SOURCE: Delivery Technology Solutions

Delivery Technology Solutions

January 12, 2011 05:00 ET

UDS Addresses Shareholders on Current Status of Company

UDS CEO, Ryan Coblin, Addresses the Shareholders of DTSL on the Status and Future Plans of the Company

BOCA RATON, FL--(Marketwire - January 12, 2011) -  Universal Delivery Solutions, Inc. (UDS) CEO addresses shareholders on current status of the company. UDS is the operating unit of Delivery Technology Solutions, Inc. (PINKSHEETS: DTSL), the leader in delivery management technology.

"2010 was a significant year for our company in many ways," stated Ryan Coblin, CEO. "After years of pilot studies, market research and technology development, in the fourth quarter, we finally transitioned into the operational growth and revenue generation phase of our business. I am happy to report that for the year ending December 31, 2010, our revenues were the highest in the company's history. In 2010, we generated approximately $200,000 of top line revenue, of which approximately $120,000 of that was generated in the fourth quarter. Year over year, this approximated a 90% increase from 2009. We are very encouraged to report that we are seeing significant follow-through momentum as a result of our sales and marketing efforts. We further believe that the upward surge in top line revenues will continue to grow as we progress through 2011. As previously mentioned, we are projecting top line revenues to grow to approximately $13 million for 2011, and $23 million for 2012.

"We are continuously building our sales and marketing initiatives, and as recently released, we have begun to implement a Business to Business rewards and referral program. We will also be instituting social media networking and marketing in the coming months. We believe that the branding of our services in as many forums as possible will enable us to bring significant revenues to the company, as well as our shareholders and we continue to be committed to growing the company as rapidly as possible. Companies like Hewlett-Packard, Office Depot®, T-Mobile®, Citrix Systems, Empire Carpet and a host of others have used our platform for their large scale catering events. We are looking to broaden our relationships with them through the addition of our preferred partner program that will enable all of our clients, new and old, to work with each other. By working with all of these large companies and organizations, we believe all the data that we collect will add tremendous intrinsic value for our company. We continue to maintain our commitment to expand our ability to service as many venues as possible, with as many brand offerings for our clients. This includes adding additional menu choices with our services, including adding other nationally recognized brands as a choice. We look forward to sharing the details of these new relationships with our shareholders and the investment community in the coming quarter."

Mr. Coblin continued, "As it relates to our public status, I am proud to reiterate that in the fourth quarter of 2010, we received 'Current Status' for the first time in the company's reporting history, and we continue to push toward our goal of becoming a fully-reporting company with the goal to move to a larger exchange in 2011. Until such time as we finalize this move, we will continue to update our disclosure statements on a quarterly basis to maintain 'Current Status.' With that in mind, now that the fourth quarter of 2010 has come to a close, we are now able to update our share structure in advance of our upcoming disclosure statement. Ending Dec 31, 2010, the company is authorized up to 6 billion shares. There are 3,912,906,299 billion shares outstanding, of which 2,481,807,535 billion are in the current float. The increase in shares outstanding was directly tied to financing utilized by the company, which was previously mentioned in the CEO update at the end of 2010. It is important to note, we will only update our share structure at the end of each quarter and not in the interim. Additionally, as of today, we are not in the process, nor have we any intentions at any time in the near future, of recapitalizing and/or reversing the current share structure. Any and all suggestions that we are 'planning, completing, or finalizing' a restructuring or reverse split are erroneous."

"We look forward to continually updating our shareholders in the coming weeks of all relevant news with regards to our business relationships and technology enhancements," said CEO Ryan Coblin. "Please feel free to contact our office at anytime with any questions."

About: Universal Delivery Solutions, Inc.
Universal Delivery Solutions, Inc. (PINKSHEETS: DTSL), is the leader in providing comprehensive custom-developed catering/delivery solutions to industries throughout North America. Universal Delivery Solutions, Inc. (UDS) is wholly-owned operating subsidiary of Delivery Technology Solutions Inc. The company offers blended solutions through a seamless system that integrates Customer Relationship Management (CRM) and Call Center IT services utilizing a proprietary technology backbone to offer convenience, consistent quality, flexibility, accountability and value for consumers and companies.

Safe Harbor:
The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from acquisitions or actions in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.

Contact Information

  • Contact:
    Delivery Technology Solutions, Inc.
    Mr. Ryan Coblin