Intl Packaging (OTC BB:IPLO)

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All CFO Trail Comments & Business Outlook Internal Controls

Monday, April 9, 2012

Comments & Business Outlook

International Packaging and Logistics Group, Inc., and Subsidiaries

Consolidated Statements of Operations and Comprehensive Income/(Loss)

For the Years Ended December 31, 2011 and 2010

	Year Ended
	December 31,
	2011			2010
Revenues
Packaging	$	26,422,926		$	24,765,867
Logistics		8,384,477			11,828,491

Total Revenues		34,807,403			36,594,358

Cost of Goods Sold
Packaging		25,470,000			23,711,526
Logistics		7,006,995			10,571,536

Total Cost of Goods Sold		32,476,995			34,283,062

Gross Profit		2,330,408			2,311,296

Operating Expenses
Administrative expenses		1,013,083			1,008,496
Rent		194,973			175,115
Salaries and wages		1,361,978			1,200,676

Total Operating Expenses		2,570,034			2,384,287

Loss from Operations		(239,626	)		(72,991	)

Other Income
Interest income (expense)		6,459			(405	)
Other income		19,406			(6,538	)
Rent Income		3,065			5,839
Realized gain on investment		-			130,529
Debt forgiveness		-			237,045
Total Other Income		28,930			366,470

Net Income (Loss) before Income Taxes		(210,696	)		293,479

Income tax benefit (expense)		55,729			(144,640	)
Net Income (Loss)		(154,967	)		148,839
Net (gain) loss attributable to non controlling interest		(18,959	)		(6,436	)
Net Income (Loss) attributable to IPLO		(173,926	)		142,403

Comprehensive Income
Unrealized loss on investments		-			(58,246	)
Gain (loss) on currency exchange		(3,161	)		50,333
Comprehensive Income (Loss)	$	(177,087	)	$	134,490

Earnings per weighted average share of common stock - basic	$	(0.04	)	$	0.03
Earnings per weighted average share of common stock - diluted	$	(0.04	)	$	0.02
Weighted average shares outstanding - basic		4,961,357			4,961,357
Weighted average shares outstanding - diluted		4,961,357			6,336,087

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Thursday, March 29, 2012

CFO Trail

The Company is sad to report that Steven Westlund, the Company’s Chairman, CEO and Acting CFO recently passed away. The Company has appointed Owen Naccarato as a temporary director, CEO and Acting CFO until a permanent replacement is appointed.

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Sunday, November 20, 2011

Comments & Business Outlook

International Packaging and Logistics Group, Inc., and Subsidiaries

Condensed Consolidated Statements of Operations And Comprehensive Loss

For the Three and Nine Months Ended September 30, 2011 and 2010

(Unaudited)

	Nine Months Ending						Three Months Ending
	Sept 30,						Sept 30,
	2011			2010			2011			2010
Revenues
Packaging	$	20,009,851		$	18,901,202		$	6,289,838		$	7,508,676
Logistics		7,023,229			9,073,323			2,031,030			3,349,723

Total Revenues		27,033,080			27,974,525			8,320,868			10,858,399

Cost of Goods Sold
Packaging		19,475,417			18,236,970			6,193,938			7,320,528
Logistics		6,026,002			8,207,408			1,712,438			3,036,557

Total Cost of Goods Sold		25,501,419			26,444,378			7,906,376			10,357,085

Gross Profit		1,531,661			1,530,147			414,492			501,314

Operating Expenses
Administrative expenses		662,705			711,593			248,106			234,944
Rent		145,430			129,149			50,193			44,644
Salaries and wages		999,470			856,414			339,178			295,051

Total Operating Expenses		1,807,605			1,697,156			637,477			574,639

Loss from Operations		(275,944	)		(167,009	)		(222,985	)		(73,325	)

Other Income
Interest income (expense)		(637	)		199			60			(335	)
Other income		23,637			6,294			23,120			2,332
Rent Income		3,075			4,331			126			1,642
Realized gain on investment		-			93,038			-			93,038
Total Other Income		26,075			103,862			23,306			96,677

Net Income (Loss) before Income Taxes		(249,869	)		(63,147	)		(199,679	)		23,352

Income tax benefit		43,200			2,246			48,697			26,638

Net Income (Loss)		(206,669	)		(60,901	)		(150,982	)		49,990

Net gain (loss) attributable to non controlling interest		(6,106	)		(2,525	)		7,500			(669	)

Net Income (Loss) attributable to IPLO		(212,775	)		(63,426	)		(143,482	)		49,321

Comprehensive Income
Unrealized loss on investments		-			(58,246	)		-			(76,961	)
Gain (loss) on currency exchange		(18,898	)		17,556			(15,735	)		5,704

Comprehensive Loss	$	(231,673	)	$	(104,116	)	$	(159,217	)	$	(21,936	)

Earnings per weighted average share of common stock - basic	$	(0.04	)	$	(0.01	)	$	(0.03	)	$	0.01

Earnings per weighted average share of common stock - diluted	$	(0.04	)	$	(0.01	)	$	(0.03	)	$	0.01

Weighted average shares outstanding - basic		4,961,357			4,961,357			4,961,357			4,961,357

Weighted average shares outstanding - diluted		4,961,357			4,961,357			4,961,357			6,336,087

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Thursday, August 18, 2011

Comments & Business Outlook

International Packaging and Logistics Group, Inc., and Subsidiaries

Condensed Consolidated Statements of Operations And Comprehensive Income

For the Three and Six Months Ended June 30, 2011 and 2010

(Unaudited)

	Six Months Ended June 30,						Three Months Ended June 30,
	2011			2010			2011			2010
Revenues
Packaging	$	13,720,013		$	11,392,526		$	7,639,563		$	6,511,344
Logistics		4,992,199			5,723,600			2,487,040			3,168,555

Total Revenues		18,712,212			17,116,126			10,126,603			9,679,899

Cost of Goods Sold
Packaging		13,281,479			10,916,442			7,424,061			6,336,205
Logistics		4,313,564			5,170,851			2,152,643			2,869,301

Total Cost of Goods Sold		17,595,043			16,087,293			9,576,704			9,205,506

Gross Profit		1,117,169			1,028,833			549,899			474,393

Operating Expenses
Administrative expenses		414,599			484,838			219,282			297,353
Rent		95,237			84,505			48,695			42,539
Salaries and wages		660,292			561,363			346,255			283,444

Total Operating Expenses		1,170,128			1,130,706			614,232			623,336

Income (Loss) from Operations		(52,959	)		(101,873	)		(64,333	)		(148,943	)

Other Income
Interest income (expense)		(697	)		534			184			131
Other income		517			3,962			(166	)		916
Rent Income		2,949			2,689			1,488			1,794

Total Other Income		2,769			7,185			1,506			2,841

Net Income (Loss) before Income Taxes		(50,190	)		(94,688	)		(62,827	)		(146,102	)

Income tax benefit (expense)		(5,497	)		(24,392	)		(6,773	)		-

Net Income (Loss)		(55,687	)		(119,080	)		(69,600	)		(146,102	)

Net (gain) loss attributable to non controlling interest		(13,606	)		(1,856	)		(6,474	)		304

Net Loss attributable to IPLO		(69,293	)		(120,936	)		(76,074	)		(145,798	)

Comprehensive Income
Unrealized gain (loss) on investments		-			18,715			-			18,715
Gain (loss) on currency translation		(3,163	)		20,041			11,015			10,113

Comprehensive Income (Loss)	$	(72,456	)	$	(82,180	)	$	(65,059	)	$	(116,970	)

Loss per weighted average share of common stock - basic	$	(0.01	)	$	(0.02	)	$	(0.02	)	$	(0.03	)

Loss per weighted average share of common stock - diluted	$	(0.01	)	$	(0.02	)	$	(0.02	)	$	(0.03	)
Weighted average shares outstanding - basic		4,961,357			4,961,357			4,961,357			4,961,357
Weighted average shares outstanding - diluted		4,961,357			4,961,357			4,961,357			4,961,357

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Wednesday, April 20, 2011

Comments & Business Outlook

International Packaging and Logistics Group, Inc., and Subsidiaries

Consolidated Statements of Operations and Comprehensive Income/(Loss)

For the Years Ended December 31, 2010 and 2009

	Year Ended
	December 31,
	2010			2009
Revenues
Packaging	$	24,765,867		$	15,556,775
Logistics		11,828,491			-

Total Revenues		36,594,358			15,556,775

Cost of Goods Sold
Packaging		23,711,526			14,724,769
Logistics		10,571,536			-

Total Cost of Goods Sold		34,283,062			14,724,769

Gross Profit		2,311,296			832,006

Operating Expenses
Administrative expenses		1,008,496			580,857
Rent		175,115			76,016
Salaries and wages		1,200,676			475,215

Total Operating Expenses		2,384,287			1,132,088

Income (Loss) from Operations		(72,991	)		(300,082	)

Other Income (Expense)
Interest income (expense)		(405	)		924
Other income (Expense)		(6,538	)		-
Rent Income		5,839			-
Realized gain on investment		130,529			-
Debt forgiveness		237,045			-

Total Other Income		366,470			924

Net Income (Loss) before Income Taxes		293,479			(299,158	)

Income tax benefit (expense)		(144,640	)		80,109

Net Income (Loss) available to common
shareholder		148,839			(219,049	)

Net gain attributable to non controlling interest		(6,436	)		-

Net Income (Loss) attributable to IPLO		142,403			(219,049	)

Comprehensive Income
Unrealized gain (loss) on investments		(58,246	)		66,964
Gains on currency translation		50,333			-

Comprehensive Income(Loss)	$	134,490		$	(152,085	)

Earnings per weighted average share of common stock -
basic	$	0.03		$	(0.05	)
Earnings per weighted average share of common stock -
diluted	$	0.02		$	(0.05	)
Weighted average shares outstanding - basic		4,961,357			4,504,214
Weighted average shares outstanding - diluted		6,336,087			4,504,214

GeoTeam® Note: 2010 vs. 2009 EPS

Fourth Quarter: $0.03 vs. $(0.03)

For the years ending December 31, 2010 and 2009, revenues were $36,594,358 and $15,556,775 respectively, for an increase of $21,037,583 (135.2%) over the same period in 2009. The increase in revenue is a mainly due to two factors; 1) an increase in packaging revenue of $9,209,092 (59.2%) due to an upturn in the worldwide economy and due to customers’ replenishing their inventory levels, which had been kept at low levels due to the global recession and 2) $11,808,491 of revenue from our logistics line of business acquired in January 2010 (no equivalent revenues in 2009).

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Friday, November 19, 2010

Internal Controls

Management assessed the effectiveness of our internal control over financial reporting as of March 31, 2010. Based on this assessment, management concluded that the Company did not maintain effective internal controls over financial reporting as a resulted of identified material weakness in our financial reporting.

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