Crossy...what SEGZ does is just get stuff to and from corporations several different ways...it is a pure numbers game, margins not great but the numbers are mounting...with a general pick up in the economy and further penetration of add'l Fortune 500 clients, plus add'l consolidations they should meet their forecast made this past June...:
B: Segmentz Projects Earnings and Revenue Growth of over 70% for
B: Segmentz Projects Earnings and Revenue Growth of over 70% for Both Second Qua
TAMPA, Fla., Jun 18, 2003 (BUSINESS WIRE) -- Segmentz, Inc. (OTCBB:SEGZ)
announced projected un-audited revenues of between $3 million and $3.5 million
for the second quarter of 2003. This represents an approximate increase of 75%
over the second quarter of 2002. The Company also expects to post its sixth
consecutive profitable quarter. The Company expects to file its quarterly report
on form 10QSB on or before 8/15/2003.
Based on strong year to date sales and continued growth, through acquisition and
market expansion, the company projects year-end sales between 17 and 20 million,
with projected pretax earnings per share of $.10 to $.15. This would represent
an approximate increase in revenue and earnings of over 70%.
Allan J Marshall, the Company's Chief Executive Officer stated: "Segmentz
continues to accelerate its growth through expanding its strategic markets and
focusing on increasing sales in its core businesses. The growth we continue to
see in the current economic slowdown, in what is historically a slow quarter for
our industry leaves us very upbeat about the second half of 2003. The second
quarter results include less than 60 days revenue from our new Evansville
location, leaving us optimistic for a strong third quarter."
Here is the second qtr:
B: Segmentz Increases Revenues by 86% for the Second Quarter
B: Segmentz Increases Revenues by 86% for the Second Quarter
TAMPA, Fla., Aug 19, 2003 (BUSINESS WIRE) -- Segmentz, Inc. (OTCBB:SEGZ)
announced earnings per share for the six months ended June 30, 2003 of $.04,
compared with $.02 from the six months ended June 30, 2002. The Company met its
revenue and earnings projections for the second quarter, realizing approximately
$3.3 million in revenues and $.02 per share in net income, posting its sixth
consecutive profitable quarter. Revenues increased 86% to approximately $3.3
million for the three months ended June 30, 2003, when compared with
approximately $1.8 million for the three months ended June 30, 2002.
Allan J. Marshall, the Company's Chief Executive Officer stated: "The Company
continues to meet milestones in revenue and earnings and, more importantly, has
continued to develop new business and target acquisition candidates that are
strategically aligned with our company's goals of providing high quality third
party logistics services and building long-term value for our shareholders. We
remain upbeat for the year-end and fiscal year 2004 as we continue to strengthen
our pipeline of new business opportunities in what appears to be an improving
economy."
Here is what they do:
General
Segmentz, Inc. is a third party logistics provider of transportation and management services to its target client base, ranging from mid-sized to Fortune 100™ companies, through its network of terminals in the Southeast and Midwest United States. The Company’s services include:
Domestic Transportation- The Company arranges truckload and less-than-truckload (L-T-L) transportation utilizing company equipment, dedicated owner operator fleet, a nationwide agent network and extensive contract carriers throughout all 48 continental states, Mexico and Canada. Revenues from Domestic Transportation represented approximately 42% of total revenues for the six month period ended June 30, 2003.
Expediting Services- The Company provides local pickup and delivery services on a tight or irregular time schedule through its agent relationships on an overnight or two day basis. Revenues from Expediting Services represented approximately 40% of total revenues for the six month period ended June 30, 2003.
Dedicated Delivery Services- The Company provides its customers with a seamless solution for time-definite ground transportation to become a cost effective and highly reliable extension of the customers’ own distribution system. Revenues from Dedicated Delivery Services represented approximately 18% of total revenues for the six month period ended June 30, 2003
They recently raised funds at roughly market price...usually a positive sign, which could fund add'l consolidation and operating costs for new facitly that is brining in solid flow of business:
8. Subsequent Events
On July 9, 2003, we closed a private placement pursuant to which we issued a total of 2,673,334 shares of our common stock, par value $0.001 per share, and warrants to purchase up to 1,336,667 shares of our common stock, par value $0.001 per share, for $1.25 per share for a period of 5 years, to 58 accredited investors. We received $2,005,000 in consideration for the issuance of the securities, less placement agent fees and other expenses associated with the private placement. The securities were issued pursuant to the exemption from registration provided by Rule 506 of Regulation D, promulgated under the Securities Act of 1933, as amended. Each investor received current information about our company and had the opportunity to ask questions about our company. These investors purchased the securities for investment purposes and the securities they received were marked with the appropriate restrictive legend.
Subsequent to June 30, 2003, the Company entered into discussions with several investors about making investment in the Company under an exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended. Each investor received current information about our company and had the opportunity to ask questions about our company. Several investors have indicated intention to make investment as of the date of this filing, evidenced by the Company’s receipt of funds from these investors, subject to the Company’s review of their accredited investor status. Any securities purchased pursuant to this offering will be marked with the appropriate restrictive legend. |
