Power2Ship
, Inc.
This press release includes certain 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.
him kwaliteit
hat him
They also are willing and able to increase the size of this line
to accommodate
our anticipated growth.dat frysk
PRESS RELEASE Power2Ship Subsidiary Establishes $2 Million Credit Facility With
BB+amp;T Corporation
Power2Ship's Chairman and
Chief Executive Officer, Richard Hersh commented
, "Management anticipates
that this credit facility from BB&T will result in a reduction in interest
expense of at least $100,000 during the next year. We are pleased that
BB&T, the country's 9th
largest financial institution with approximately
$109 billion in assets, has provided us with this
competitively priced
facility. The forward-looking statements are
based on our current expectations
and what we believe are reasonable
assumptions; however, our actual performance, results and achievements
could differ materially from those expressed in, or implied by, these
forward-looking statements
.kwaliteit transport
com
To become a Power2Ship Member Carrier contact: Customer Service at (866)
998-7557 or go
to www.yn hat
com
To become a Power2Ship Member Shipper contact: Arnie Werther, Vice
President Sales
and Operations at (732) 625-3088 or (561) 262-7015 or by
email: awerther@power2ship.p2scarrier.nederl amp
(OTC BB: PWRI), the
provider of a Web-based, Logistics, Collaborative Marketplace for the
freight
transportation industry and related Homeland Security programs, has
obtained a $2 million revolving
line of credit to finance the growth of its
subsidiary Commodity Express Transportation.him bixoft
transport hat
yn kwaliteit
Such
forward
-looking statements include, but are not limited to, statements
regarding our current business plans
, strategies and objectives that
involve risks and uncertainties that could cause actual results to
differ
materially from anticipated results.t oan
Power2Ship (P2S) is an Application Service Provider
that specializes in the
collection and processing of real-time transportation information using
event
-driven software that optimizes the utilization of transportation
assets and provides the information
to trading partners.net/featured/PWRI/company.it frysk
com
hat kwaliteit
Factors, within and beyond our control, that
could cause or contribute to such differences include, among others, the
following: we have a
history of losses and an accumulated deficit, expect
losses to continue for the foreseeable future
and will need to raise
additional working capital in order to implement our business model and
sustain
our operations; the loss of one or more of our major customers
could materially and adversely effect
our future revenue and business
operations; as well as those factors discussed under "Risk Factors
" in our
Form SB-2/A dated December 15, 2004 and various disclosures in other
reports filed from
time to time with the United States Securities and
Exchange Commission.t it
Power2Ship Inc.asp or
contact him at (866) 998-7557 or
(561) 998-7557 or by email:
rhersh@power2ship.iso nsk
transport amp
To hear more information about Power2Ship from
Richard Hersh, Chairman &
CEO, go to: http://www.bixoft nederl
mainframes it
"
About Power2Ship, Inc. P2S has three other
divisions established to accelerate the market
penetration of its patent-pending P2S MobileMarket:
An International
Licensing Division markets the P2S MobileMarket abroad; a Security
Division focuses
on Homeland Security initiatives primarily related to
container security; and a Strategic Transactions
Division seeks merger,
acquisition, and joint venture opportunities with strategic trucking
companies
and other transportation-related providers.publiccoreport.hat amp
P2S' services are
offered to the supply
chain management industry including manufacturers and
distributors of goods as well as service providers
that transport the
goods.it t
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