OTC Markets Group uses cookies and similar technologies to help us understand how you use our websites, as further disclosed in our Privacy Policy. Our Terms of Service contain important information including restrictions on your use of our websites. By clicking “Accept”, or by continuing to use our websites, you consent to the use of cookies and agree to the terms of the OTC Markets Group Privacy Policy and Terms of Service.
Unisource Shareholder Update On Latest Corporate Activities
Miami, FL — June 10, 2015, Unisource Corporate Corporation (OTC Markets: USRC) has issued the following statement to update shareholders on the latest corporate activities:
Since our acquisition of Top Flight Concepts in May of 2014, Unisource has focused on internal growth of our operations. This two-year operating plan, adopted in 2014, has achieved significant improvement in earnings results. For the fiscal year 2013, Unisource reported earnings of $-0.02 per share. For the fiscal year 2014, we reported earnings of $0.00 per share, or break even. Reported revenues during the period also increased dramatically. From a performance and EPS point of view, Unisource is now much stronger than a year ago. The company believes that this growth will continue to accelerate into 2016.
In a further effort to increase existing shareholder value, Unisource has not issued any new stock since the Top Flight Concepts deal was closed over a year ago. Moreover, no new shares have been registered as “free trading” for over 36 months.
Additionally, as announced at the end of 2014, Unisource has embarked on a total realignment of our operations. This has resulted in significant operational cost savings and overall margin improvements. Our final step in this process began on June 1, 2015, and it is our belief that this implementation will increase net margins as much as 25% over the next nine months. This includes the acquisition of multiple new, high-margin customers who we have not announced due to competitive concerns. All of these customers have signed multi-year service agreements with Unisource, which translates to significant and ever-increasing contracted revenue improvements to Unisource not just for 2015, but 2016 and 2017 as well. As an example of the potential revenue scale, one of these new customers is a New York Stock Exchange listed market-leading provider of wireless telecommunications services. Unisource software and services are now rolling out on a national basis with this client.
Unisource is also currently in discussions with another potential M&A target for a similar type of transaction as we achieved with Top Flight Concepts last year. Although not a completed deal, the company will continue to pursue these types of engagements, all of which have the potential to substantially increase shareholder value.
For additional information on Unisource please visit www.unisourcecorp.com or call +1 (561) 228-5181.
About Unisource
Unisource, (OTC Markets: USRC), a global transportation and logistics management company, aggregates third-party logistics (3PL) service companies as well as cloud-based logistic applications to improve efficiencies and deliver significant cost savings to users worldwide. In November 2012, USRC acquired Visionship, a SaaS-based proactive transportation management system, which delivers predictive, in-transit transportation data to users driving significant cost savings to manufacturers, distributors and carriers. In June 2014, USRC acquired Top Flight Concepts, a market leader in development of innovative customized freight management solutions, as well as TFConnect®, a complete shipping management system designed to directly connect shippers, brokers and carriers to facilitate all facets of shipping and freight data management. Serving all transportation modes, USRC provides core logistics services to users for ALL modes of shipping. With ability to ship anything, USRC currently operates in multiple industries of manufacturing including: automotive, printing, telecommunications, electronics, industrial products, food grade products, packaging, household and consumer goods among others. www.unisourcecorp.com
Forward-Looking Statements Disclosure
This release contains forward-looking statements that reflect Unisource Corporate Corporation’s plans and expectations. In this press release and related comments by Company management, words like "expect", "anticipate", "estimate", "forecast", "objective", "plan", "goal", "position", "equate", and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.
Unisource Investor Relations, (561) 228-5181
###