Article: Target Logistics, Inc. Announces Fiscal Fourth Quarter and Year End Results.

Business Editors

BALTIMORE--(BUSINESS WIRE)--Sept. 28, 2000

Company Reports Increased Sales and Operating Results

Target Logistics, Inc. (OTC BB: TARG) announced today results for the fiscal fourth quarter and year ended June 30, 2000.

The Company said revenues for the fiscal fourth quarter ended June 30, 2000 totaled $19,599,497, a 22 percent increase over revenues of $16,115,011 reported for the fiscal fourth quarter ended June 30, 1999. The operating loss for the quarter ended June 30, 2000 was $394,826, compared with an operating loss of $1,066,143 reported for the fourth quarter of fiscal 1999. The Company reported a net loss of ...

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