(OTC: FHAL) Announces Target Date to Complete Its First Acquisition
(CybeRelease, May 2, 2006) - Lake Harmony, PA - The Fronthaul Group, Inc. (OTC BB: FHAL) announced today it expects to complete the acquisition of an established long-haul trucking company with 18 trucks and trailers that has historically had annual revenues of approximately $3.3 million by May 15th, 2006.
Michael Alexander, the Company’s Chief Executive Officer, said: “This acquisition is the first towards the Company’s 12 month goal of building a significant long-haul trucking company with 24+ trucks and trailers. This acquisition along with the Company’s existing fleet will give us a solid operating base of $5+ million in annual revenues from which to launch additional acquisitions towards our 12 month goal of 42+ trucks and trailers.” Alexander added, “The Fronthaul Group, Inc. is currently in the process of reviewing numerous quality acquisition candidates similar to this one.”
For in-depth analyst coverage, go to http://www.OTCReporter.com.
CybeRelease Gainers are Vical Incorporated (Nasdaq: VICL), First Oak Brook Bancshares, Inc. (Nasdaq: FOBB), GoAmerica, Inc. (Nasdaq: GOAM), Ceres Group Inc. (Nasdaq: CERG), Verso Technologies, Inc. (Nasdaq: VRSO), MGP Ingredients, Inc. (Nasdaq: MGPI), Sirius Satellite Radio Inc. (Nasdaq: SIRI) and Cyberonics, Inc. (Nasdaq: CYBX).
CybeRelease Decliners are EFJ Inc. (Nasdaq: EFJI), AMICAS, Inc. (Nasdaq: AMCS), Ronson Corporation (Nasdaq: RONC), Sapient Corporation (Nasdaq: SAPE), NitroMed, Inc. (Nasdaq: NTMD), Heidrick & Struggles International, Inc. (Nasdaq: HSII), Alliance Fiber Optic Products, Inc. (Nasdaq: AFOP) and Bottomline Technologies, Inc. (Nasdaq: EPAY).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid CybeRelease $595.00 for the publication of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.
- Contact Information
- C. P. Barry
- Media Contact
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.