ZENITH PR ADVISORS LTD
BAS Logistics PLC successfully launches German subsidiary in the mass retailing market
ZENITH PR ADVISORS LTD / Key word(s): Strategic Company Decision 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:
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