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SmallCapReview's
Four Current "Focus
Stocks" have each gained between 31 and 82 percent since
their introduction.
Today, we are introducing Last
Mile Logistics (OTCBB: LMLG) whose
clients have included Pier 1
Imports, Crate & Barrel, Sony, The Sharper Image, Walmart.com,
Panasonic, Brookstone, Golden Technologies, Herman Miller,
Mitsubishi, LG, JC Penney, MasterBrand and others. After market close the Company announced first quarter revenues
increased 37% versus first quarter '07.
Press
Release: Last
Mile Logistics Group Reports 37% Revenue Increase in 1st Quarter
Last
Mile Logistics (LMLG)
Website:
Last
Mile Logistics
Servicing
the Last Mile to the Customer.
For
more information on LMLG visit here.
Overview
Last
Mile Logistics is a
service oriented third-party logistics (3PL) provider in the
Mid-Atlantic market, focused on servicing the "last
mile" of transportation to customers. Companies outsource all
aspects of the delivery order process to LMLG: including local
storage, scheduling, inside delivery, assembly and removal of
packaging.
LMLG's last mile logistics services
include door-to-door delivery of merchandise, such as furniture,
appliances, electronics, entertainment equipment, bedding, medical
equipment, exercise equipment as well as the assembly and
installation of such items.
Last Mile Logistics Group provides
same-day and rush on-demand courier services in addition to
scheduled same-day route delivery of packages and other items;
customer scheduling within designated time window; pickup and
delivery of merchandise; temporary storage of merchandise;
assembly and placement of merchandise at customer's residence;
cross-docking and safe storage of merchandise; and reverse
logistic services, such as picking up, storing, packaging, and
transporting customer returns.
LMLG was created to address a
market gap: The lack of nationally-scaled 3PL company who service
the delivery needs of heavy and high-value consumer goods. This
can be frustrating for business that ship nationally, as they have
to find a number of local logistics providers of varying quality
and levels of service, and then hope that their product arrives
and is set up adequately. A strong national provider can improve
on quality of service and costs of product delivery. The market
for third-party logistics support is strong, and will only improve
as increasing numbers of businesses sell products online to buyers
across the nation.
LMLG Investor
Summary
- Announced first
quarter revenue of $560,834, a 37% increase over 2007 first
quarter revenue. This trend follows the fourth quarter 2007
revenue increase of 46% compared to the prior year.
- Freight revenue
increased 63.5% in the 1st quarter of '08, in part because the
Company was able to add 8 new freight customers.
- The Company has experienced a
30% average annual growth rate, in their first 6 years of
operations.
- LMLG delivers for Mitsubishi,
Sony, Serta, LG, The Home Depot, Pier 1 Imports, Lowe's,
Panasonic, Walmart, JCPenney and many others.
- At year-end 2007, LMLG had
contracts with approximately 60 customers.
- LMLG has been servicing the
Mid-Atlantic market for last mile services for many years.
- LMLG's
goal is to acquire last mile logistics organizations in an
expanding number of locations to build a strong national brand
for last mile delivery. There are no dominant providers
in the home delivery of heavy freight.
- Announced that
it was awarded last mile storage and delivery services for a
Fortune 500 paper supplier through an agency relationship with
a Top 100 third party logistics company (3PL).
- Recently
announced it has been awarded a contract to deliver cabinets
to customers' homes for one of the nation's premier cabinet
manufacturers. The cabinets are being sold through various
retail channels, including the nation's largest home
improvement retailers.
- Announced it has
initiated regional delivery and assembly services for a
leading Internet furniture retailer, offering over 12,000
items from some of the leading furniture manufacturers.
- Much of the growth realized by
LMLG is from online sales of consumer goods, According to
MarketingVox.com, online sales are well over the $100 billion
a year mark, and they continue to grow.
- The U.S. third party logistics
services industry was valued at nearly $114 billion in 2006, a
9.5 percent increase over the previous year. The global 3PL
market was valued at nearly $400 billion and produced 12
percent year-over-year growth.
- LMLG can analyze a client's
current "last mile" process and begin to immediately
remedy existing problems. LMLG
helps reduce emissions and the carbon footprint of businesses
by consolidating freight and running efficient routes. It also
helps to reduce business costs and enhance customer service.
- Retailers are electing to
outsource delivery services in order to reduce capital
expenses. This trend is expected to continue, with LMLG
well-positioned to benefit and succeed as a provider of last
mile services.
- There are tremendous
opportunities for greater market density, resource
efficiencies, last mile technology applications and brand
creation. LMLG's business model, which provides more than just
basic freight shipping to customers, is clearly filling a need
for a unique service in this market space.
Recent News
and Press Releases
Last
Mile Logistics Group Reports 37% Revenue Increase in 1st Quarter
Last
Mile Logistics Group Awarded Distribution Services for Top 100 3PL
Last
Mile Logistics Group Files Quarterly Report
Last
Mile Logistics Group Improves Delivery, Partners With CXT Software
Local
3PL Providers Like Last Mile Logistics Part of Near-Sourcing Trend
Local
Supply Chain Logistics Reduces Carbon Footprint, Saves on Costs
Last
Mile Logistics Group, Inc. Announced as Winner in National
Business Plan Competition
Last
Mile Logistics Group Initiates Services for Online Furniture
Retailer
Contacts
Last Mile Logistics
6675 Amberton Drive, Suite 12
Elkridge, MD 21075
Phone: 301.931.1771
Fax: 301.937.6810
Financials
Approximate as of May
30, 2008
Market
Cap: 4.4
M
Outstanding Shares:
55.3
M
52 High/
Low: $1.25
/ $0.07
Price: $0.09
Ticker:
LMLG
For
more information on LMLG visit here.
For the latest news on the
small-cap market visit our site
here.
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