 Acquisition Would Anchor Companys Growth Strategy JUPITER, FL ACCESSWIRE June 21, 2021 Transportation and Logistics Systems, Inc. OTC Pink:TLSS TLSS or the Company, an eCommerce fulfillment service provider, today announced that on June 15, 2021, it entered into a stock purchase agreement to acquire all of the outstanding stock of SalSon Logistics, Inc., a leading third-party logistics company founded in 1960, based in Newark, New Jersey SalSon. The purchase price for the acquisition is 90 million, which based on a multiple of the EBITDA of SalSon, with the consideration payable in the form of 50 million of cash, 19.9 of the Companys then outstanding Common Stock, and 20 million in seller financing. 