A.C.L.N. Ltd. Announces a 5-for-4 Stock Split; ACLN to Begin Service to The Gambia in West Africa.Business Editors LIMASSOL, Cyprus--(BUSINESS WIRE)--April 18, 2000 A.C.L.N. Ltd. (Nasdaq:ACLNF) today announced a 5-for-4 stock split for shareholders to be effected on May 18, 2000. The company also announced that it would begin regular service from Northern Europe to Banjul, The Gambia. The initial shipment of 350 cars will load first in Hamburg, Germany, and then Antwerp, Belgium, for a scheduled arrival in Banjul on May 2. Most of the cars shipped to this port will be shipped on a freight-prepaid basis. The Gambia is a relatively small African nation. However, the much larger and more populous pop·u·lous adj. Containing many people or inhabitants; having a large population. [Middle English, from Latin popul Senegal surrounds it. Banjul brings the number of African ports that the company serves to 14, in 12 countries. The ports of destination now include Alexandria, Egypt; Tripoli Tripoli, city, Lebanon Tripoli (trĭp`əlē) or Tarabulus (täräb`  l and Banghazi, Libya; Tunis and Zarzis, Tunisia; Banjul, The Gambia; Conakry, Guinea; Abidjan, Ivory Coast Ivory Coast: see Côte d'Ivoire. ; Tema, Ghana; Lome, Togo; Cotonou, Benin; Lagos, Nigeria; Douala, Cameroon; and Luanda, Angola. Ports of origination include Antwerp, Belgium; Amsterdam, Netherlands; and Hamburg and Bremerhaven, Germany. A.C.L.N. Ltd. (www.aclnltd.com) is a marine logistics company that arranges for the resale and shipment of personal automobiles and light trucks from four ports in Northern Europe 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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