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TLS Opens New Logistics Centers in
Manchester, England and Taipei, Taiwan
SANTA CLARA, Calif.--(BUSINESS WIRE)--Sept. 14, 1999--Technology
Logistics Systems (OTC BB:TLOS - news) announced today that, in
conjunction with its affiliates, it will open two new Logistics Centers overseas within the next 45
days.
TLS will open one new Center in Manchester, England -- the first TLS Logistics Center in that
country. Prior to
this, ``We've only done business with a freight forwarder in England -- this is our first real entry
into the logistics
market there,' said Ben Scrimizzi, CEO and President of TLS.
The second new overseas TLS Logistics Center will open in Taipei, Taiwan. This is TLS' first
entry into Taiwan
and opens a whole new market for the company. The establishment of this new Center reflects
Taiwan's growing
importance in the revitalizing Pacific Rim market.
``These new overseas facilities will help us better serve the growing logistics requirements of
our customers --
most of whom are Fortune 100 companies in need of expanded capacity, especially overseas,'
said Scrimizzi.
TLS plans to open both the Manchester, England facility and the Taipei, Taiwan facility within
the next 45 days.
TLS, founded in 1994, focuses on servicing Fortune 500 companies, including: Lucent
Technologies (LU),
On-Command Corporation (ONCO), and Cymer Inc. (CYMI). Recently, TLS announced the
launching of its
e-commerce system and web site -- www.i-tls.com.
Technology Logistics Systems, located in Silicon Valley, provides master warehousing
services, management of
product exchange/returns programs, as well as hands-on operation of remote depots. Demand
for logistics
support is estimated at $4 billion annually, and is growing as companies try to reduce costs and
remain
competitive.
This press release was derived from sources seeming reliable. No assurance can be made that
the information is
accurate, or that projected results will be achieved. Statements in the release are made
pursuant to the ``Safe
Harbor' provisions of the Private Securities Litigation Act of 1995. Investors are cautioned
that like forward
looking statements, certain risks and uncertainties are involved, including without limitation,
continued acceptance
of the company's services, increased level of competition for the company and dependence on
the performance of
the management of the company. |
