UDS Addresses Shareholders on Current Status of Company
January 12 2011 - 4:00AM
Marketwired
Universal Delivery Solutions, Inc. (UDS) CEO addresses shareholders
on current status of the company. UDS is the operating unit of
Delivery Technology Solutions, Inc. (PINKSHEETS: DTSL), the leader
in delivery management technology.
"2010 was a significant year for our company in many ways,"
stated Ryan Coblin, CEO. "After years of pilot studies, market
research and technology development, in the fourth quarter, we
finally transitioned into the operational growth and revenue
generation phase of our business. I am happy to report that for the
year ending December 31, 2010, our revenues were the highest in the
company's history. In 2010, we generated approximately $200,000 of
top line revenue, of which approximately $120,000 of that was
generated in the fourth quarter. Year over year, this approximated
a 90% increase from 2009. We are very encouraged to report that we
are seeing significant follow-through momentum as a result of our
sales and marketing efforts. We further believe that the upward
surge in top line revenues will continue to grow as we progress
through 2011. As previously mentioned, we are projecting top line
revenues to grow to approximately $13 million for 2011, and $23
million for 2012.
"We are continuously building our sales and marketing
initiatives, and as recently released, we have begun to implement a
Business to Business rewards and referral program. We will also be
instituting social media networking and marketing in the coming
months. We believe that the branding of our services in as many
forums as possible will enable us to bring significant revenues to
the company, as well as our shareholders and we continue to be
committed to growing the company as rapidly as possible. Companies
like Hewlett-Packard, Office DepotĀ®, T-MobileĀ®, Citrix Systems,
Empire Carpet and a host of others have used our platform for their
large scale catering events. We are looking to broaden our
relationships with them through the addition of our preferred
partner program that will enable all of our clients, new and old,
to work with each other. By working with all of these large
companies and organizations, we believe all the data that we
collect will add tremendous intrinsic value for our company. We
continue to maintain our commitment to expand our ability to
service as many venues as possible, with as many brand offerings
for our clients. This includes adding additional menu choices with
our services, including adding other nationally recognized brands
as a choice. We look forward to sharing the details of these new
relationships with our shareholders and the investment community in
the coming quarter."
Mr. Coblin continued, "As it relates to our public status, I am
proud to reiterate that in the fourth quarter of 2010, we received
'Current Status' for the first time in the company's reporting
history, and we continue to push toward our goal of becoming a
fully-reporting company with the goal to move to a larger exchange
in 2011. Until such time as we finalize this move, we will continue
to update our disclosure statements on a quarterly basis to
maintain 'Current Status.' With that in mind, now that the fourth
quarter of 2010 has come to a close, we are now able to update our
share structure in advance of our upcoming disclosure statement.
Ending Dec 31, 2010, the company is authorized up to 6 billion
shares. There are 3,912,906,299 billion shares outstanding, of
which 2,481,807,535 billion are in the current float. The increase
in shares outstanding was directly tied to financing utilized by
the company, which was previously mentioned in the CEO update at
the end of 2010. It is important to note, we will only update our
share structure at the end of each quarter and not in the interim.
Additionally, as of today, we are not in the process, nor have we
any intentions at any time in the near future, of recapitalizing
and/or reversing the current share structure. Any and all
suggestions that we are 'planning, completing, or finalizing' a
restructuring or reverse split are erroneous."
"We look forward to continually updating our shareholders in the
coming weeks of all relevant news with regards to our business
relationships and technology enhancements," said CEO Ryan Coblin.
"Please feel free to contact our office at anytime with any
questions."
About: Universal Delivery Solutions, Inc. Universal Delivery
Solutions, Inc. (PINKSHEETS: DTSL) www.universaldelivery.com, is
the leader in providing comprehensive custom-developed
catering/delivery solutions to industries throughout North America.
Universal Delivery Solutions, Inc. (UDS) is wholly-owned operating
subsidiary of Delivery Technology Solutions Inc. The company offers
blended solutions through a seamless system that integrates
Customer Relationship Management (CRM) and Call Center IT services
utilizing a proprietary technology backbone to offer convenience,
consistent quality, flexibility, accountability and value for
consumers and companies.
Safe Harbor: The statements in the press release that relate to
the company's expectations with regard to the future impact on the
company's results from acquisitions or actions in development are
forward-looking statements, within the meaning of the Private
Securities Litigation Reform Act of 1995. The statements in this
document may also contain "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Since this information
may contain statements that involve risk and uncertainties and are
subject to change at any time, the company's actual results may
differ materially from expected results.
Contact: Delivery Technology Solutions, Inc. Mr. Ryan Coblin CEO
561-674-9500
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