Transportation and Logistics Systems, Inc. laid-off its Treasurer, Mr. Marc Weiss, and its Director of Accounting/Finance and Secretary, Ms. Tasrin Ahmed. Both Mr. Weiss? and Ms. Ahmed?s terminations were due principally to the Company?s having recently ceased all of its logistics and transportation operations and because the Company is insolvent and unable to meet its existing financial obligations.

On March 1, 2024, the Board of Directors of the Company, acting by unanimous written consent, appointed Sebastian Giordano to the office Treasurer of the Corporation, and John Mercadante to the office of Secretary of the Corporation effective March 1, 2024. Due to the Company?s current financial condition.