Transportation and Logistics Systems, Inc. announced that, effective as of January 4, 2022, Mr. Sebastian Giordano, who has been acting as a restructuring consultant to the Company through his C-level business advisory firm, Ascentaur LLC ("Ascentaur") since February 2020, became the Company's Executive Chairman and as a member of the Board of Directors. The move is anticipated to be the first of several upcoming enhancements to the Company's Board of Directors and executive management team. Mr. Giordano's experience as a corporate executive, consultant, and entrepreneur, includes serving as Chief Executive Officer, Chief Financial Officer, Chief Restructuring Officer and Board Member of OTC and NASDAQ-listed companies and encompasses extensive M&A and capital raising transaction experience.