Uplisting Highlights Continued Progress of the Company’s Turnaround Plan
JUPITER, FL / ACCESSWIRE /September 1, 2021 / Transportation and Logistics Systems, Inc. (OTC PINK:TLSS)(OTCQB:TLSS), (“TLSS”, or the “Company”), a full-service logistics and transportation provider, today announced that on August 31, 2021 its common stock was approved for quotation on the OTC Markets Group, Inc.’s OTCQB® tier Venture Market (the “OTCQB”) under the symbol “TLSS,” effective as of the open of trading on September 1, 2021.
According to CEO John Mercadante, “Uplisting to the OTCQB is an important milestone for the Company and yet another indication that the restructuring and turnaround plan implemented in 2020 has the Company headed in the right direction. We believe that the broader exposure generally afforded by the OTCQB has the potential to increase our visibility within the investment community and assist in broadening our stockholder base.”
The OTCQB is the middle tier of the over-the-counter market for US stocks and is designed for early-stage and developing companies located both in the United States and abroad. To be eligible for quotation on the OTCQB, companies must be current in their reporting, undergo an annual verification and management certification process and meet other requirements. The OTCQB is recognized by the Securities and Exchange Commission as an established public market and provides current public information to investors that need to analyze, value, and trade securities.
About Transportation and Logistics Systems, Inc.
TLSS, through its wholly-owned operating subsidiaries, Shyp FX, Inc. and Cougar Express, Inc., operates as a full-service logistics and transportation company.
For more information, visit the Company’s website, http://www.tlss-inc.com/.
Statements in this press release regarding the Company that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. Any such forward-looking statements, including, but not limited to, financial guidance, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not directly or exclusively relate to historical facts. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “anticipates,” “intend,” “plan,” “goal,” “seek,” “strategy,” “future,” “likely,” “believes,” “estimates,” “projects,” “forecasts,” “predicts,” “potential,” or the negative of those terms, and similar expressions and comparable terminology. These include, but are not limited to, statements relating to future events or our future financial and operating results, plans, objectives, expectations and intentions. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these expectations may not be achieved. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they represent our intentions, plans, expectations, assumptions and beliefs about future events and are subject to known and unknown risks, uncertainties and other factors outside of our control that could cause our actual results, performance or achievement to differ materially from those expressed or implied by these forward-looking statements. In addition to the