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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 13, 2007
EXPRESS-1 EXPEDITED SOLUTIONS, INC.
(Exact Name of Registrant as Specified in Its Charter)
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Delaware
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000-49606
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03-0450326 |
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(State or other jurisdiction of
incorporation or
organization)
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(Commission File Number)
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(I.R.S. Employer
Identification No.) |
429 Post Road, Buchanan, Michigan 49107
(Address of principal executive offices zip code)
(269) 695-4920
(Registrants telephone number, including area code)
Not applicable
(former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
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Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)). |
TABLE OF CONTENTS
ITEM 7.01 REGULATION FD DISCLOSURE
On
June 13, 2007, Express-1 Expedited Solutions, Inc., issued a press release regarding its
anticipated financial performance for the quarter ended June 30, 2007. A copy of the release is
furnished as Exhibit 99.1.
The information furnished herein, including Exhibit 99.1, is not deemed to be filed for purposes
of Section 18 of the Exchange Act, or otherwise subject to the liability of that section. This
information will not be deemed to be incorporated by reference into any filing under the Securities
Act or the Exchange Act, except to the extent that the registrant specifically incorporates them by
reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
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Exhibit No. |
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Exhibit Description |
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99.1
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Press Release dated June 13, 2007. |
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Dated June 13, 2007 |
Express-1 Expedited Solutions, Inc.
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By: |
/s/ Mike Welch
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Mike Welch |
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Chief Executive Officer |
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exv99w1
Exhibit 99.1
Contact:
Express-1 Expedited Solutions, Inc.
Jeff Curry
269-695-4955
Jeff.Curry@express-1.com
EXPRESS-1 EXPEDITED SOLUTIONS (AMEX:XPO) COMMENTS UPON ITS 2007
PERFORMANCE AT ANNUAL SHAREHOLDERS MEETING TOMORROW
EXPRESS-1 ANTICIPATES 7TH CONSECUTIVE QUARTER OF STRONG GROWTH
BUCHANAN, Mich. June 13, 2007 Express-1 Expedited Solutions, Inc. will tomorrow provide
commentary on its second quarter performance at its annual shareholder meeting. The second quarter
ends June 30, 2007.
Commenting on the quarter, CEO Mike Welch stated, Ignoring something unforeseen at this time, it
now looks like our Company is going to follow up a strong first quarter with an even better second
quarter in terms of revenue and operating income. Earlier this week, within our primary business
segment, Express-1, our employees celebrated the completion of our first $4.0 million revenue month
in the history of Express-1. This was an internal goal our employees and Value Providers not only
embraced, but shattered. Its a continued testament to the team we have here in Buchanan.
Commenting further, Welch noted, We are well into another strong quarter. Our revenues and
operating income (pre-tax earnings), should both be improved over the same period in 2006, which in
itself was a record quarter. Were proud of the momentum weve established with what appears to be
the 7th consecutive quarter with strong results. While we normally dont provide much
insight into our performance during the quarter, we felt it was important to share some of our
success with our shareholders at our annual meeting.
Conference Call/Webcast Information
The Companys annual shareholders meeting is scheduled for 4:00 PM Eastern Daylight Time on June
14, 2007. Those wishing to take part in the conference call can dial 201-689-8049 or 877-407-9210.
A playback will be available through midnight on June 21, 2007. To listen to the playback, please
call 201-612-7415 (International) or 877-660-6853. Use account number 286 and conference ID number
245306.
About Express-1 Expedited Solutions, Inc.
Offering same-day, time sensitive, and dedicated transportation to more than 1500 customers,
Express-1 is one of the largest ground expedite companies in the country. The companys premium
transportation service is provided through its 24/7 operations center, by experienced inside sales
staff using the latest in vehicle tracking and dispatch software. Express-1 services customers in
the 48 states and Canada and has outside sales staff that covers the Midwest and
Southeast. Express-1 utilizes an asset light operating model working with independent contractors
that live throughout the Country. Express-1 Expedited Solutions, Inc. is publicly traded on the
American Stock Exchange under the symbol XPO. For more information about the Company, visit
www.express-1.com.
Forward-Looking Statements
This press release contains forward-looking statements that may be subject to various risks and
uncertainties. Such forward-looking statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995 and are made based on managements current
expectations or beliefs as well as assumptions made by, and information currently available to,
management. These forward-looking statements, which may include statements regarding our future
financial performance or results of operations, including expected revenue growth, cash flow
growth, future expenses, future operating margins and other future or expected performance, are
subject to the following risks: that our recent reorganization fails to result in projected
operating efficiencies; the acquisition of businesses or the launch of new lines of business, which
could increase operating expenses and dilute operating margins; increased competition, which could
lead to negative pressure on our pricing and the need for increased marketing; the inability to
maintain, establish or renew relationships with customers, whether due to competition or other
factors; the inability to comply with regulatory requirements governing our business operations;
and to the general risks associated with our businesses.
In addition to the risks and uncertainties discussed above you can find additional information
concerning risks and uncertainties that would cause actual results to differ materially from those
projected or suggested in the forward-looking statements in the reports that we have filed with the
Securities and Exchange Commission. The forward-looking statements contained in this press release
represent our judgment as of the date of this release and you should not unduly rely on such
statements. Unless otherwise required by law, we undertake no obligation to publicly update or
revise any forward-looking statements, whether as a result of new information, future events or
otherwise after the date of this press release. In light of these risks and uncertainties, the
forward-looking events and circumstances discussed in the filing may not occur, and actual results
could differ materially from those anticipated or implied in the forward-looking statements.
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