OAKVILLE, Ontario, March 21, 2012 /PRNewswire/ -- BLACKBIRD INTERNATIONAL CORPORATION (PINKSHEETS: BBRD) announces that it commenced its strategy to acquire revenue producing companies in the same field of its current technology.
Blackbird has acquired Insight Group Technologies Inc (www.insight-holdings.com) which is an industry leader in the design and the implementation of supply chain planning and its execution. Through IGT it now owns a unique optimization product for the supply chain known as DC Expert as well as a number of other SCM (Supply Chain Management) centric software applications. DC Expert is an industry leading feature rich software suite that is used extensively by "Fortune 500" companies, global Third Party Logistics Providers, and a number of academic institutions. Among its global list of customers for its products and services are many "Blue Chip" companies such as Nestle, Unilever, Nissin, 3M, Moen, Fosters Beer (Australia), Mainfreight International (New Zealand), and Wilfred Laurier University (Canada).
Blackbird is active in acquiring several synergistic companies operating in this niche market and highly profitable space. Blackbird expects its revenue in their Technology and Business Services division to exceed $5.0m by the end of 2012. The Company now has offices in Canada, United States, the United Kingdom and Australia with China as its next target. These offices permit a presence in markets which will immediately expand its operations.
The new Board members of Blackbird are John Pedder and Lee Rector. John, president, brings 20 years of senior executive management experience particularly in driving profitable revenue growth. He held senior positions with 2 of the world's top third party logistics providers (Tibbett & Britten and Exel). He is an active participant/speaker for a number of industry bodies, including the Chartered Institute of Logistics and Transport (UK), Supply Chain and Logistics Canada, the Canadian Transport Seminar and the IWLA.
Lee, vice president, is a senior executive in management and sales execution. He also brings 20 years experience in the IT and high tech marketplace with a number of Fortune 500 organizations. He was instrumental in the growth and success of globally traded IT/Logistics. He acted in the design and development of many software packages in the areas of Warehouse Management, Transportation Management and Logistics Operations.
Both members of the Board bring their proven track record in creating high revenue growth.
About Blackbird International Corporation
Blackbird is in the business of developing and implementing software both in the gaming industry as well as in the field of supply chain management. It develops products and provides the installation and the services required by many Fortune 500 clients. It is in an acquisition mode in order to rapidly become a major firm in this lucrative global market.
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include the fluctuations in the price of gold and in the event of severe weather conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
SOURCE Blackbird International Corporation