SOURCE: The Furia Organization

September 29, 2005 10:21 ET

The Furia Organization Announces the Signing of the Master Vehicle Lease Agreement With Central States Leasing

ROCKWALL, TX -- (MARKET WIRE) -- September 29, 2005 -- The Furia Organization (OTC BB: FURA) announces today that the company has signed a Master Vehicle Lease Agreement with Central States Leasing, Inc. Under the terms of the contract Central States Leasing will provide Furia with 280 new Peterbilt trucks and 564 refrigerated trailers. Furia will take possession of 5 Tractors and 14 trailers immediately and will proactively take on new equipment as needed, no less than 5 tractors and 10 trailers per month until 280 Tractors and 564 Trailers have been delivered. Furia will receive $10,000 dollars upon receipt of each tractor for a total of $2.8 million. Furia has also acquired a $200,000 line of credit with Central States Leasing to be used at Furia's discretion. Furia CEO and Chairman Mr. Michael Alexander commented, "We did exactly what we promised we would do, the contract has been signed before September 30th, 2005, the equipment will soon be delivered, and we are ready to impact the transportation industry like no other company has ever done. This is about a $100 million-dollar contract for equipment. Conservatively, this contract will provide a pro-forma basis of approximately $15 million to our top-line in year 1, approximately $56 million in year 2, and approximately $88 million in year 3. This is a significant step in the company's efforts to build shareholder value," says Mr. Michael Alexander

Safe Harbor Statement:

Forward-looking statements and comments in this news release are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements regarding potential future plans and objectives of The Furia Organization are forward-looking statements. Such statements are necessarily subject to risks and uncertainties, some of which are significant in scope and nature beyond The Furia Organization's control. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially depending on many factors, including those described above. The Furia Organization cautions that historical results are not necessarily indicative of the company's future performance.

About The Furia Organization:

The Furia Organization is a Delaware corporation with branch offices in Rockwall, TX. The Furia Organization expects to grow their business specifically in the areas of distribution of flatbed, dry van and refrigerated loads. The Furia Organization is the only referral-based marketing transportation logistics brokerage and currently has over 600 members.

Contact Information

  • Contact:
    Michael Alexander
    The Furia Organization
    2233 Ridge Road Suite 102
    Rockwall, TX 75087
    Email Contact