SOURCE: Last Mile Logistics Group

March 03, 2008 09:40 ET

Last Mile Logistics Group, Inc. Announced as Winner in National Business Plan Competition

ELKRIDGE, MD--(Marketwire - March 3, 2008) - Last Mile Logistics Group, Inc. (OTCBB: LMLG), a third party logistics (3PL) firm focused on last mile solutions for heavy and high value consumer goods, today announced that it was voted by Venture Capitalists nationwide as a Regional Winner of the "Pitching Across America" business plan competition, organized by FundingPost.com, an organization bringing together entrepreneurs and investors from around the nation to explore funding opportunities. Brian Flood, President of LMLG, said, "We're proud that Last Mile Logistics Group was recognized by some of the nation's leading investment fund managers as one of the top plans for new businesses. Our plan focuses on a fast-growing opportunity in the marketplace: the last mile sector of the 3PL industry. There are tremendous opportunities for greater market density, resource efficiencies, last mile technology applications and brand creation. LMLG's business model, which provides more than just basic freight shipping to customers, is clearly filling a need for a unique service in this market space.

"LMLG services a high-demand niche in the 3PL industry: we deliver products to customer's homes, assemble them if requested, and communicate with the customers so they are not forced to stay home all day wondering when their delivery will show up. Much of the growth already realized by LMLG is from online sales of consumer goods, and that's where we expect to see most of our growth as well. According to MarketingVox.com, online sales are well over the $100 billion a year mark, and they continue to grow."

Flood stated, "LMLG is dedicated to supporting online sales with a friendly, punctual face and professional service to complete customer transactions. We provide companies with the means to reliably outsource the critical last mile delivery of their merchandise. We continue to invest in supply chain technology and last mile resources to support our clients, and to enable our plan to continue to grow the company constantly."

"Last Mile Logistics is on the fast track to success," said Joe Rubin, Director of FundingPost, "With ever-increasing revenue, a solid and very experienced management, and an aggressive growth strategy, it's no surprise that they were voted so highly by the investor community. We are fully expecting to hear more good news from Last Mile in the coming months!"

About Us

Last Mile Logistics Group, Inc. (OTCBB: LMLG) is a third party logistics provider (3PL) focused on servicing the "last mile" of transportation to customers. Companies outsource all aspects of the delivery order process to LMLG: local storage, scheduling, inside delivery, assembly and removal of packaging.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Several of these risks and uncertainties are delineated in the company's filings with the Securities and Exchange Commission, which can be accessed at www.sec.gov. Actual events or results could differ materially from the Company's expectations and projections.

Contact Information

  • Contact:
    Last Mile Logistics Group Investor Relations:
    Email Contact
    Phone: 301.931.1771
    Fax: 301.937.6810