TUCSON, Ariz. , Dec. 18, 2003 (PRIMEZONE) -- OrderPro Logistics (OTCBB:OPLO) has issued a "Letter to its Shareholders," from CEO Richard Windorski.
Re: OPLO Share Price Alert
Dear Shareholder:
The purpose of this message is to comment on the recent "E" designation on our trading symbol (OPLO) and the resulting price trend on our stock and how this trend relates to your investment in OrderPro Logistics. Last week an "E" designation was placed on our symbol by NASD, the business that operates the Nasdaq Bulletin Board, on which OrderPro Logistics is listed. The "E" designation is a result of OPLO'S delayed filing of the 3rd Quarter Report with the SEC. While it is unfortunate that our 3rd Quarter Report was late, the delay was directly related to the transition from our previous auditor to our new audit firm, Weinberg & Company, and the unanticipated length of review time (a one time review required when changing auditors) our new auditors were required to spend on that process. The audit review nears completion and we expect that the filing will occur in the next day or so and the "E" designation to be removed from our symbol shortly thereafter. We wish to assure our shareholders that the management of OrderPro Logistics and their auditors are committed to accurate and timely filing of all future Quarterly and Annual Reports.
We wish to assure our shareholders that the business of OrderPro Logistics has not been disrupted during the interim and that the execution of our stated business plan and the goals and objectives therein continues unabated. We maintain that our revenue projections of $40 million plus over the next 24 months are fully attainable and unaffected by the delay in 3rd Quarter filing.
During the period the "E" designation has been placed on our stock symbol (OPLOE) the share price has declined. OrderPro Logistics management attributes the decline in share price directly, and solely, to some misunderstanding and confusion experienced by a number of investors and potential investors as to the significance of the "E" designation and the subsequent liquidation of shares by these same shareholders and a slow down in buying by potential investors or repeat investors. Fortunately, most of our shareholders have stayed the course, retained or added to their position, and we wish to congratulate them on their wise decision.
Taking all current and forecasted factors into consideration, the management of OrderPro Logistics recommends that all investors evaluate their positions in OPLO. We believe that OPLO shares purchased NOW represent an extraordinary value, a value that can be maximized in either short or long term investment strategies, and we strongly encourage all investors to participate.
We at OrderPro Logistics appreciate your support and wish you all a prosperous 2004.
Sincerely, Richard Windorski OrderPro Logistics, Inc. CEO
THIS EMAIL CONTAINS FORWARD-LOOKING STATEMENTS. THE COMPANY UNDERTAKES NO OBLIGATION TO PUBLICLY UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS WHETHER BECAUSE OF NEW INFORMATION, FUTURE EVENTS, OR OTHERWISE. FORWARD-LOOKING STATEMENTS ARE INHERENTLY SUBJECT TO RISKS AND UNCERTAINTIES, SOME OF WHICH CANNOT BE PREDICTED, OR QUANTIFIED. FUTURE EVENTS AND ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE SET FORTH IN, CONTEMPLATED BY, OR UNDERLYING THE FORWARD-LOOKING STATEMENTS. THE RISKS AND UNCERTAINTIES TO WHICH FORWARD-LOOKING STATEMENTS ARE SUBJECT INCLUDE, BUT ARE NOT LIMITED TO THE EFFECT OF GOVERNMENT REGULATION, COMPETITION AND OTHER MATERIAL RISKS DESCRIBED IN THE COMPANY'S FILING WITH THE SEC.
About OrderPro Logistics, Inc.
OrderPro Logistics, Inc. is a customer-oriented provider of innovative and cost-effective logistics solutions for companies that ship products, as well as for freight carriers. To provide cost-effective and efficient delivery, OrderPro Logistics created proprietary web-enabled software to manage all transport/shipping processes, maximize inbound- outbound savings, and complete real-time logistics management services. With expertise and experience in transportation, logistics management, computer/Internet technology, and a philosophy of performance-based customer reward systems, OrderPro Logistics has proven that transportation brokerage/logistics management can be successful in a competitive marketplace. With a team of highly capable and experienced employees, the company works across functional lines to maximize efficiency and provide exceptional service to customers. See www.orderprologistics.com.
Forward-Looking Statements: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and are subject to numerous known and unknown risks and uncertainties, which could cause the company's actual results to differ materially from those as indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements and should review the company's SEC filings.