Article: Target Logistics, Inc. Announces Fiscal Third Quarter and Nine Months Results; Third Quarter Operating Revenues Increase 21.8% and Net Income Increases 69%.

Business Editors/High-Tech Writers

BALTIMORE--(BUSINESS WIRE)--May 11, 2004

Target Logistics, Inc. (OTCBB:TARG) announced today results for the third fiscal quarter and nine months ended March 31, 2004.

Operating revenues for the third quarter were $31,257,287, compared with operating revenues of $25,657,889 reported in the third quarter of fiscal 2003. The Company reported net income for the fiscal third quarter of $114,981, or $0.0l per basic and diluted share, compared with a net income of $67,952, or $0.00 per basic and diluted share reported for the third quarter of fiscal 2003.

For the fiscal nine month period ended March 31, ...

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