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To: Bucky Katt who wrote (23727)	3/30/2005 6:09:32 PM
From: Skywatcher	Respond to of 48465

Been slowing adding down here...might just pay off again Segmentz, Inc. Announces Financial Results for Fourth Quarter of Fiscal 2004 Wednesday March 30, 4:01 pm ET TAMPA, Fla.--(BUSINESS WIRE)--March 30, 2005--Segmentz, Inc. (AMEX: SZI - News): * Q4 Revenues Increased 213% to $14.0 Million * Q4 Gross Profit Margins Increased to 24.5% from 17.4% * Full-Year Revenues Increase 189% to $42.5 Million * 44% Organic Proforma Revenue Growth Segmentz, Inc. (AMEX: SZI - News), a provider of transportation and logistics management services to mid-sized through Fortune 500 companies, announced today financial results for the three months ended and the year ended December 31, 2004. Revenues for the quarter increased approximately 213 percent to approximately $13.9 million, compared to approximately $4.5 million for the same quarter last year. The increases in revenue are primarily related to the five acquisitions, a dedicated delivery contract in Evansville, IN., and organic growth in the core operations. Costs of services including transportation costs, fuel, insurance, cross-dock facilities and equipment costs, increased approximately 180 percent to approximately $10.5 million, compared to approximately $3.7 million for the same quarter last year. As a percentage of revenues, cost of services amounted to approximately 75 percent of related revenues for the period ended December 31, 2004, as compared with approximately 83 percent for the period ended December 31, 2003. The change in percentage of cost of services to revenue primarily related to the acquisition of Express-1 Inc. and the significant increase of independent contractors to provide services to our customers. The above increases were offset by continued rental equipment costs and repair costs, costs related to the consolidation of operations and call center functions, and a significant increase in depreciation related to the recent acquisitions, which should begin to decline as the Company integrates equipment plans with operational consolidation. The Company anticipates continuing to integrate, consolidate and eliminate redundant expenses in 2005 and will continue its efforts to transform a significant portion of its fleet to an owner operator model, reduce fixed payroll and reduce equipment costs as the fleet is transformed.