Article: Target Logistics, Inc. Announces Fiscal Third Quarter and Nine Months Results.

Business Editors

BALTIMORE--(BUSINESS WIRE)--May 10, 2002

Target Logistics, Inc.(OTC BB: TARG) announced today results for the fiscal third quarter and nine months ended March 31, 2002.

The Company reported operating revenues for the third fiscal quarter of $21,414,092, compared with operating revenues for the fiscal third quarter ended March 31, 2001 of $22,864,467. For the fiscal third quarter ended March 31, 2002, the Company reported a net loss of $(293,222), or $(0.03) per basic and diluted share, compared with a net loss of $(609,265) which included a benefit for income taxes of $255,209, or $(0.06) per basic and diluted share for the ...

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