SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________________
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 5, 2002
TRANSPORTATION LOGISTICS INT'L, INC.
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(Exact name of Registrant as Specified in its Charter)
Colorado 0-25319 84-1191355
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(State of Incorporation) (Commission File (IRS Employer
Number) Identification No.)
136 Freeway Drive, East Orange, NJ 07018
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(Address of principal executive offices)
(973) 266-7020
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Registrant's Telephone Number
EXHIBITS
99. Letter to the Shareholders dated April 5, 2002.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TRANSPORTATION LOGISTICS INT'L, INC.
Dated: April 5, 2002 By:/s/ Michael Margolies
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Michael Margolies
Chief Executive Officer
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EXHIBIT 99
Transportation Logistics Int'l Inc.
136 Freeway Drive, East Orange, N.J. 07018
Phone (973) 266-7020 - Fax (973) 266-7030
Website: wwwtranslogisticsnetwork.com
Email address: www.tliintl@aol.com
OTCBB: (TRPL)
April 5, 2002
Dear Shareholder:
As I write this letter I can't help but reflect on the dramatic progress our
company has made during the recently completed first quarter of this year.
The last ninety days have been an exciting and challenging time for
Transportation Logistics. Our goal for 2002 is to strengthen the foundation
of our company through strategic acquisition and vertical integration, and I
am pleased to report that we are significantly ahead of schedule.
Milestone events over the past quarter include:
* The formation of Translogistics, Inc., as a wholly owned subsidiary to
offer third party logistics management and services. This will increase
our non-cyclical revenue stream at an extremely high return on investment
and leverage our expertise and in depth industry knowledge. The
Translogistics division continues to grow daily thru expansion of its
customer base and agent network.
* Creating a financing division for Translogistics Inc. to provide
financial and administrative assistance to our qualified logistics
partners. This will capitalize on the extensive relationship building
and account processes we have built over the past three years, helping
us monetize this effort for our shareholders.
* Expanding our capabilities in Trans-Oceanic cargo shipment by
negotiating supply contracts directly with major shipping lines, thus
creating significant savings for our client base and further enhancing
our value proposition. Additionally this will allow us to increase our
global reach as a logistics management and services company.
* Furthering our global expansion plan through opening offices in Guinea,
West Africa.
* Expanding our ground transportation division by signing new contracts
and acquiring new equipment, capitalizing on our existing technical
infrastructure by growing revenues with minimal incremental cost.
* By selling a segment of our HumanaForce LLC division we have retained
gross revenue benefits and profit participation, allowing us to focus
on building our core business without the day-to-day management
responsibilities for HumanaForce.
* Driving a reduction of over 300% in insurance claims as a result of the
ongoing safety and employee education program in our Pupil Transportation
Inc. division. This is statistical evidence that our leading edge
technology works - for us, and going forward, for our clients.
Detail on the above activities will be reflected in our 10Q filing with the
SEC on May 15th and our fiscal 2001 results will be reported in our 10K filing
on April 15th.
Contrary to overall trends in the Transportation and Logistics Industry, our
company is healthy and rapidly growing. Due to the changes we have implemented
over the past year our business is becoming less cyclical, more diversified
and a true global player on the verge of leveraging our unique expertise and
intellectual capital.
The second quarter looks very promising and supports our vision of where we
want Transportation Logistics to be by the end of this year. Additionally, we
expect to maximize the potential of recent changes in the global economy to
the benefit of our shareholders.
We thank you for your continued support and enthusiasm.
Sincerely,
Michael Margolies
Chairman of the Board