Company Also Announces Discussions With Experienced Management Team
DENVER, CO, June 26, 2018 (GLOBE NEWSWIRE) -- Supurva Group, Inc. (a.k.a Supurva Healthcare Group, Inc.) (OTC PINK: SPRV) (the "Company"), is pleased to announce that the Company is dramatically changing its strategic focus and will seek to enter into the “Last Mile Delivery” sector. The Company has identified a suitable acquisition target and discussions are ongoing. The prospective business combination would include an existing last mile delivery operation and a service agreement with Amazon, Inc. to conduct the “last mile” of delivery in the San Francisco Bay area, Oakland, Sacramento and San Jose, California markets. The Company has also put forward a plan to appoint new management to oversee the new strategy and direction of the Company.
Key highlights of the target company since 2016 include;
- 10 Million small and medium sized packages delivered annually.
- $16.2 Million in recorded annual revenue for 2017.
- 165 plus fleet vehicles to include Less Than Load (LTL), cargo vans, and private vehicles.
- Grown from 5 to 300 full-time and part-time employees.
The target company continues to build partnerships and business relationships with national organizations in the transportation, fleet management, and staffing agency sectors to ensure sustainable long-term growth.
As part of the change in strategic focus, the Company will be appointing new Directors to the Board and making additions to management.
The Company expects to sign a letter of intent and close the transaction in the coming weeks.
The Company looks forward to sharing future developments with its shareholder base in a timely manner.
About Supurva Group, Inc.
The Company is in the process of transitioning into the logistics and logistics service sector.
This release contains statements that constitute 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. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in the Company’s filings with the Securities and Exchange Commission.
Supurva Group, Inc.
Public Relations and Shareholder Information
Name: Corporate Communications
Phone: (914) 361-9877
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