5/30/08

Last Mile Logistics (LMLG)

Website: Last Mile Logistics

Servicing the Last Mile to the Customer.

Overview

Last Mile Logistics (LMLG) is a service oriented third-party logistics (3PL) provider in the Mid-Atlantic market, focused on servicing the "last mile" of transportation to customers. Companies outsource all aspects of the delivery order process to LMLG: including local storage, scheduling, inside delivery, assembly and removal of packaging.

LMLG's last mile logistics services include door-to-door delivery of merchandise, such as furniture, appliances, electronics, entertainment equipment, bedding, medical equipment, exercise equipment as well as the assembly and installation of such items.

Clients have included Pier 1 Imports, Crate & Barrel, Sony, The Sharper Image, Walmart.com, Panasonic, Brookstone, Golden Technologies, Herman Miller, Mitsubishi, LG, JC Penney, MasterBrand and others.

Last Mile Logistics Group provides same-day and rush on-demand courier services in addition to scheduled same-day route delivery of packages and other items; customer scheduling within designated time window; pickup and delivery of merchandise; temporary storage of merchandise; assembly and placement of merchandise at customer's residence; cross-docking and safe storage of merchandise; and reverse logistic services, such as picking up, storing, packaging, and transporting customer returns. 

LMLG was created to address a market gap: The lack of nationally-scaled 3PL company who service the delivery needs of heavy and high-value consumer goods. This can be frustrating for business that ship nationally, as they have to find a number of local logistics providers of varying quality and levels of service, and then hope that their product arrives and is set up adequately. A strong national provider can improve on quality of service and costs of product delivery. The market for third-party logistics support is strong, and will only improve as increasing numbers of businesses sell products online to buyers across the nation.

LMLG Investor Summary

• Announced first quarter revenue of $560,834, a 37% increase over 2007 first quarter revenue. This trend follows the fourth quarter 2007 revenue increase of 46% compared to the prior year.
• Freight revenue increased 63.5% in the 1st quarter of '08, in part because the Company was able to add 8 new freight customers.
• The Company has experienced a 30% average annual growth rate, in their first 6 years of operations.
• LMLG delivers for Mitsubishi, Sony, Serta, LG, The Home Depot, Pier 1 Imports, Lowe's, Panasonic, Walmart, JCPenney and many others.
• At year-end 2007, LMLG had contracts with approximately 60 customers. 
• LMLG has been servicing the Mid-Atlantic market for last mile services for many years. 
• LMLG's goal is to acquire last mile logistics organizations in an expanding number of locations to build a strong national brand for last mile delivery. There are no dominant providers in the home delivery of heavy freight.
• Announced that it was awarded last mile storage and delivery services for a Fortune 500 paper supplier through an agency relationship with a Top 100 third party logistics company (3PL).
• Recently announced it has been awarded a contract to deliver cabinets to customers' homes for one of the nation's premier cabinet manufacturers. The cabinets are being sold through various retail channels, including the nation's largest home improvement retailers.
• Announced it has initiated regional delivery and assembly services for a leading Internet furniture retailer, offering over 12,000 items from some of the leading furniture manufacturers. 
• Much of the growth realized by LMLG is from online sales of consumer goods, According to MarketingVox.com, online sales are well over the $100 billion a year mark, and they continue to grow.
• The U.S. third party logistics services industry was valued at nearly $114 billion in 2006, a 9.5 percent increase over the previous year. The global 3PL market was valued at nearly $400 billion and produced 12 percent year-over-year growth.
• LMLG can analyze a client's current "last mile" process and begin to immediately remedy existing problems. LMLG helps reduce emissions and the carbon footprint of businesses by consolidating freight and running efficient routes. It also helps to reduce business costs and enhance customer service.
• Retailers are electing to outsource delivery services in order to reduce capital  expenses. This trend is expected to continue, with LMLG well-positioned to benefit and succeed as a provider of last mile services.
• 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.

Recent News and Press Releases

Last Mile Logistics Group Cited as Top Logistics Provider

Last Mile Logistics Group Adds Two More Cabinet Companies as Clients

Last Mile Logistics Group Reports 37% Revenue Increase in 1st Quarter

Last Mile Logistics Group Awarded Distribution Services for Top 100 3PL

Last Mile Logistics Group Files Quarterly Report

Last Mile Logistics Group Improves Delivery, Partners With CXT Software

Local 3PL Providers Like Last Mile Logistics Part of Near-Sourcing Trend

Local Supply Chain Logistics Reduces Carbon Footprint, Saves on Costs

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

Last Mile Logistics Group Initiates Services for Online Furniture Retailer

Three Month Chart

Management

Regina Flood - Chairman of the Board and Chief Executive Officer

Regina R. Flood is one of the founders of Last Mile Logistics. She has served as Chairman of the Board and Chief Executive Officer since its inception in November 1997. From 1999 to 2000, she also served as President of Oxford Consulting Group, LLC. From 1988 to 1999, she held various positions with Price Waterhouse. Ms. Flood received a Bachelor of Science degree from the University of Notre Dame and a Master of Business Administration degree from Loyola University of Chicago.

Brian Flood - President/COO

Brian Flood has over 25 years of logistics and finance leadership. His background includes experience in transportation and financial management, financial planning, quality process implementation, business development, pricing and supply chain process reengineering. He developed a method for measuring the value of logistics improvements, trademarked by the USPTO as LVA, published in a leading logistics periodical. Prior to LMLG, Brian was Senior Vice-President/GM and CFO for TNT Logistics, the U.S. division of a $12 billion worldwide logistics organization. Prior to TNT, Brian worked for Ryder, Beatrice and Ernst & Young. A CPA, he has an MBA in Finance & Marketing from the University of Chicago and a BBA in Accounting from the University of Notre Dame.

Barry Utz - Vice President

Barry Utz has over 20 years experience in both start-up and multi-billion dollar international companies specializing in supply chain management, distribution and manufacturing. Most recent experience was as a Vice President of Finance with a segment of Sylvan Learning Centers. Prior to that Mr. Utz served as Vice President of Finance and Administration for Optinel Systems, a venture capital funded startup company developing systems for the cable industry. Barry has acquisition experience, and led preparations for investor presentations. A CPA, other executive financial positions were with Formica Corporation, Goldwell Cosmetics and TNT Logistics.

Lance Fitzhugh - Operations Manager

Lance Fitzhugh has 18 years of experience in the transportation industry. Lance has been responsible for driver recruiting and oversight, route design and planning, driver safety programs, DOT reporting and all aspects associated with managing a warehouse and transportation company. Lance’s professional background includes working for Waste Management, Preston Trucking, Carolina Freight and Roadway Express.

Contacts

Last Mile Logistics
6675 Amberton Drive, Suite 12
Elkridge, MD 21075
E-Mail: IR@lastmilelogisticsgroup.com
Phone: 301.931.1771
Fax: 301.937.6810

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