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Optimized Transportation Management, Inc. Hires 2 New Business Development VP's Generating Immediate Business and Additional Re

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  Published in Business and Finance on Wednesday, June 2nd 2010 at 18:00 GMT by Market Wire
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PITTSBURGH, PA--(Marketwire - June 2, 2010) - Optimized Transportation Management, Inc. (OTCBB: [ OPTZ ]), the Pittsburgh, Pennsylvania based freight transportation services and global supply chain solution enterprise continues to execute on its business plan by hiring 2 new Vice Presidents of Business Development. Jeff Ashcraft who is located in Dallas, TX; and Robert Duncan, located in Nashville, TN have been hired. Both men have over 25 years experience in the transportation industry. They have been successful throughout their careers; and are already bring new business to OTMI.

"These gentlemen have developed and nurtured many relationships with agents and companies over the years, which now have become instant clients, as well as potential acquisitions. Each of these men will contribute revenue growth quickly. We are budgeting for an estimated 20 million dollars in new revenue from each of them, within a 12 month period," stated Larry Berry, President and COO of Optimized Transportation.

"We anticipate that the gross profit margin should be in the 16% to 18% range," said Kevin Brennan, CEO of Optimized Transportation.

About Optimized Transportation Management, Inc. (OTCBB: [ OPTZ ]):

Headquartered in Pittsburgh, PA, Optimized Transportation Management, Inc. is a supply chain logistics company that provides clients with global freight and operations management services. The company's website is [ www.OTMIonline.com ].

Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of The Company to complete the proposed acquisition(s), the results of The Company's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of The Company to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings. The closing of any transaction will be subject to complete due diligence, inspections, and completion of audited financial statements in accordance to GAAP as required by the SEC prior to consummation.