A.C.L.N. Limited Shipped Record Number Of Vehicles in Third Quarter; Opened New Port in Mauritania.Business Editors LIMASSOL, Cyprus--(BUSINESS WIRE)--Oct. 11, 2000 A.C.L.N. Limited (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 it shipped approximately 35,000 vehicles in the third quarter ended September 30, 2000, an increase of over 24% over the comparable quarter last year. The Company also added a new port of destination, Noakchot, Mauritania, in the third quarter, shipping approximately 350 vehicles in September. There has been some investor concern about demand for personal vehicles during the last few months with the brief blockade blockade, use of naval forces to cut off maritime communication and supply. Blockades may be used to prevent shipping from reaching enemy ports, or they may serve purposes of coercion. The term is rarely applied to land sieges. of the port in Antwerp and the rising oil prices. "During the third quarter we have seen our greatest demand to date. We are also continuing our expansion strategy, with a goal of opening one new destination port every four months. Mauritania is our 15th port in 13 served countries," commented Aldo Labiad, President and Chief Executive Officer of A.C.L.N. Limited. Recently, investors have also expressed concern that the growing tension in the Middle East could affect demand. "Our only served market in the Middle East is Egypt, which is one of our smallest ports in terms of demand. That port's entire closure would have a minimal effect on our business," commented Joseph Bisschops, Chairman of the Board of A.C.L.N. Limited. A.C.L.N. Limited (www.aclnltd.com) is a marine logistics, shipping, and trading company that arranges for the resale resale n. selling again, particularly at retail. In many states a "resale license" or "resale number" is required so that the state can monitor the collection of sales tax on retail sales. RESALE. and shipment of personal automobiles and light trucks from four ports in Northern Europe and three ports in the United States This is a list of ports of the United States, ranked by tonnage. See the articles on individual ports for more information, including geography, ownership, and link to official web site. Cargo volume at U.S. ports, 2004, short tons. to purchasers who live in 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. , North Africa, and the Middle East. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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