This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation in respect of a credit facility or any security, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, the facility or any security in any jurisdiction. Neither this presentation nor anything in it shall form the basis of any contract or commitment. This presentation is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, ﬁnancial situation or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate. This information in this presentation was based on information available, including information derived from public sources that have not been independently veriﬁed. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. These projections should not be considered a comprehensive representation of any cash generation performance. The ﬁnancial information included in this presentation is preliminary, unaudited and subject to revision upon completion of an audit processes. This ﬁnancial information has not been adjusted to reﬂect the outcome of any reorganization of any companys capital structure, the resolution or impairment of any pre‐petition obligations, and does not reﬂect fresh start accounting which may be required. All forward–looking statements attributable to any company or persons apply only as of the date of this document, and are expressly qualiﬁed in their entirety by the cautionary statements included elsewhere in this presentation and any representation connected to this presentation. The ﬁnancial projections are preliminary and subject to change; we undertake no obligation to update or revise these forward–looking statements to reﬂect events or circumstances that arise after the date made or to reﬂect the occurrence of unanticipated events. Inevitably, some assumptions will not materialize, and unanticipated events and circumstances may affect the ultimate ﬁnancial results. Projections are inherently subject to substantial and numerous uncertainties and to a wide variety of signiﬁcant business, economic and competitive risks, and the assumptions underlying the projections may be inaccurate in any material respect. Therefore, the actual results achieved may vary signiﬁcantly from the forecasts, and the variations may be material.
The aim of Truckonomics is to reduce the amount of low-quality competition and provide an incentive program for truck drivers that fosters loyal long-term relationships with the largest carriers. Ten loyal experienced drivers? That's great. Now imagine how 100 loyal experienced drivers willing to offer you ten years of service tomorrow would reduce overheads and provide you with peace of mind.
By adopting the Truckonomics plan, you offer your employees a chance to become part owners of a fleet of income-generating trucks. This provides them with future security and an incentive to stay loyal to your firm. This means less driver turnover for you and an ability to attract experienced drivers from other smaller carriers.
By encouraging more experienced drivers to join and stay with the larger carriers, we can change the landscape of the trucking industry and make it better for everyone. The oversaturation of small carriers affects the industry's ability to grow organically. You can find out more about how Truckonomics seeks to address that here.
So, what does it cost you to become a Truckonomics partner? Absolutely nothing. Just let us prepare your recruiters for the tsunami of new recruits, introduce us to your drivers, and we'll do the rest.
The Truckonomics plan offers drivers a way to become part investors and owners in revenue-generating trucks. The way Truckonomics achieves that is by selling stock in a company that owns a theme truck. Ninety percent of the company is be allotted to up to 10 owners. The remaining ten percent to 1 owner. The purpose is to connect owners to the trucking industry's enormous wealth at a significantly lower price and with much less risk.
Here's how it works:
You call a recruiter from a partner carrier firm. They explain the benefits of driving for their company, and the procedures for getting started with the Truckonomics plan. After prequalifying over the phone, they send you a new-hire packet.
You choose a partner carrier firm that fits you best. Complete the new-hire packet they send you, and return it as soon as possible. Make every effort to follow their procedures and any instructions to ensure a seamless transition and the best possible start.
You climb into a truck of the partner carrier firm you choose. Select a Truckonomics asset package, payment plan, and a theme truck. Complete and sign a purchase agreement and, if necessary, an application for financial assistance, and designate an existing retirement facility or setup a new qualified retirement plan (QRP) with an approved third-party tax attorney.
Your investment money, together with the money of your new partners, is used as a down-payment on your truck(s) and to pay vital expenses that make your ownership possible. In addition, a loan is secured to pay the shortfall on your truck(s).
All net income from your truck(s) is accumulated and used to purchase additional trucks, and repay a large portion of your original investment. No dividends are paid during the first three years.
For income packages, dividend payments begin from the year 4 and continue every year until the close of business. Payments are paid quarterly. For equity packages, all net income is used to accelerate the repayment of debt. Once debt free, all net income will be rolled-into additional asset packages.
At 500,000 miles or the end of year 4, your truck(s) are replaced with a new truck of comparable capacity and performance.
For equity packages, net income may continue to be used to purchase additional theme truck(s).
At 500,000 miles or the end of year 8, your trucks will be sold and proceeds of the sale distributed as a dividend payment to you and your partners.
At the close of year 10, any remaining assets will be liquidated, the enterprise closed-out, and any remaining equity distributed as a dividend payment to you and your partners.
We believe there's power in numbers. Truckonomics simply puts together like-minded drivers who want to become truck owners and helps them start making a profit from the get-go.
If you'd like to see this plan become a reality, sign our petition so future partners will recognize the demand!
This presentation includes “forward‐looking statements” as that term is deﬁned under the Private Securities Litigation Reform Act of 1995. Forward‐looking statements include statements concerning the Company's plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, liquidity, ﬁnancing needs, business trends, and other information that is not historical information. When used in this presentation, the words “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “predicts,” “forecasts,” or future or conditional verbs, such as “will,” “should,” “could,” or “may,” and variations of such words or similar expressions are intended to identify forward‐looking statements. All forward‐looking statements, including, without limitation, management's examination of historical operating trends and data are based upon the Company's expectations and various assumptions. Future events or results may differ from those anticipated or expressed in these forward‐looking statements. Important factors that could cause actual events or results to differ materially from these forward‐looking statements include, among others, the risks and uncertainties described in more detail in the Organization's most recent Report, under the headings “Business,” “Risk Factors,” and “Management's Discussion and Analysis of Financial Condition and Results of Operations–Liquidity and Capital Resources,” and those described in ﬁlings made by the Organization with the U.S. Bankruptcy Court and in other ﬁlings the Company makes with the SEC from time to time, as well as the following: the Company’s ability to successfully emerge from Chapter 11 as a proﬁtable sustainable company; the ability of the Company and its subsidiaries to develop, secure approval of and consummate one or more plans of reorganization with respect to the Chapter 11 cases; the Company’s ability to improve its operating structure, ﬁnancial results and proﬁtability; the ability of the Company to achieve cash forecasts, ﬁnancial projections, and projected growth; our ability to raise sufﬁcient proceeds from the sale of businesses and non‐core assets; the businesses the Company expects to emerge from Chapter 11; the ability of the company to discontinue certain businesses or operations; the ability of the Company to continue as a going concern; the Company’s ability to comply with the Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) covenants in its Debtor‐in‐Possession Credit Agreement; our ability to obtain additional ﬁnancing; the potential adverse effects of the Chapter 11 proceedings on the Company's liquidity, results of operations, brand or business prospects; the monetization of our digital imaging patent portfolio; the outcome of our intellectual property patent litigation matters; the Company's ability to generate or raise cash and maintain a cash balance sufﬁcient to comply with the minimum liquidity covenants in its Debtor‐in‐Possession Credit Agreement and to fund continued investments, capital needs, restructuring payments and service its debt; our ability to fairly resolve legacy liabilities; the resolution of claims against the company; our ability to retain key executives, managers and employees; our ability to maintain product reliability and quality and growth in relevant markets; our ability to effectively anticipate technology trends and develop and market new products, solutions and technologies; the uncertainty in commodities and foreign exchange rates; and the impact of the global economic environment on the Company. There may be other factors that may cause the Company's actual results to differ materially from the forward‐looking statements. All forward‐looking statements attributable to the Company or persons acting on its behalf apply only as of the date of this presentation, and are expressly qualiﬁed in their entirety by the cautionary statements included in this presentation. The Company undertakes no obligation to update or revise forward‐looking statements to reﬂect events or circumstances that arise after the date made or to reﬂect the occurrence of unanticipated events.