USOO... now this looks interesting... selling at .17
bigcharts.com
10-Q: US 1 INDUSTRIES INC
MONDAY, MAY 14, 2001 5:28 PM
- Edgar Online
(EDGAR Online via COMTEX) -- Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATION.
Results of Operations
"...Three months ended March 31, 2001 Compared to the three months ended March 31, 2000
The Company's operating revenues increased from $9.0 million for the three months ended March 31,
to $15.4 million for the same period in 2001. This is an increase of 71.1%. This increase is
attributable to the continued growth at Carolina National Transportation and Keystone Lines, the
expansion of Keystone Logistics, Inc. and the start up of two new Companies, CAM Transport, Inc.
and Unity Logistics, Inc..... "
CIK Code: 0000351498
Accession Number: 0000351498-01-500003
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OTC Market Knowledge would like to introduce to you a company with everything a shareholder
could ask for: record revenues and earnings, top notch management, an excellent track record,
consistent growth, record revenues and earnings, and a low-cost business model. Did we mention
that they have record revenues and earnings?
SPECIAL PLATINUM NEWS ALERT:
GOT EARNINGS...?
Growing through services and partnerships that drive the logistics business - US 1 Industries is
using proven independent contractors to leverage its share of an industry that will grow to $114
billion by 2003.
US 1 Industries, Inc. (OTCBB: USOO) has accomplished its ninth consecutive quarter in which net income
from operations has been greater than the comparative year-ago quarter. For the fourth quarter 2000, net
income derived from operations increased 117 percent to $337,186, compared to $155,285, comparable
quarter in 1999. Revenues for the fourth quarter 2000 increased to $15.7 million compared to $8.7 million in
the same period in 1999.
Marketplace and Trends
There is currently a significant shortage of qualified truck drivers in the U.S., which is putting a strain on the
trucking industry. The logistics business process outsourcing (LBPO) market will grow from $67 billion in
1999 to $114 billion in 2003, according to International Data Corporation (IDC). This should mean an
increase for the types of services US 1 Industries is providing.
Business Model Spurs Profitability
US 1 through its subsidiaries develops, incubates and maintains a nationwide network of independent
trucking and logistics businesses by providing a number of business services that allow them to compete in
the trucking and logistics industry. As primarily a non-asset based trucking, logistics, and service company,
US 1 Industries offers various services to small business owners including; insurance, financing accounts,
risk management, logistic and brokerage services, drug testing, distribution and over-dimensional and
specialized transportation. The company also includes safety management and a number of other services
that small, independent businesses need in order to operate in the trucking and logistics industry.
Subsidiaries
US 1 Industries principal subsidiaries consist of AccuScan National Drug Testing Services, Blue & Grey
Transport, Inc., Cam Transport, Inc., Carolina National Transportation, Inc., Five Star Transport, Inc., Gulf
Line Transport, Inc., Keystone Lines, Keystone Logistic, Keystone Specialized, TC Services and Unity
Logistic Services.
Assessment of USOO
USOO has all the key ingredients of a great long-term investment: Management, Profits, Track Record, and
Growth. From Q4 1999 to Q4 2000, US 1 has increased its revenues 80% and its net income 117%, proving
that they can excel even in a market facing significant challenges. By all traditional formulas, this is a
tremendously undervalued company. It is only a matter of time before investors realize that this company
represents an excellent investment for the long term and reward US 1 with a market valuation in line with its
success.
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biz.yahoo.com
10.6mm O/S --- 7.2mm float.....
I don't own it yet... but I'm watching it closely...
fwiw :-) |
