
Sept 09, 2008 8:00
AM US Eastern Timezone
Brick Mountain Logistics
Announces Positive Performance
MIAMI, Sept 09, 2008 Brick
Mountain Logistics, a wholly-owned subsidiary of Pacer Health
Corporation (OTCBB:PHLH), today reported positive progress following
the May acquisition of the assets of Cargo Connections Logistics
Corporation.
The company also announced that it has taken steps towards
profitability through companywide cost reductions of more than $1.2
million on an annualized basis. The company will continue to drive
operational efficiencies within all segments to align its revenue to
meet its bottom-line goals.
To date the management team of Brick Mountain has increased cash
flow through enhanced accounts receivable follow-up practices;
reduced expenses through expense management; and increased revenue
through development of a centralized sales department.
"We are pleased with the direction in which Brick Mountain Logistics
is going and how far we've come in the just a few short months,"
said John Chi, Pacer's chief financial officer. "This demonstrates a
measurable improvement in profitability and marks a strong growth
cycle."
Brick Mountain Logistics expects to continue to narrow any losses by
reducing operating and overhead expenses which include incorporating
green initiatives into its fleet and warehousing operations to
sustain the environment and revenue.
About Pacer Health Corporation
Pacer Health Corporation is a company that focuses on financially
distressed businesses in all market segments including and beyond
the healthcare arena. Pacer is an owner-operator of acute care
hospitals, medical treatment centers and psychiatric care facilities
serving non-urban areas throughout the Southeast as well as a
distribution and logistics company with locations throughout the
United States. Please visit http://www.pacerhealth.com for more
information.
"Forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995 may be included in this news release.
These statements relate to future events or our future financial
performance. They are only predictions and may differ materially
from actual future results or events. Pacer Health disclaims any
intention or obligation to revise forward-looking statements whether
as a result of new information, future developments or otherwise.
Important risk factors – including, but not limited to risks
associated with changes in general economic and business conditions
(including in the IT and financial information industry), actions of
our competitors, the extent to which we are able to develop new
services and markets for our services, the time and expense involved
in such development activities, the level of market acceptance of
our services, and changes in our business strategies – could cause
actual results to differ from those contained in forward-looking
statements.
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Cargo Connection Logistics Corp.
600 Bayview Ave., Inwood, NY 11096
516-239-7000 Fax 516-239-0411
Toll Free 1-800-747-0200
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Copyright © Cargo Connection Logistics Corp. All Rights Reserved.
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