BOCA RATON, Fla., Oct. 21, 2004 (PRIMEZONE) -- Pony Express U.S.A., Inc. (OTCBB:PYXP), an emerging business delivery solutions provider, announced today it anticipates the company will reach profitability by the end of 2004. The company made the announcement after a recent streamlining of its operations as it expands its fulfillment division which, due to a newly developed infrastructure, has a healthy profit margin, according to Peter Ticktin, President and CEO.
PonyExpress(r)'s fulfillment division provides customers with an array of services such as inventory control, restocking, assembly, and display design and visual merchandising.
"We believe that profitability equals stability and we are making the changes necessary to achieve this profitability, hopefully by Thanksgiving, but definitely before year end," said Ticktin. "It will be accomplished through our outstanding shipping capabilities coupled with the success we are seeing in the fulfillment division which features high-volume clients including major plant growers in Florida. Pony's combination of shipping and fulfillment gives us a distinct advantage in the marketplace -- which we are aggressively pursuing."
Ticktin also said the company plans to expand its fulfillment services into other states beginning with Georgia, followed by South Carolina, North Carolina and Virginia. Expansion into these states begins within the next few months with market penetration into all four states anticipated by the end of 2005. In addition, the company announced it is moving its administrative offices from Boca Raton, Florida, to nearby Pompano Beach, Florida. The administrative staff will be headquartered at Pony Express' Pompano Depot.
"This is to save on unnecessary expenses. Profitability is not going to be derived from increased revenue alone. Expenses are being cut wherever pragmatically sensible," said Ticktin.
About PonyExpress(r)
We are the original PonyExpress dating back to 1860. Few other commercial organizations can claim a history that glows with as many stories of genuine heroism and legendary service. It is the continuation and revitalization of the "can do" attitude and determination that make PonyExpress different. We are dedicated to providing businesses with the very best delivery solutions. Today, headquartered in Boca Raton, Florida, PonyExpress offers a variety of cost-effective delivery solutions that include express next day a.m. or standard delivery of documents, letters, small packages, LTL freight, temperature-sensitive and PonyFulfillment(TM) services which provide businesses with a number of additional unique and customized services to meet their specific needs. For more information on PonyExpress, visit our web site at www.usepony.com or call 1-800-USE-PONY (873-7669).
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