A.C.L.N. Ships Record Number of Cars for Fourth Quarter.Business Editors LIMASSOL, Cyprus--(BUSINESS WIRE)--Jan. 18, 2001 A.C.L.N. Limited (Nasdaq:ACLNF), today announced that it shipped a record number of personal automobiles for the fourth quarter and year ended Dec. 31, 2000. The company shipped more than 35,000 personal automobiles in the fourth quarter of 2000. "We are pleased with the continued growing demand for our services and the strong growth we experienced in 2000. This momentum appears to be continuing in 2001. We have delivered 8,000 automobiles in the first two weeks of this year and have over 6,000 vehicles at our origination Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real points awaiting shipment," commented Aldo Labiad, president and chief executive officer. A.C.L.N. Limited (www.aclnltd.com) is a marine logistics, shipping and trading company that arranges for the 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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