• Home
• Reviews
• Insurance
• New Car Buyer's Guide
• Buyer's Guides By Make
• Auto Parts
• Video/Audio
• PennySaver

Elite Logistics Retains Schneider Securities Inc. as Investment Banking Advisors

    FREEPORT, Texas--Jan. 12, 2001--Elite Logistics Inc. (OTCBB:ELOG) is pleased to announce that it has entered into an investment banking agreement with Schneider Securities Inc. of Denver ("Schneider") under which Schneider will provide Elite a full range of corporate finance, investment banking and consulting services.
    Elite will pay $41,000.00 to Schneider for services to be provided under the investment banking agreement. Elite will also issue to Schneider a warrant to purchase up to 100,000 shares of Elite's common stock consisting of 50,000 shares at a price of $2.50 and 50,000 shares at a price of $4.50. Schneider may exercise the Warrant at any time after the first anniversary of the Warrant Agreement and the Warrant shall expire five (5) years from the date of the Warrant Agreement.
    Schneider Director of Equity Research, Dave LeVigne, stated, "We are really excited about working with Elite. Elite is extremely well positioned as a technology leader in the hyper-growth Telematics sector. We intend to assist them execute on their business plan."
    Joe Smith, Elite's CEO, commented, "Schneider has an excellent track record of working with small cap companies. One of our goals is to position our company for a listing on the NASDAQ SmallCap or Amex markets. Our partnership with Schneider is a significant stepping-stone towards achieving that goal. Schneider's nationwide presence will help us to maximize our exposure to the investment community and assist in raising capital to fuel our growth."

    About Elite Logistics Inc.

    Elite Logistics Inc. is the parent company of Elite Logistics Services Inc., its wholly-owned operating subsidiary, based in Freeport, Texas. Elite Logistics Services Inc. is best known for its patent pending PageTrack(R) family of Intelligent Vehicle Systems that integrates global positioning systems and two-way wireless telemetry technology to provide Internet-enabled tracking and control of vehicles and other assets. The company provides a comprehensive solution to the logistics needs of fleet managers and the security needs of private vehicle owners. The PageTrack(R) family of Intelligent Vehicle Systems is distributed within the United States through an expanding network of distributors and dealers. The company is a certified value added integrator for Motorola and utilizes the paging network of Skytel, a subsidiary of MCI WorldCom . For additional information, visit the company's Web site at www.elitelog.com.

    About Schneider Securities Inc.

    Schneider Securities Inc., founded in 1985, is a full service brokerage firm that offers a wide array of investment banking products and services. The company currently has 27 branch offices in the United States and approximately 180 registered representatives. For additional information, visit the company's Web site at www.schneider-securities.com.

    Editorial note: The above news release may contain forward-looking statements as that term is defined by the Federal securities laws. Forward-looking statements discuss future expectations, contain projections of results of operations or of financial conditions, characterize future events or circumstances, or state other forward-looking information. Although the Company's management believes that the expectations reflected in such statements are based on reasonable assumptions, actual results and outcomes could differ materially from those projected.