Transportation and Logistics Systems, Inc.

Transportation and Logistics Systems, Inc. is a holding company. It is primarily an asset-based point-to-point delivery company. The Company operates through its subsidiaries, Cougar Express, Freight Connections, JFK Cartage, and Severance Trucking Co., Inc., provides a full suite of logistics and transportation services, specializing in e-commerce fulfillment, last mile deliveries, two-person home delivery, mid-mile, and long-haul services. The Company, through its subsidiaries, owns approximately 32 vehicles consisting of trucks, box trucks and vans, 14 trailers, and 15 forklifts. In addition, its operations utilize the services of independent contractors, who generally use their own vehicles, on an as needed basis. It has built its delivery services to perform effectively in the on-demand shipping environment that is part of the e-commerce fulfillment solutions system.