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TLSS
Transportation and Logistics Systems, Inc.

Common Stock

0.0001

-0.00005

-33.33%

0.0001 / 0.0002 (1 x 1)

Real-Time Best Bid & Ask: 05:00pm 07/11/2025
Delayed (15 Min) Trade Data: 12:00am 07/11/2025

Transportation and Logistics Systems, Inc.

5500 Military Trail

Suite 22-357

Jupiter, FL 33458

Business Description
The Company is a publicly-traded holding company. Until February 16, 2024, certain of its wholly-owned subsidiaries provided transportation and logistics services, when such subsidiaries recently ceased operation.
Financial Reporting
Reporting Status
U.S. Reporting: SEC Reporting
Audited Financials
Audited
Latest Report
CIK
0001463208
Fiscal Year End
12/31
Company Officers & Contacts
Sebastian Giordano
President, CEO, CFO

For the past twenty years, Mr. Sebastian Giordano has been CEO of Ascentaur, LLC ("Ascentaur"), providing C-Level consulting services to a diverse roster of clients, including start-ups, turnarounds, and established businesses across many industries, including providing consulting services to the Company since February 2020. Currently or within the last 5 years, he has served on the Boards of Directors of AYRO, Inc., a NASDAQ listed electric vehicle manufacturer, WPCS International Incorporated, and DropCar, a NASDAQ-listed micro-logistics technology, mobility services and cloud-based SaaS software provider to the automotive industry. During his career, Mr. Giordano has evaluated over 100 target M&A transactions, completing over 40%, while sourcing targets, securing buyers, documentation, due diligence, integration, and financing; closed over $250M in all forms of equity, debt and other financing transactions; secured strategic relationships with and multi-million-dollar investments from numerous Fortune 100 companies; and has extensive public company experience with SEC reporting and compliance, investor relations, reverse mergers, IPOs, complex financing transactions and exit strategies.

Charles Benton
Outside Director

Mr. Benton, who will serve as the Chairman of the Audit Committee and a member of the Compensation Committee, currently serves as an Independent Director and Audit Chairman of Vision Hydrogen Corp. (OTC:VIHD), a company focused on the production, storage and distribution of hydrogen for the green energy economy supply chain. In the past, Mr. Benton has held the positions of Audit Committee Chairman and then Chairman of the Board of WPCS International Incorporated (NASDAQ:WPCS), a design-build engineering firm focused on the deployment of wireless networks and related services including site design, technology integration, electrical contracting, construction and maintenance. From 1999 to 2014, Mr. Benton held various supply chain positions, including as Director of Supply Chain Distribution Services at Charming Shoppes, Inc., a specialty clothing retail holding company with over 2,300 retail stores in the US. From 1980 to 1999, Mr. Benton held various finance positions, including the Head of Finance & Business Development at Consolidated Rail Corp., now Conrail. Mr. Benton received an undergraduate degree from St. Joseph's University.

John Mercadante
Outside Director, Company Secretary

John cofounded Leisure Line, Inc., a motor coach company serving New York City and Atlantic City, New Jersey, in 1970 and served as the Chief Executive Officer for a ten-year period through the sale of the company to Golden Nugget in 1980. At the time of the sale Leisure Line was generating approximately $11 million in annual revenues. In 1988 John cofounded Cape Transit, Inc., a motor coach company servicing Atlantic City, Philadelphia, and South New Jersey. Under John's leadership as CEO, annual revenues at Cape Transit grew from $2 million to more than $11 million. In May 1996, Cape Transit became one of the founding companies of Coach USA, Inc. and John became Coach USA's President and Chief Operating Officer. Coach USA had over 70 acquisitions during the three-year period following their 1996 IPO. John was an integral part of growing Coach's annual revenues from $100 million to over $1 billion in revenues in just three years. He joined TLSS in April 2019 and served as the Company's Chairman, President, Chief Executive Officer and Chief Financial Officer until January 2022.

Norman Newton
Outside Director

Mr. Newton, who will serve as the Chairman of the Nominating Committee and a member of the Audit Committee, has been the Managing Director of Newton Vision Corporation ("NVC") since 2008, a privately held consulting company with deep experience in business process reengineering, optimization, and digital transformation. With a center of excellence and a project management office located in Bogota Colombia, and offices in Houston and Austin, Texas, NVC provides its customers with a host of solutions including full business process outsourcing. From 2012 to 2015, Mr. Newton was President and General Manager of ManpowerGroup (NYSE:MAN), which owned ManpowerGroup Solutions - Language Services, a business unit within ManpowerGroup focused on providing services globally in over 150 languages through delivery centers in the United States, Israel, Argentina, Taiwan, and the Netherlands. ManpowerGroup Solutions - Language Services was recognized as a top ten provider of services globally within the Language Services Industry. Mr. Newton also served on ManpowerGroup's Executive Council for Supplier Diversity. Mr. Newton received his undergraduate degree from The University of Texas in Austin.

Board of Directors
Sebastian Giordano
Chairman, President, CEO, CFO

For the past twenty years, Mr. Sebastian Giordano has been CEO of Ascentaur, LLC ("Ascentaur"), providing C-Level consulting services to a diverse roster of clients, including start-ups, turnarounds, and established businesses across many industries, including providing consulting services to the Company since February 2020. Currently or within the last 5 years, he has served on the Boards of Directors of AYRO, Inc., a NASDAQ listed electric vehicle manufacturer, WPCS International Incorporated, and DropCar, a NASDAQ-listed micro-logistics technology, mobility services and cloud-based SaaS software provider to the automotive industry. During his career, Mr. Giordano has evaluated over 100 target M&A transactions, completing over 40%, while sourcing targets, securing buyers, documentation, due diligence, integration, and financing; closed over $250M in all forms of equity, debt and other financing transactions; secured strategic relationships with and multi-million-dollar investments from numerous Fortune 100 companies; and has extensive public company experience with SEC reporting and compliance, investor relations, reverse mergers, IPOs, complex financing transactions and exit strategies.

Other Company Insiders

None

Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer's securities. Together, officers, directors and other company insiders comprise Company Insiders.
Service Providers
Accounting/Auditing Firm
Salberg & Company, P.A.

2295 NW Corporate Blvd.

Suite 240

Boca Raton, FL 33431-7328

Securities Counsel
Sullivan & Worcester LLP

1633 Broadway

New York, NY 10019

Profile Data
SIC - Industry Classification
4700 - Transportation Services
Incorporation Information
NV, US, 2008
Employees
1 as of 04/24/2024
Shell
No
Products and Services

Prior: Shipping, warehousing and logistics Current: No operations

Company Facilities

None

Company Notes
Formerly=PetroTerra Corp. until 7-2018
Formerly=Loran Connection Corp until 1-2012
OTCID Market Logo
OTCID
The Company Profile data was verified by the issuer within the previous 6 months.
The company’s transfer agent has verified its outstanding shares directly to OTC Markets.
The Shell Risk designation indicates that a company displays characteristics common to Shell Companies.
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