World Logistics Services, Inc. (WLSV.PK) Announces Major Restructuring
In an effort to regain its focus on the company’s original business model, Order Logistics, Inc., has announced that its new name and symbol is now World Logistics Services Inc., WLSV. The company sold its wholly owned subsidiary, Order Logistics of Illinois and the Solve (IT)2 platform. The sale eliminated approximately $3,000,000 in company debt as well removed over $500,000 in annual administrative salaries. For the first time in its history the company feels that through current operations, and the development of a new warehousing and intermodal subsidiary, the company will generate a positive cash flow. The immediate benefits will…