Last Mile Logistics Group Awarded Distribution Services for Top 100 3PL
ELKRIDGE, MD -- (MARKET WIRE) -- 05/28/08 -- Last Mile Logistics Group, Inc. (OTCBB: LMLG), a leading provider of last mile delivery and related services in the Mid-Atlantic market, announced today 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). Brian Flood, President of LMLG, stated, "We are pleased to be chosen as the last mile provider for these services. With our focus on timely, inside delivery of heavy and high value goods, these products will add to our diverse mix of merchandise co-mingled for cost-effective, high value services for our clients."
Flood shared that based on projections provided by its 3PL partner, this specific client could generate an additional 20% to LMLG's annual revenue, amounting to over $2 million in revenue over a five year period. He added, "We see this relationship as a continuation of the trend for companies to outsource to last mile providers that focus on ensuring reliable delivery to the customer's specific destination, not just to their dock. As companies look to reduce their costs while enhancing their service capabilities, last mile providers are proving their value."
About LMLG
Last Mile Logistics Group, Inc. (LMLG) focuses on the "last mile" of delivery and related services for heavy and high value goods, and conducts all it business operations in the Mid-Atlantic market through its subsidiary Chesapeake Logistics LLC (http://www.cheslogistics.com). LMLG handles all aspects of the delivery process, including customer scheduling, delivery, assembly, and packaging removal. By outsourcing its customer delivery process to Last Mile Logistics, companies can improve their customer service, reduce their logistics costs, and focus on core competencies. The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. Last Mile Logistics Corporate Inquiries Email : IR@lastmilelogisticsgroup.com
2008-05-28 17:20:21 0372250 MARKETWIRE
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