Armlogi’s New Warehouse at Port of Savannah Becomes Fully Operational

Rhea-AI Summary

Armlogi Holding Corp. (Nasdaq: BTOC) announced that its newly expanded warehouse at the Port of Savannah, SAV1, is now fully operational. Since its launch in June 2024, SAV1 has become Armlogi's busiest warehouse among its 11 facilities nationwide. The warehouse has handled over 800 container shipments, with 300 more expected soon. SAV1 has achieved 70% occupancy within weeks of opening, demonstrating high demand.

The facility is equipped with advanced logistics technology and supports various supply chain activities. Its strategic location at one of the busiest U.S. ports provides optimal access for importers and exporters. Armlogi's CEO, Aidy Chou, emphasized that SAV1's rapid success highlights the company's ability to meet high client demands and enhance logistical efficiency in the southeastern United States and beyond.

Positive

• SAV1 has become Armlogi's busiest warehouse among 11 facilities nationwide
• The warehouse has handled over 800 container shipments since June 2024
• SAV1 has achieved 70% occupancy within weeks of opening
• Strategic location at one of the busiest U.S. ports enhances service offerings
• Rapid scale of operations demonstrates robust capacity for handling large volumes

Negative

• None.

News Market Reaction – BTOC

+2.86%

1 alert

+2.86% News Effect

On the day this news was published, BTOC gained 2.86%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

WALNUT, CA, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Armlogi Holding Corp. (“Armlogi” or the “Company”) (Nasdaq: BTOC), a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment, today announced that its newly expanded warehouse at the Port of Savannah. referred to as “SAV1”, is now fully operational. This facility has rapidly become the busiest among Armlogi’s portfolio of 11 warehouses nationwide.

Since its launch in June 2024, SAV1 has handled over 800 container shipments, with an additional 300 containers expected soon. The rapid scale of operations highlights the importance of the Port of Savannah in Armlogi’s logistics network and underscores the Company’s robust capacity for handling large volumes of goods. Just weeks after opening, the warehouse has over 70% occupancy, demonstrating significant demand and utilization.

SAV1 is equipped with logistics technology and is designed to support a wide range of supply chain activities, from storage and distribution to complex logistics solutions. Its strategic location at one of the busiest ports in the United States provides optimal access for importers and exporters, further enhancing Armlogi’s service offerings.

“Our new facility at the Port of Savannah has exceeded our expectations in terms of activity and operational capacity,” said Aidy Chou, Chairman and CEO of Armlogi. “The swift ramp-up to becoming our busiest warehouse underscores its importance and Armlogi’s ability to effectively meet our clients’ high demands. SAV1 is a critical hub that we believe enhances our logistical efficiency and ability to serve the southeastern United States and beyond. This expansion is part of our ongoing commitment to strengthening our infrastructure to support our growing customer needs.”

About Armlogi Holding Corp.

Armlogi Holding Corp., based in Walnut, CA, is a fast-growing U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions relating to warehouse management and order fulfillment. The Company caters to cross-border e-commerce merchants looking to establish overseas warehouses in the U.S. market. With eleven warehouses covering over two million square feet, the Company offers comprehensive one-stop warehousing and logistics services. The Company’s warehouses are equipped with facilities and technology for handling and storing large and bulky items. For more information, please visit www.armlogi.com.         

Safe Harbor Statement

This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “intends,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us.

Company Contact:
info@armlogi.com

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

Attachment

• Armlogi Warehouse

FAQ

What is the significance of Armlogi's new SAV1 warehouse at the Port of Savannah?

Armlogi's SAV1 warehouse at the Port of Savannah has become the company's busiest facility among its 11 warehouses nationwide, handling over 800 container shipments since June 2024 and reaching 70% occupancy within weeks of opening. Its strategic location enhances Armlogi's logistical efficiency and service offerings in the southeastern United States.

How many container shipments has Armlogi's SAV1 warehouse handled since opening?

Since its launch in June 2024, Armlogi's SAV1 warehouse at the Port of Savannah has handled over 800 container shipments, with an additional 300 containers expected soon.

What is the current occupancy rate of Armlogi's SAV1 warehouse?

Armlogi's SAV1 warehouse at the Port of Savannah has achieved over 70% occupancy within weeks of opening in June 2024, demonstrating significant demand and utilization.

How does the SAV1 warehouse contribute to Armlogi's (BTOC) overall business strategy?

The SAV1 warehouse enhances Armlogi's (BTOC) logistical efficiency, strengthens its infrastructure to support growing customer needs, and serves as a critical hub for the southeastern United States and beyond. Its rapid success demonstrates the company's ability to effectively meet high client demands.