SOURCE: Optimized Transportation Management, Inc.

April 26, 2010 17:49 ET

Founding Officer of Landstar System, Inc. Fuels Growth for Optimized Transportation Management, Inc.

PITTSBURGH, PA--(Marketwire - April 26, 2010) -  Optimized Transportation Management, Inc (OTCBB: OPTZ), a Pittsburgh, Pennsylvania based freight transportation services and supply chain solution enterprise, has named Chief Operating Officer, Larry Berry as the company's new President and COO. Mr. Berry's exceptional leadership skills are expected to be a boon for the company, as its founders move forward with growth and acquisitions.

Prior to coming to Optimized Transportation, Mr. Berry served as a founding board member at Landstar System Inc. where the groundwork he laid helped the company grow from $2 per share to its current trading range of over $40.00.

Mr. Berry is now applying those same proven business tactics to Optimized Transportation where he will help encourage growth through a variety of means, including four acquisitions slated for 2010 and two letters of intent projected to generate $20 million in new revenue. 

"I am very excited to have a President with hands on experience based on his track record with Landstar, relating to its growth and the performance of its stock during his tenure there," said Optimized Transportation CEO Kevin Brennan. "Timing is everything and now is our time. Taking into account the current sales and size of OPTZ and our plans for short term growth, Mr. Berry taking the reins at this time is fortuitous for the company and its shareholders."

Among those plans for short term growth include the signing of six new agents, serving as middle-men facilitating more cost-efficient transportation. In addition to the six signed agents, Optimized Transportation is in the process of finalizing contracts with some 15 prospective agents who will come on board as capital increases. The company anticipates the broadening of the agent base will boost revenue by as much as $30 million.

 "I look forward to assisting the company in its next growth spurt," Mr. Berry said of the changes. "The Company's sales are ramping up nicely, which should have a significant impact later this year and facilitate our plans for multiple acquisitions. I am currently working on a report regarding acquisition targets that are favorable for OPTZ and its shareholders."

Mr. Berry is confident in the progress noting, "Our Company reminds me of Landstar in the early days... I've been here before. I know where we're going; and more importantly, I know how to get there."

About Optimized Transportation Management, Inc. (OTCBB: OPTZ):
Headquartered in Pittsburgh, PA, Optimized Transportation Management, Inc. is a supply chain logistics company that provides clients with global freight and operations management services. The company's website is www.OTMIonline.com.

Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of The Company to complete the proposed acquisition(s), the results of The Company's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of The Company to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings. The closing of any transaction will be subject to complete due diligence, inspections, and completion of audited financial statements in accordance to GAAP as required by the SEC prior to consummation.

Contact Information

  • Contact:
    Optimized Transportation Management, Inc.
    Investor Relations - Uptick Marketing, Inc.
    David@UptickMarketing.com
    (702) 277-4075