Lord Global Corporation enters into a strategic partnership with 81 Logistics Group

Lord Global Corporation (OTCMKTS:LRDG), soon to be renamed 27 Health Holdings Corp, announced Thursday that it has entered into a strategic partnership with 81 Logistics Group LLC.

In a statement, Lord Global said that 81 Logistics has reached an agreement with Exxon Mobil Corporation (NYSE:XOM) to be a reseller of fuel products. 

Becoming an Exxon Mobil reseller should enable the company’s partnership with 81 Logistics to perform on its agreements which already includes a major fuel distributor contract that would generate over $50 million a week. 

Moreover, with the partnership with Innovative Regulatory Risk Advisors LLC (IRRA), Lord Global said it believes it is in an ideal position to pursue contracts with the US government under the Small Business Administration’s mentor/protégé program. IRRA is an SBA 8 licensee, which enables them to sell products to the US federal government on a no bid basis for a period of 9 years.

“The partnership has already generated a number of material leads that look like they will be gamechangers for our company,” said 81 Logistics CEO Tim Brown.

Brian Robinson, CEO of IRRA added: “We have now completed the full supply chain for delivering fuel as a minority, Black owned company, in the U.S. It has taken us two years to secure such a valuable relationship. We anticipate signing significant fuel distribution contracts with the U.S Federal Government in a relatively short amount of time.”

Joseph Frontiere, CEO of Lord Global, noted that “the opportunities to work with these very successful Black owned businesses makes our company unique among publicly traded companies.” 

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Story by ProactiveInvestors