SOURCE: Delivery Technology Solutions Inc.

Delivery Technology Solutions Inc.

April 07, 2011 14:12 ET

UDS/Delivery Technology Solutions Inc. Announces Moves to Improve Shareholder Value and Facilitate New Investment

BOCA RATON, FL--(Marketwire - April 7, 2011) -  Universal Delivery Solutions Inc. (UDS) announces moves to improve shareholder value and facilitate new investment. UDS is the operating unit of Delivery Technology Solutions Inc. (PINKSHEETS: DTSL), the leader in delivery management technology.

Management has spent a great deal of time over the past weeks analyzing the capital structure of the Company. They have solicited the learned opinions of counsel, consultants, and various other advisors, to determine the most effective, efficient means of righting the corporate ship. They have examined various options to determine how best to advance the company's future goals and provide the greatest shareholder value for current shareholders as well as potential future investors. It soon became abundantly clear that whatever course management chose to embark upon would not be simple, nor would it succeed without dedication and some degree of sacrifice. After all the consultation and careful scrutiny, one path of action emerged as the best means of achieving the goals the company needs to reach while still being equitable to all concerned.

To accomplish the task of overcoming deficiencies in the company's early history and enabling the company to grow and gain access to capital markets by qualifying for admission to the Electronic Bulletin Board and eventually the American Exchange or Nasdaq small cap, new investment is critical. To provide a vehicle for such investment that accurately reflects the underlying entity and allows for liquidity and real upside potential is essential. Old shareholders and new investors alike deserve such status.

UDS is the operational arm of the company. It provides all the revenues and all the growth potential and is the core of the company. By spinning off UDS and giving current shareholders a significant portion of stock in this new public entity, while still providing room for new investors to provide the critical capital infusion that will enable the company to fulfill its potential, everyone who has or will have a stake in UDS or DTSL will benefit. This is clearly the best and fairest means of moving the company forward and providing everyone the best opportunity to prosper.

There will be no bankruptcy, no 50,000 to one reverse split, no stagnation as the business improves dramatically only to be dragged down by a hopelessly deteriorating capital structure. This course of action is not only the best way, it is the only way.

In an effort to be as transparent as possible, management will release the specifics of the spinoff to all shareholders within the next few weeks as final numbers emerge. Thank you for your attention and continued support.

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