target Logistics Acquires Assets of Capitaland Express, Inc.
03 Ottobre 2006 - 3:21PM
Business Wire
Target Logistics, Inc. (AMEX:TLG), a domestic and international
freight forwarder and logistics provider, today announced that its
wholly owned subsidiary Target Logistics Services, Inc. (�TLSI�)
has acquired certain assets of Capitaland Express, Inc., a freight
forwarder based in Albany, New York, which provides a full range of
services to the upstate New York area. Capitaland Express had over
$10 million of revenue in its fiscal year ended April 30, 2006.
Terms of the acquisition were not disclosed. Capitaland Express was
founded in 1988 by Thomas Valentine, who will stay on and continue
to oversee operations at the Albany station for TLSI. Capitaland
was represented by Herron & Associates LLC in transaction
negotiations with Target. �This acquisition provided an excellent
opportunity for Target to have a seasoned professional lead a group
of veteran employees in a solid market,� Stuart Hettleman, Chief
Executive Officer of Target Logistics said. �We welcome Tom and all
of Capitaland Express into the Target family, and believe their
history of success will continue and be enhanced under the Target
umbrella.� �Joining Target Logistics presented an outstanding
solution for Capitaland Express to provide the advanced IT benefits
that the market requires and for which Target is known,� said
Thomas Valentine, president of Capitaland. �In addition, the
acquisition allows Capitaland to remain�as it has for over eighteen
years-- a valued partner with its customers.� Target Logistics,
Inc. provides domestic and international time definite freight
forwarding and logistics services through its wholly owned
subsidiary, Target Logistic Services, Inc. Target has a network of
offices in 35 cities throughout the United States and a worldwide
agent network with coverage in over 70 countries. Its freight
forwarding services include arranging for the total transport of
customers' freight, including providing door to door service,
distributions and reverse logistics. Statements contained in this
press release that are not historical facts are forward-looking
statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. Although Target Logistics believes
that the expectations reflected in such forward-looking statements
are reasonable, the forward-looking statements are subject to risks
and uncertainties that could cause actual results to differ
materially from those projections. Target Logistics, Inc.
(AMEX:TLG), a domestic and international freight forwarder and
logistics provider, today announced that its wholly owned
subsidiary Target Logistics Services, Inc. ("TLSI") has acquired
certain assets of Capitaland Express, Inc., a freight forwarder
based in Albany, New York, which provides a full range of services
to the upstate New York area. Capitaland Express had over $10
million of revenue in its fiscal year ended April 30, 2006. Terms
of the acquisition were not disclosed. Capitaland Express was
founded in 1988 by Thomas Valentine, who will stay on and continue
to oversee operations at the Albany station for TLSI. Capitaland
was represented by Herron & Associates LLC in transaction
negotiations with Target. "This acquisition provided an excellent
opportunity for Target to have a seasoned professional lead a group
of veteran employees in a solid market," Stuart Hettleman, Chief
Executive Officer of Target Logistics said. "We welcome Tom and all
of Capitaland Express into the Target family, and believe their
history of success will continue and be enhanced under the Target
umbrella." "Joining Target Logistics presented an outstanding
solution for Capitaland Express to provide the advanced IT benefits
that the market requires and for which Target is known," said
Thomas Valentine, president of Capitaland. "In addition, the
acquisition allows Capitaland to remain--as it has for over
eighteen years-- a valued partner with its customers." Target
Logistics, Inc. provides domestic and international time definite
freight forwarding and logistics services through its wholly owned
subsidiary, Target Logistic Services, Inc. Target has a network of
offices in 35 cities throughout the United States and a worldwide
agent network with coverage in over 70 countries. Its freight
forwarding services include arranging for the total transport of
customers' freight, including providing door to door service,
distributions and reverse logistics. Statements contained in this
press release that are not historical facts are forward-looking
statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. Although Target Logistics believes
that the expectations reflected in such forward-looking statements
are reasonable, the forward-looking statements are subject to risks
and uncertainties that could cause actual results to differ
materially from those projections.
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