SOURCE: Network Global Logistics

Network Global Logistics

August 05, 2011 13:53 ET

Growth, Increased Profitability and Pursuit of Acquisitions Highlight Network Global Logistics' Financial Performance

Leader in Mission-Critical Supply Chain Solutions Expands Global Footprint, Adds High-Profile Customers

BROOMFIELD, CO--(Marketwire - Aug 5, 2011) - The year-to-date financial performance of Network Global Logistics, a worldwide provider of mission-critical supply chain, transportation and logistics services, is marked by strong growth and the pursuit of selected acquisition targets.

"We're extremely pleased with our performance," said company CEO Raymond J. Garcia. "We added numerous customers and locations, improved our year-over-year profitability, expanded our global footprint and we are creating value for our customers in ways that competitors can't match."

Added Garcia, "At this point, our infrastructure is strong and the company has a growing cash balance -- and so, as part of our growth strategy, we continue to look at selected companies as possible acquisition candidates. They have to be a good fit, but we feel that if we can find the right candidates, we will be able to create some strong synergies and a strong return for our stakeholders."

"Annual revenue is on pace to grow greater than 20% this year," said Garcia. "But what is even more impressive is our rapid earnings growth," he said. "We have had three years of solid earnings growth in one of the most difficult operating environments in generations."

"And among the customers we've added, many are household names -- like Kodak and Emerson," said Garcia. "Because of the exceptional work done by our senior management team, we are in a very strong position to pursue growth organically and by acquisition."

Garcia said he expects Network Global Logistics to enjoy continued success in creating efficiencies for its customers. This includes adoption of a single network for ground transportation, adding more forward stocking locations and partnering with packaging companies to drive down costs.

"We have a holistic, integrated vision for logistics, transportation and supply chain services -- and the execution will be different from everybody else in the marketplace," said Garcia. "People like to say information is power, and there is no question that is true. But information combined with control is even better."

NGL's equity partner, Endeavour Capital, is equally pleased with NGL's financial performance.

"We like what we're seeing," said Leland Jones, Managing Director for Endeavour Capital. "This is a company with great ideas that is executing extremely well. It is focused on a market that will continue to reward it well. We also are encouraging and supporting NGL's search for acquisition candidates; that strategy makes a lot of sense for everybody involved."

Established in 1971 as the first air courier company, Network Global Logistics is a single-source solution for all critical warehousing and transportation needs -- including end-to-end visibility and 24/7/365 service. Network Global Logistics offers:

  • Air Courier Services for global same-day delivery
  • Mission Critical Warehousing (Service Parts Logistics) enabling customers to hold critical inventory close to their installed base
  • Warehousing and Distribution with facilities that enable large-scale distribution
  • Ground Courier Services for fast, trouble-free door-to-door transportation

For more information
Please contact Bill Hale, Vice President, Sales and Marketing, Network Global Logistics, at bhale@nglog.com or 866-938-1870.