Archive for the ‘Last Mile Logistics Group LMLG’ Category

Beacon Equity Research Featured Client: Last Mile Logistics Group (LMLG.OB)

Tuesday, June 10th, 2008

Last Mile Logistics Group (LMLG.OB) is a third-party logistics provider for government agencies, medical providers, professional firms, retailers, telecommunication firms, associations, manufacturers, and other logistic providers. The company services the “last mile” transportation needs of clients in varying industries and offers cost savings by reducing their clients’ carbon footprints.

Last Mile started doing business by focusing on business-to-business (B2B) deliveries that included envelopes and small packages. The company has effectively made the transition from their B2B deliveries to a business-to-consumer (B2C) focus. Last Mile’s B2C focus has grown their third party logistics (3PL) services to deliveries of televisions, appliances, furniture, bedding, and varying high-value merchandise. The company offers deliveries to homes, assembling of products, and communicating scheduled deliveries.

Last Mile intends to acquire other providers of logistics services. The company believes the 3PL market is highly fragmented and sees growth and capital opportunities in future acquisitions. Last Mile acquired Chesapeake Logistics, LLC in 2006, which began their operations, and plans to implement an acquisition strategy in 2008 that will focus on the Mid-Atlantic region. Last Mile was recognized as the 2007 “Pitching across America” business plan winner by Venture Capitalist throughout the United States.

In 2006, the third party logistics industry was valued at almost $114 billion in the United States and almost $400 billion around the world. Last Mile’s online sales in 2007 were more than $100 billion.

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Last Mile Logistics Group, Inc. (LMLG.OB) Revenues for First Quarter Increase 37%

Monday, June 2nd, 2008

Last Mile Logistics Group, Inc. (OTCBB: LMLG) reported an increase of 37% in revenues for the first quarter of 2008. This prosperous increase follows last year’s increase of 47% compared to the fourth quarter of 2006. Although fuel costs have increased dramatically in the past couple of months, the company’s gross margin also increased in the first quarter of 2008 by 26%, totaling $230,207. This increase is attributed to the growth in revenue and fuel surcharge agreements with customers to offset these cost increases.

Increases in revenue are attributed to business from a major new client for the home delivery of cabinets, as well as several other new customers in 2007. Despite an economic slowdown, the company has benefited from the continued outsourcing by companies to reduce their cost structure, combined with continued online purchasing of goods and electrics, which is dependent on a distribution channel that includes regional “last mile” specialized services.

“As we continue to focus on providing quality last mile services and marketing these capabilities, we are seeing a significant improvement in revenue as companies continue to look to outsource their logistics requirements to dependable last mile providers in order to better service their customers’ home delivery needs,” stated Regina Flood, CEO of Last Mile Logistics Group.

Last Mile provides envelope and small package courier services along with services in the mid-Atlantic region of the United States. Specific services include door-to-door delivery of merchandise, including furniture, electronics, entertainment equipment, and the assembly and installation of products.

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Last Mile Logistics Group (LMLG.OB) Receives Thumbs-Up from Beacon Equity Research

Thursday, May 29th, 2008

Last Mile Logistics Group has been delivering to the Mid-Atlantic market for several years. Through its subsidiary, Chesapeake Logistics, the company handles the “last mile” of courier service for numerous types of clientele. Last Mile Logistics has a long list of high-profile companies for which it has delivered, including Pier 1 Imports, JCPenney, and Ticketmaster, just to name a few.

Last Mile is the subject of a recent Beacon Equity Research report, in which it received a ‘Speculative Buy’ rating, and a target price of $0.32 from analyst Lisa Springer, CFA. The report states: “We think LMLG warrants a valuation at the high end of the peer group range because of its significant new customer wins, competitive differentiation and above average growth … We also anticipate consistent gross margins gains resulting from greater efficiencies and economies of scale. We expect the Company’s gross margins to improve to a 42 percent range in 2008 and increase to a 45-46 percent range over the next five years.”

Along with the news of having just been awarded a delivery contract with a Fortune 500 paper supplier, the research report has sparked a lot of new interest in the company. The target price of $0.32 was met with wide eyes by many; shares of LMLG stock can currently be purchased for around nine cents.

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Last Mile Logistics Group, Inc. (LMLG.OB) Voted a Winner

Monday, March 3rd, 2008

Many entrepreneurs believe that they have the next “big idea” but many don’t have the capital to bring that idea to market or expand their product line. So they turn to outside or third party funding in order to gain capital. Some may turn to friends, banks and/or hopefully an investor who believes in the company and its product.

FundingPost, a company that has been introducing entrepreneurs to investors for almost 5 years, sees the possibilities in helping entrepreneurs meet with investors by establishing the “Pitching Across America” competition. Recently 100 Venture Capital Funds and Angel Investors served as judges voting on 300 business summaries from emerging companies nationwide. Emerging companies are evaluated on several key points including: the professionalism of the written summary, current stage of development, competitive advantage, need in the marketplace, feasibility for success, and whether the company is “VentureWorthy™.”

FundingPost has released its list of winners and included among its regional winner is Last Mile Logistics Group, Inc. (LMLG.OB), a third party logistics firm focused on last mile solutions for heavy and high value consumer goods.

Last Mile Logistics Group services a high-demand niche in the third party delivery industry. The company delivers envelopes, same-day and rush on-demand courier service of small packages and last mile logistics services in the mid-Atlantic region of the United States. Its last mile logistics services include door-to-door delivery of merchandise, such as furniture, electronics, and entertainment equipment, as well as the assembly and installation of such items. Its services are valued because they communicate with the customers so they are not forced to stay home all day wondering when their delivery will show up. Rather they deliver and pickup within a designated time window.

In regards to the recognition, Brian Flood, President of Last Mile Logistics stated, “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”.

FundingPost was also happy to have Last Mile Logistics included among it’s winners. As Joe Rubin, Director of FundingPost commented, “Last Mile Logistics is on the fast track to success. 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!”

Last Mile Logistics Group was founded in 1997 and is headquartered in Elkridge, Maryland.

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