Firm Seeks Acquisition of Xcalibur Xpress
March 3, 2003
National Management Consulting Inc. has entered into a letter of intent with Transportation Logistics Int'l Inc. to acquire Xcalibur Xpress Inc., a wholly owned subsidiary of Transportation Logistics, in exchange for a combination of stock and notes.
The transaction will not take place, however, until each party has completed reviews and approvals.
Xcalibur Xpress is a transportation company specializing in trucking, logistics and brokerage services for the intermodal industry. Its revenues during 2002 were about $5 million.
Steven A. Horowitz, chairman and CEO of National Management, said "We believe that Xcalibur Xpress' business will bring synergies to our subsidiary, Humana Trans Services Group, that should prove to be an integral component of our growth plans for 2003 and beyond."