Smart Move, Inc. Announces Increase of 55% in July 2008 Bookings
August 08 2008 - 9:00AM
PR Newswire (US)
DENVER, Aug. 8 /PRNewswire-FirstCall/ -- 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, DATASOURCE: Smart Move, Inc. CONTACT:
Pete Bloomquist of Smart Move, Inc., +1-303-339-9558, Web site:
http://www.gosmartmove.com/
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