January 05, 2010: 09:00 AM ET
Optimized Transportation Management, Inc. (OTCBB: OPTZ), a supply chain logistics company, is establishing its first company-owned freight brokerage operation in Nashville, Tennessee. The addition of this company owned and operated office will allow OPTZ's brokerage division to generate higher margins than agent brokerage operations alone. Revenues for the Nashville office in the first year are anticipated to be $4 million to $4.5 Million with an estimated 12% net profit margin.
OPTZ's business plan is to build a full service supply chain logistics company by developing a management system for mid-sized manufacturers and distributors, thereby providing the necessary transportation services to complement the system and eventually meeting 100% of the customer's logistical needs.
Larry Berry, Chief Operating Officer of OPTZ, said, "The addition of our first 'Company' store to our freight brokerage operations will provide the company with new customers and will allow us to improve our overall profit margin as we continue to build our agency business. Due to the length and depth of experience of the management team that is joining the Company to operate this office, we are anticipating significant revenue and profit growth over the next few years. We feel this initiative is another step toward becoming a one-stop-shop for our customers."
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About Optimized Transportation Management, Inc.
Optimized Transportation Management, Inc. (OPTZ) is growing to become a full-service supply chain logistics company. The Company has begun implementing its plans for assisting great companies in discovering, managing and executing their most effective global supply chain strategies. OPTZ exists to add real and measurable value throughout the customers' fulfillment process -- with the accent on customers. OPTZ's management team, technology and value-added solutions allow organizations to have world-class visibility, information and controls without disrupting existing plans, processes, partnerships and information systems.
OPTZ's acquisition strategies focus clearly on their ability to provide end to end services for growing global opportunities. The company provides clients with global freight forwarding services, global document management, product staging, a powerful information technology that supports tight integration and total visibility among global factories, suppliers, and end-user customers sourcing product globally.
Additionally, the company focuses on managing warehouse operations in support of existing clients and potential new clients, supporting both domestic and global supply chain strategies. OPTZ operates each of the divisions independently, but sell and add real measurable value collectively. In addition, to the synergies, this approach ensures the quality of internal operations but the joint capabilities provides significant value to the company's clients.
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "intend," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the Company's dependence upon conditions in the air, ocean and land-based freight forwarding industry, the size and resources of many competitors, the need for the Company to effectively integrate acquired businesses and to successfully deliver its primary services, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission, including its most recent Form 8-K, Form 10-Q and Form 10-K filings. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.