Blackbird International Announces its Strategy for Acquisitions
OAKVILLE, Ontario, March 21, 2012 /PRNewswire/ -- BLACKBIRD INTERNATIONAL CORPORATION (PINKSHEETS: BBRD.PK - News) 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.