Article: Target Logistics, Inc. Announces Fiscal Second Quarter and Six Months Results.

Business Editors

BALTIMORE--(BUSINESS WIRE)--Feb. 13, 2001

Company Reports Strong Balance Sheet

Target Logistics, Inc. (OTC BB: TARG) announced today results for the second fiscal quarter and six months ended December 31, 2000.

Operating revenues for the second quarter were $24,700,710, compared with $24,858,531 reported in the second quarter of fiscal 2000. The Company reported a net loss for the fiscal second quarter of $(151,249), or $(0.02) per basic and diluted share, compared with net income of $137,687, or $0.01 per diluted share reported for the second quarter of fiscal 2000.

For the fiscal six-month period ended ...

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