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Smart Move, Inc. Announces Increase of 55% in July 2008 Bookings
2008-08-08 07:00:00
Smart Move, Inc. Announces Increase of 55% in July 2008 Bookings
DENVER, Aug. 8 /EMWNews/ -- Smart Move, Inc. (Amex: MVE), a Denver-based logistics company, announced that the Company has obtained record bookings for customer moves during the month of July 2008. The 472 moves booked by the Company during the month represent an increase of 52% in comparison with booked moves of 311 in July 2007. This is the second highest in the Company's history eclipsing the previous second high of June of 2007 of 354. The June 2008 bookings of 645 are currently the record. "Booked moves" are moves requested by customers for which a time has been reserved with Smart Move and a number of vaults confirmed, but for which the delivery of empty vaults to the move origination address has not yet occurred. Booked moves remain subject to cancellation, delay or postponement by the customer until vaults are delivered. Historically the majority of booked moves have been completed at a future date. The company cannot guarantee when and what percentage of these booked moves will result in reported revenues. "We continue to grow our sales channels with the national van lines and third party relocation companies that are using our services," stated Chris Sapyta, CEO of Smart Move. "The July sales figures include bookings with five different national van lines utilizing the Smart Move solution, as compared to last year when we only had one active van line partner booking moves with Smart Move. In addition we have just added a new third party corporate relocation partner, Global Mobility Solutions, Scottsdale, AZ, and we look forward to servicing their account at the highest level for the remainder of this year and anticipate the chance to grow with them in 2009."
About Smart Move:
Smart Move is an innovative logistics company providing services
through deployment of a fleet of Company-owned, SmartVault(TM) shipping
containers to execute the movement of goods. Smart Move utilizes its
proprietary and licensed technologies to efficiently manage its fleet of
assets, providing superior security, scheduling flexibility and expedited
service on behalf of its customers and alliance partners. Smart Move sells
its services direct to moving consumers, and provides moving capacity and
guaranteed logistic services to van lines and agents nation wide. Smart
Move has operations in the top 60 cities in the USA and can service over 92
percent of the US population. http://www.gosmartmove.com
Safe Harbor Statement under the U.S. Private Securities Litigation
Reform Act Of 1995
Certain statements in this release which are not historical facts are
forward-looking statements such as statements relating to future operating
results, existing and expected competition, financing and refinancing
sources and availability and plans for future development or expansion
activities and capital expenditures. These "forward-looking statements" are
within the meaning of the Private Securities Litigation Reform Act of 1995.
In many but not all cases you can identify forward-looking statements by
words such as "anticipate," "believe," "could," "estimate," "expect,"
"intend," "may," "plan," "potential," "should," "will" and "would" or the
negative of these terms or other similar expressions. These forward-looking
statements include statements regarding the company's expectations,
beliefs, or intentions about the future, and are based on information
available to the company at this time. Smart Move assumes no obligation to
update any of these statements and specifically declines any obligation to
update or correct any forward-looking statements to reflect events or
circumstances after the date of such statements or to reflect the
occurrence of anticipated or unanticipated events. Such forward-looking
statements involve a number of risks and uncertainties that may
significantly affect our liquidity and results in the future and,
accordingly, actual results may differ materially from those expressed in
any forward-looking statements. Such risks and uncertainties include, but
are not limited to, those related to the potential impact of any future
delisting of our stock, effects of competition, leverage and debt service
financing and refinancing efforts, general economic conditions, changes in
laws or regulations and risks related to development activities as
described in the company's periodic reports, including its annual report
filed on Form 10-KSB for the year ended December 31, 2007 and its quarterly
report on Form 10-Q for the three month period ended March 31, 2008.
Contact information
Smart Move, Inc. Pete Bloomquist, 303-339-9558, [email protected]
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