A.C.L.N. Begins Regular Service From The U.S.; A.C.L.N. Fills Company Owned Vessel On First Voyage.Business Editors LIMASSOL, Cyprus--(BUSINESS WIRE)--June 26, 2000 A.C.L.N. Limited, www.aclnltd.com (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ACLNF), today announced that on Saturday, June 17, regular service from the U.S. to West Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. began. The vessel California Highway sailed from Newark, New Jersey with a shipment of personal automobiles, light trucks and construction vehicles for Tema, Ghana; Lagos, Nigeria; and Abidjan, Ivory Coast Ivory Coast: see Côte d'Ivoire. . A.C.L.N. now provides direct transport from the East Coast of the United States The "Eastern Seaboard," or "Atlantic Seaboard" are terms referring to the easternmost coastal states in the United States. They touch the Atlantic Ocean and stretch up to Canada. to West Africa via specialized car carriers, reducing the time it takes to transport vehicles to West Africa. Service will also be provided from Baltimore, Maryland "Baltimore" redirects here. For the surrounding county, see Baltimore County, Maryland. For other uses, see Baltimore (disambiguation). Baltimore is an independent city located in the state of Maryland in the United States. and Jacksonville, Florida. A.C.L.N. Limited has renamed its recently purchased vessel the Emerald Ray, the Sea Ataf. The ship loaded in Hamburg, Germany on June 10th and stopped in Antwerp on June 12th to complete its load of 2,850 automobiles and light trucks destined des·tine tr.v. des·tined, des·tin·ing, des·tines 1. To determine beforehand; preordain: a foolish scheme destined to fail; a film destined to become a classic. 2. for Contenu, Benin. Aldo Labiad, President and C.E.O. commented, "Two years ago when the company went public, we had only one port of origination and five ports of destination. Today, we have broadened the scope of our business and expanded geographically. We now derive revenue from vessel ownership, automobile trading, and shipments from seven ports to fourteen ports. This year, we intend to continue our expansion and further develop our new business segments." A.C.L.N. Limited is a shipping and marine logistics company that arranges for the shipment of personal automobiles and light trucks from four ports in Northern Europe and three ports in the U.S. sold by independent auto dealers to purchasers who live in North and West Africa and the Middle East. The company also provides for related customs-clearance and stevedoring services. This news release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements are based on the current expectations of management and are subject to a number of risk factors and uncertainties that could cause actual results for performance of the company to differ materially from those described herein. |
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