DALLAS, TEXAS : StockGuru announces that Optimized Transportation Management Inc. (OTCBB: OPTZ) is in the StockGuru Spotlight. Optimized Transportation Management, Inc. is growing to become a full-service supply chain logistics company. The Company has begun implementing its plans for helping great companies discover, manage and execute their most effective global supply chain strategies. We exist to add real, measurable value throughout our customers’ fulfillment process — the accent is on customers. Our team, technology and value-added solutions allow organizations to have world-class visibility, information and controls without disrupting existing plans, processes, partnerships and information systems
On Tuesday, the company put out news announcing that the company has secured one million two hundred and fifty thousand dollars in a preferred equity financing with a New York City based equity group (the “group”). The equity shall be purchased through preferred stock; the price will be determined based on individual tranche notices that the company submits to the Group. As such, the price will be determined by a five day volume weighted average price. “We are extremely pleased with the financing,” said Kevin Brennan, the company’s CEO. “This will allow us to pay off old debt and strengthen our balance sheet while providing the capital needed to close on the most recent acquisition we have discussed over the last several weeks. We now believe that we are well positioned in the Logistics space, and can move our business plan forward which will offer our shareholders the growth we have been positioning for over the last year,” said Brennan.
Shares for Optimized Transportation Management Inc. (OTCBB: OPTZ) were down during the late afternoon of trading on Tuesday and closed slightly down at closing.
To view our StockGuru Spotlight on Optimized Transportation Management Inc. (OTCBB: OPTZ), please visit: http://www.stockguru.com/category/latest-spotlights/
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