1009480--9/6/2006--TARGET_LOGISTICS

related topics

{stock, price, share}

{operation, natural, condition}

{provision, law, control}

{stock, price, operating}

{property, intellectual, protect}

{debt, indebtedness, cash}

{competitive, industry, competition}

{acquisition, growth, future}

{personnel, key, retain}

{condition, economic, financial}

{control, financial, internal}

{interest, director, officer}

{cost, regulation, environmental}

An investment in our Common Stock is subject to risks inherent to our business. The material risks and uncertainties that management believes affect the Company are described below. Additional risks and uncertainties that management is not aware of or focused on or that management currently deems immaterial may also impair the Company s business operations. Risk Factors Relating To Our Business Generally We have incurred historic losses and only recently achieved profitability. We face aggressive competition from freight carriers with greater financial resources and with companies that operate in areas that we plan on expanding to in the future. We may have to compete with inner-city truckers that have greater goodwill, name, resources and trade recognition than us. We rely on other carriers to provide transportation facilities. Our failure to comply with, or the costs of complying with, government regulation could negatively affect our results of operation. Terrorist attacks and other acts of violence or war may affect any market on which our shares trade, the markets in which we operate, our operations and our profitability. We intend to continue expansion through acquisition. We are dependent upon key officers. Economic and other conditions in the markets in which we operate can affect demand for services and results of operations. Substantially all of our assets are pledged to secure indebtedness. A substantial portion of our voting stock is controlled by TIA. Risk Factors Relating to our Articles of Incorporation and our Stock The liability of our directors is limited. It is unlikely that we will issue dividends on our Common Stock in the foreseeable future. The exercise of outstanding options and conversion rights will dilute the percentage ownership of our stockholders, and any sales in the public market of shares of our Common Stock underlying such options and conversion rights may adversely affect prevailing market prices for our Common Stock. Future sales of our Common Stock by existing shareholders could negatively affect the market price of our Common Stock and make it more difficult for us to sell shares of our Common Stock in the future. The price of our Common Stock has historically been volatile. The issuance of Preferred Stock may have the effect of delaying, deterring or preventing a change in our control.

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1009480--9/6/2006--TARGET_LOGISTICS_INC