Note Regarding Forward-Looking Statements
This Quarterly Report on Form 10-Q includes a number of forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933,. | February 11, 2021
Unique Logistics International Reports Second Quarter Fiscal 2021 Earnings (Quarter ending November 30, 2020 and the six months ending November 30, 2020)
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NEW YORK, Feb. 8, 2021 /PRNewswire/ Unique Logistics International, Inc. (formerly Innocap, Inc.) a global logistics and freight forwarding company, today announced the filing of its Current Report on Form 10-Q (the Current Report ) which included financial results for the three month and six-month period ending November 30, 2020.
Key Financial Results:
Pro-forma Loss from operations $1.4
million.
Key Business Highlights:
First 10-Q since the Company s Reverse Merger with Unique Logistics Holdings, Inc. and subsidiaries (the Acquired Business ).
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NEW YORK, Jan. 26, 2021 /PRNewswire/ Unique Logistics International, Inc. (formerly Innocap, Inc.) a global logistics and freight forwarding company, today announced the filing of its Current Report on Form 8-K/A (the Current Report ) which included our May 31, 2020 audited financial statements. The financial statements included the three-day operating results of the companies that we acquired on May 29, 2020. Management has started to execute on the mission to build the business of the acquired companies and implement the synergies to ensure that our planned growth and cost efficiencies result in financial returns for our shareholders.
In addition, our Current Report included pro-forma financial statements that highlight what the statement of operations and balance sheet would have looked like as of May 31, 2020 had the acquisitions and reverse acquisition occurred on the first of the fiscal year.
Message from CEO: As 2020 draws to a close, I take pleasure in reviewing some of our accomplishments in recent months. In October 2020, through the merger with Unique Logistics Holdings, Inc. ( ULHI ) we acquired a thriving global logistics business. The acquisition comprised three individual companies under ULHI with a substantial United Stated based book of business and an experienced employee base.
We have successfully integrated the three companies under one management team, one operating system and a unified vision of the future. Synergies in services and administration have enabled us to make substantial savings in overhead which will be visible when we publish financial information in the weeks ahead. We have been successful in securing new business contracts and in establishing a business development presence that is driving growth and will continue to do so.