Business
Link Reservations, Inc. (LRSV) Announces Acquisition of Global Enterprises & Logistics, Inc.
Link Reservations, Inc. (LRSV) Announces Acquisition of Global Enterprises & Logistics, Inc..
About this update from Link Reservations Inc.
[{"type":"text","content":"\n MIAMI, March 14, 2023 (GLOBE NEWSWIRE) -- Link Reservations Inc. (OTC PINK: LRSV) (the “Company”) is pleased to announce today, that further to the Letter of Intent (“LOI”) dated June 6th, 2022 with Global Enterprises and Logistics, Inc. (”Global”), as disclosed in the Supplemental Disclosure filed with OTC Markets Group March 9th, 2023, the Company has successfully completed the acquisition of Global Enterprises & Logistics, Inc., as a wholly owned subsidiary of the Company through a Share Exchange Agreement (“SEA”) dated March 3rd, 2023. Global Enterprises and Logistics, Inc. is a provider of refrigerated freight forwarding and individualized logistics for a wide spectrum of clients in the wholesale and retail food industry, including the hospitality industry, both of which rely on the timely delivery of regular and recurring food shipments to supply the demand of their end users. Global has continued to grow year after year since opening its doors for business in 2010, servicing over 65,000 customers for the past 12 years, while delivering over three quarters of a million loads as it continues to grow and stay ahead of the constantly evolving logistics space, and as it adapts and pivots to meet the needs of the recent and ongoing world-wide supply chain issues, and the challenges it presents to the industry as a whole. Rather than looking at these issues as a problem, Global has identified the opportunity to expand and diversify its operations through acquisitions, joint ventures and strategic partnerships. Strategically situated in South Florida, Global is on the door-step of the busiest cargo and freight airport in the United States according to a report published in April of 2022 by Airports Council International (ACI). With a workforce team of over 70 dedicated personnel and refrigerated tractor trailers (reefers), both customers and industry peers have recognized and acknowledged the level of professionalism, experienced management, and premium customer service that Global provides. With the closing of the “Global” acquisition, Link Reservations, Inc. (LRSV) has begun preparations to become a reporting company under the 34 Act, by filing a FORM 10 in the near future, with further plans to up-list the Company to the OTC:QB market platform. Link/Global...