WLG INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations General WLG Inc. ("WLG," the "Company," or the "Group") is an international, non-asset based logistics company that provides air and ocean freight forwarding, contract logistics, customs brokerage and other supply chain management services to its customers from its offices in Hong Kong, the People's Republic of China ("PRC" or "China"), Australia, the United States ("US"), the United Kingdom ("UK") and through a worldwide network of independent cargo agents. WLG's business is conducted by its operating subsidiaries, which, as of September 30, 2009, included the following entities: Wako Express (HK) Co. Ltd. ("WEHK"), Wako Air Express (HK) Co. Ltd. ("WAE"), Wako Express (China) Co. Ltd. ("WE China"), WLG (USA) LLC ("WLG (USA)") (formerly dba "Kay O'Neill"), Mares-Shreve & Associates, Inc. ("MSA"), Asean Cargo Services Pty Limited ("Asean"), WLG (UK) Limited ("WLG (UK)") and World Commerce Services, LLC, ("WCS"). WLG was incorporated in Delaware on December 2, 2003, under the name Wako Logistics, Inc., and in January 2004, changed its name to Wako Logistics Group, Inc. In December 2007, we changed our name to WLG Inc. Under our certificate of incorporation, we were initially authorized to issue 100 million shares of common stock, par value $0.001 per share. On the date of our first name change, we reduced the number of authorized shares to 60 million, of which 55 million shares were designated as common stock, and 5 million shares were designated as blank check preferred stock. Immediately following the formation of WLG, Mr. Christopher Wood ("Mr. Wood") became our sole shareholder. Pursuant to certain Share Exchange Agreements entered into on January 18, 2004, between us and Mr. Wood (and his ...
Click here to read the whole Article (external link)

WLG INC Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
Click here to read the whole Article (external link)

WLG INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations General WLG Inc. ("WLG," the "Company," or the "Group") is an international, non-asset based logistics company that provides air and ocean freight forwarding, contract logistics, customs brokerage and other supply chain management services to its customers from its offices in Hong Kong, the People's Republic of China ("PRC" or "China"), Australia, the United States ("US"), the United Kingdom ("UK") and through a worldwide network of independent cargo agents. WLG's business is conducted by its operating subsidiaries, which, as of June 30, 2009, included the following entities: Wako Express (HK) Co. Ltd. ("WEHK"), Wako Air Express (HK) Co. Ltd. ("WAE"), Wako Express (China) Co. Ltd. ("WE China"), WLG (USA) LLC ("WLG (USA)") (formerly dba "Kay O'Neill"), Mares-Shreve & Associates, Inc. ("MSA"), Asean Cargo Services Pty Limited ("Asean"), WLG (UK) Limited ("WLG (UK)") and World Commerce Services, LLC, ("WCS"). WLG was incorporated in Delaware on December 2, 2003, under the name Wako Logistics, Inc., and in January 2004, changed its name to Wako Logistics Group, Inc. In December 2007, we changed its name to WLG Inc. Under our certificate of incorporation, we were initially authorized to issue 100 million shares of common stock, par value $0.001 per share. On the date of our first name change, we reduced the number of authorized shares to 60 million, of which 55 million shares were designated as common stock, and 5 million shares were designated as blank check preferred stock. Immediately following the formation of WLG, Mr. Christopher Wood ("Mr. Wood") became its sole shareholder. Pursuant to certain Share Exchange Agreements entered into on January 18, 2004, between us and Mr. Wood (and his nomin...
Click here to read the whole Article (external link)

WLG INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations General WLG Inc. ("WLG," the "Company," or the "Group") is an international, non-asset based logistics company that provides air and ocean freight forwarding, contract logistics, customs brokerage and other supply chain management services to its customers from its offices in Hong Kong, the People's Republic of China ("PRC" or "China"), Australia, the United States ("US"), the United Kingdom ("UK") and through a worldwide network of independent cargo agents. WLG's business is conducted by its operating subsidiaries, which, as of March 31, 2009, included the following entities: Wako Express (HK) Co. Ltd. ("WEHK"), Wako Air Express (HK) Co. Ltd. ("WAE"), Wako Express (China) Co. Ltd. ("WE China"), WLG (USA) LLC ("WLG (USA)") (formerly dba "Kay O'Neill"), Mares-Shreve & Associates, Inc. ("MSA"), Asean Cargo Services Pty Limited ("Asean"), WLG (UK) Limited ("WLG (UK)") and World Commerce Services, LLC, ("WCS"). WLG was incorporated in Delaware on December 2, 2003, under the name Wako Logistics, Inc. In January 2004, we changed the Group's name to Wako Logistics Group, Inc., and, in December 2007, we changed its name to WLG Inc. Under our certificate of incorporation, we were initially authorized to issue 100 million shares of common stock, par value $0.001 per share. On the date of our first name change, we reduced the number of authorized shares to 60 million, of which 55 million shares were designated as common stock, and 5 million shares were designated as blank check preferred stock. Immediately following the formation of WLG, Mr. Christopher Wood ("Mr. Wood") became its sole shareholder. Pursuant to certain Share Exchange Agreements entered into on January 18, 2004, between us and Mr. Wood (a...
Click here to read the whole Article (external link)

WLG INC Files SEC form 10-K, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Certain statements in this report, including statements in the following discussion, may constitute forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company would like to caution readers regarding certain forward-looking statements in this document and in all of its communications to shareholders and others, press releases, securities filings, and all other communications. Statements that are based on management's projections, estimates and assumptions are forward-looking statements. The words "believe," "expect," "anticipate," "intend," "will," and similar expressions generally identify forward-looking statements. While we believe in the veracity of all statements made herein, forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by us, are inherently subject to significant business, economic and competitive uncertainties and contingencies and known and unknown risks, including, but not limited to the risks described in Item 1A and elsewhere in this report. Many of the uncertainties and contingencies may affect events and could cause our actual results to differ materially from those expressed in any forward-looking statements made by, or on our behalf. Overview WLG is an international, non-asset based logistics company that provides air and ocean freight forwarding, contract logistics, customs clearances and other supply chain management services, throughout the world, from its offices in Hong Kong, the PRC, Australia, the United Kingdom and the United States. We serve our customers through our offices and through a worldwide network of independent cargo agents. All of our business is conducted by our operating subsidiaries. We do not own or operate any transporta...
Click here to read the whole Article (external link)

WLG INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Item 1.01 Entry into a Material Definitive Agreement. WLG Inc. (the "Company") entered into an employment agreement (the "Employment Agreement"), effective January 1, 2009 with Christopher Wood, the Company's Chief Executive Officer and director. Pursuant to the Employment Agreement, Mr. Wood will continue to serve as the Company's Chief Executive Officer for an initial term of five years, and such term shall be automatically extended for successive one year terms, unless earlier terminated pursuant to the terms of the Employment Agreement. Under the Employment Agreement, Mr. Wood shall receive (i) an annual base salary of HKD 1,920,000, which amount shall be reviewed on an annual basis by the board of directors of the Company (the "Board"), (ii) a monthly housing allowance of HKD 70,000, which may be adjusted from time to time, as mutually agreed by the Company, (iii) reimbursement for business expenses, (iv) health insurance for himself and his immediate family and reimbursement of premiums of any medical and dental plans under which he and his immediate family are covered, and (iv) the use of a Company car and reimbursement for the costs of operating such Company car. Mr. Wood is also eligible to receive an annual cash bonus of up to 100% of his base salary, as determined solely in the discretion of the Board and may receive stock awards under the Company's 2005 Stock Incentive Plan, or any other plan adopted by the Company, as determined from time to time in the discretion of the Board. The Employment Agreement also contains what the Company believes are standard indemnification and confidentiality provisions. The Employment Agreement may be terminated at any time by (i) unanimous vote of the Board for cause (as defined in the Employment Agreement), (ii) by Mr. Wood upon one month's prior written notice, or (iii) by mutual agreement of the Company and Mr. Wood. If Mr. Wood terminates the Employment Agreement for Good Reason (as defined in the Employ...
Click here to read the whole Article (external link)

WLG INC Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for WLG INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for WLG INC 4-Feb-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for tr...
Click here to read the whole Article (external link)

WLG INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits

Show all filings for WLG INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for WLG INC 17-Nov-2008Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes on...
Click here to read the whole Article (external link)

WLG INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations General WLG Inc. ("WLG," the "Company," or the "Group") is an international, non-asset based logistics company that provides air and ocean freight forwarding, contract logistics, customs brokerage and other supply chain management services to its customers from its offices in Hong Kong, the Peoples Republic of China ("PRC" or "China"), Australia, United States ("US"), United Kingdom ("UK") and through a worldwide network of independent cargo agents. WLG's business is conducted by its operating subsidiaries, which, as of September 30, 2008, included the following entities: Wako Express (HK) Co. Ltd. ("WEHK"), Wako Air Express (HK) Co. Ltd. ("WAE"), Wako Express (China) Co. Ltd. ("WE China"), WLG (USA) LLC ("WLG (USA)") (formerly dba "Kay O'Neill"), Mares-Shreve & Associates, Inc. ("MSA"), Asean Cargo Services Pty Limited ("Asean"), WLG (UK) Limited ("WLG (UK)") and World Commerce Services, LLC ("WCS"). WLG was incorporated in Delaware on December 2, 2003, under the name Wako Logistics, Inc. In January 2004, we changed our name to Wako Logistics Group, Inc. and in December 2007, our name was changed to WLG Inc. Under our certificate of incorporation, we were initially authorized to issue 100 million shares of common stock, par value $0.001 per share. On the date of our first name change, we reduced the number of authorized shares to 60 million shares, of which 55 million shares were designated as common stock, and 5 million shares were designated as blank check preferred stock. Immediately following the formation of WLG, Mr. Christopher Wood ("Mr. Wood") became our sole shareholder. Pursuant to certain Share Exchange Agreements entered into on January 18, 2004, between us and Mr. Wood (and his n...
Click here to read the whole Article (external link)