Universal Delivery Solutions, Inc. Secures Preliminary Contract in South Florida for its Delivery Management Solutions
18 October 2006 - 11:15PM
Business Wire
Universal Delivery Solutions, Inc. (Pink Sheets:UDSG) announced
that it signed an agreement with Lett Us Franchise, LLC, franchisor
of Salad Creations in and around the Margate, Fla. area to provide
delivery services for a test period of six weeks effective October
11, 2006. �Although we have not made any public announcements for
several months while working diligently with outside counsel and
our independent accountants in an effort to make UDS a fully
reporting company, I felt it was important to let everyone know
that we are still competing to secure the same kinds of contracts
as we always have been,� explains Ryan Coblin, CEO of Universal
Delivery Solutions. �Our sales cycle often begins with a customer
setting-up a beta site. In our history, we have never worked on a
site that did not result in a delivery contract.� As UDS looks
forward to its success at this trial site and expands service to
its existing customer base the company has also been working with
an SEC attorney since last April to assist it in becoming a fully
reporting company. Coblin stated, �Simply put, while working on our
financials to become a reporting company it came to our attention
that UDS Group, Inc., the public trading shell we purchased to
facilitate our effort to go public, does not have all of the books
and records we need to complete an audit for the years prior to the
date we completed our purchase. �We have been working with both our
independent and internal accountants to explore every option
available to address this issue including, as an alternate
transaction, the separate registration and spin-off to UDS
shareholders of our operating subsidiary, Universal Delivery
Solutions, Inc. We are still addressing the legal and accounting
issues, which are relatively complicated, and through these efforts
we will continue to work to become a reporting company under the
Securities Exchange Act of 1934. �On the operations side we have
worked to identify and close sales contracts that will protect the
value of investments our shareholders have made in this company. In
short, we are working daily to strengthen UDS and are excited about
the opportunities that lie ahead.� UDS has redesigned its website
and put a communications firm in place to better communicate its
activities to shareholders. Coblin says, �As we correct the
transaction that has caused us some difficulty, I want to reopen
the lines of communication and provide as much information as
possible.� About Lett Us Franchise, LLC Lett Us Franchise, LLC, has
been operating in the Margate, Fla., area since 2005. Salad
Creations has been recognized as one of the top 50 Fastest Growing
Franchises by Franchise Business Review and as one of the South
Florida Business Journal�s Fastest Growing Private Companies. About
Universal Delivery Solutions, Inc. Universal Delivery Solutions
(Pink Sheets:UDSG) offers a robust delivery orientated customer
relations management (CRM) solution that allows its clients to
fully benefit from increased sales achieved by bringing products
directly to customers via delivery. UDS services and support plug
seamlessly into a client�s existing application servers. Retail
product and food services, once limited to in-store sales, trust
UDS to help increase sales and distribution. UDS is headquartered
in Boca Raton, Fla., and together with its call center services the
company employs more than 20 people. For more information, please
visit the Company�s website at www.universaldelivery.com. Universal
Delivery Solutions, Inc. (Pink Sheets:UDSG) announced that it
signed an agreement with Lett Us Franchise, LLC, franchisor of
Salad Creations in and around the Margate, Fla. area to provide
delivery services for a test period of six weeks effective October
11, 2006. "Although we have not made any public announcements for
several months while working diligently with outside counsel and
our independent accountants in an effort to make UDS a fully
reporting company, I felt it was important to let everyone know
that we are still competing to secure the same kinds of contracts
as we always have been," explains Ryan Coblin, CEO of Universal
Delivery Solutions. "Our sales cycle often begins with a customer
setting-up a beta site. In our history, we have never worked on a
site that did not result in a delivery contract." As UDS looks
forward to its success at this trial site and expands service to
its existing customer base the company has also been working with
an SEC attorney since last April to assist it in becoming a fully
reporting company. Coblin stated, "Simply put, while working on our
financials to become a reporting company it came to our attention
that UDS Group, Inc., the public trading shell we purchased to
facilitate our effort to go public, does not have all of the books
and records we need to complete an audit for the years prior to the
date we completed our purchase. "We have been working with both our
independent and internal accountants to explore every option
available to address this issue including, as an alternate
transaction, the separate registration and spin-off to UDS
shareholders of our operating subsidiary, Universal Delivery
Solutions, Inc. We are still addressing the legal and accounting
issues, which are relatively complicated, and through these efforts
we will continue to work to become a reporting company under the
Securities Exchange Act of 1934. "On the operations side we have
worked to identify and close sales contracts that will protect the
value of investments our shareholders have made in this company. In
short, we are working daily to strengthen UDS and are excited about
the opportunities that lie ahead." UDS has redesigned its website
and put a communications firm in place to better communicate its
activities to shareholders. Coblin says, "As we correct the
transaction that has caused us some difficulty, I want to reopen
the lines of communication and provide as much information as
possible." About Lett Us Franchise, LLC Lett Us Franchise, LLC, has
been operating in the Margate, Fla., area since 2005. Salad
Creations has been recognized as one of the top 50 Fastest Growing
Franchises by Franchise Business Review and as one of the South
Florida Business Journal's Fastest Growing Private Companies. About
Universal Delivery Solutions, Inc. Universal Delivery Solutions
(Pink Sheets:UDSG) offers a robust delivery orientated customer
relations management (CRM) solution that allows its clients to
fully benefit from increased sales achieved by bringing products
directly to customers via delivery. UDS services and support plug
seamlessly into a client's existing application servers. Retail
product and food services, once limited to in-store sales, trust
UDS to help increase sales and distribution. UDS is headquartered
in Boca Raton, Fla., and together with its call center services the
company employs more than 20 people. For more information, please
visit the Company's website at www.universaldelivery.com.
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