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DGAP-News: BAS Logistics PLC successfully launches German subsidiary in the mass retailing market
ID: 514469
(firmenpresse) - DGAP-News: ZENITH PR ADVISORS LTD / Key word(s): Strategic Company
Decision
BAS Logistics PLC successfully launches German subsidiary in the mass
retailing market
07.11.2011 / 12:30
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BAS Logistics PLC successfully launches German subsidiary in the mass
retailing market
Esher (UK), 4th November 2011
BAS Logistics PLC (ISIN: GB00B3NJDQ12, WKN: A1H7DR, ticker symbol: LDA),
with its administrative headquarters in Esher, Great Britain, founded the
German subsidiary company Basel Logistics Deutschland GmbH (BLD GmbH),
based in Mainz.
BAS Logistics PLC successfully launches subsidiary company Basel Logistics
Deutschland GmbH in the German business market. BLD GmbH was set up to
operate in the divisions of retail trade and mass retailing, with special
emphasis to be placed on the German market.
Its predecessor was able to generate a turnover of over 15 million euros
over the past two years. As a result of the increased capital resources
available to BAS Logistics PLC, these business divisions are now to be
completely reconstructed and particularly strong growth is expected in
these areas. The company already envisages a total revenue of at least
300,000 euros for the month of November 2011. The company's flow of goods
capacity is to be at least doubled by the second quarter of 2012 at the
latest.
The core business of BLD GmbH is the purchase of goods in bulk in Asia and
Europe, which are then sold onto retailers and customers in Germany. The
company can benefit from a customer database of over 30,000 individual and
loyal clients. The flow of goods for a large order currently stands at
around four to six weeks, which the company aims to reduce to two to three
weeks.
This business requires high liquidity for the purchase of goods and
commissioning. Direct access to the capital market via the parent company
BAS Logistics PLC facilitates a simplified process for the raising of
capital and therefore, considerably accelerates growth opportunities for
BLD GmbH.
About Basel Logistics PLC:
Basel Logistics PLC is a holding company and a full service provider, which
prides itself in providing a whole range of logistic services: transport,
packaging, processing, inspection, financing, as well as the dispatch of
products and goods of all types for wholesale and retail activities.
Website: www.bas-logistics.co.uk
Issuer and responsible for the content of this announcement:
ZENITH PR ADVISORS LTD
Lukas Nistor
Portland House
Stag Place
SW1E 5RS London
Großbritannien
End of Corporate News
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07.11.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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144972 07.11.2011
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Datum: 07.11.2011 - 12:30 Uhr
Sprache: Deutsch
News-ID 514469
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