$$ $PTAH$$$$ latest UPDATE Earnings coming in th
Post# of 144476
Posted On: 11/13/2014 5:22:07 AM
$$ $PTAH$$$$ latest UPDATE Earnings coming in the next week or two and more news on another acquisition...
The receipt of a $5.0 million revolving line of credit from TCA Global Master Credit on August 1, 2014, allows the Company to expand its operations through equipment purchases and acquisitions. The first acquisition under the line of credit was Crane Creek Trucking. This should add $1.5 million in annual revenues. By then end of the 4th quarter the Company expects to be utilizing 12 company units and 5 owner operators.
With funding available, the Company is planning another acquisition of an Iowa based trucking company that will develop additional annual revenues of $1.5 million.
This is another significant event in our development and growth plans. The credit facility with TCA forms a key pillar in our funding capability and, with another strong funding partner behind us, demonstrates to customers, partners and targeted acquisitions collectively that we are in a position to execute. The Company is prepared to file its 3rd quarter 2014 report within 45 days end of period.
The receipt of a $5.0 million revolving line of credit from TCA Global Master Credit on August 1, 2014, allows the Company to expand its operations through equipment purchases and acquisitions. The first acquisition under the line of credit was Crane Creek Trucking. This should add $1.5 million in annual revenues. By then end of the 4th quarter the Company expects to be utilizing 12 company units and 5 owner operators.
With funding available, the Company is planning another acquisition of an Iowa based trucking company that will develop additional annual revenues of $1.5 million.
This is another significant event in our development and growth plans. The credit facility with TCA forms a key pillar in our funding capability and, with another strong funding partner behind us, demonstrates to customers, partners and targeted acquisitions collectively that we are in a position to execute. The Company is prepared to file its 3rd quarter 2014 report within 45 days end of period.
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