Velocity Express Corp

Velocity Express Corp. is in the process of researching and producing documents for use in connection with its Petition for Reassessment.

In January 2007, two Notices of Assessment seeking payroll taxes were issued by the California Employment Development Department against…

Velocity Express Corp.’s claims against Office Depot, Inc. are still in the discovery phase.

Office Depot, previously one of the Company’s largest customers, terminated its agreements with the Company in October 2006.

The Company, in its a previous annual report on Form…