Cargo Connection Logistics Corp. Prepares to Assist Three of the Nation's Largest Airlines That will be Affected by Hurricane Rita.INWOOD, N.Y. -- Cargo Connection Logistics Holding, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CRGO), today announced that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Cargo Connection Logistics Corp., is preparing to help their customers (three of the nation's largest airlines) reroute the freight of its clients with Texas-based hubs affected by Hurricane Rita Hurricane Rita was the fourth-most intense Atlantic hurricane ever recorded and the most intense tropical cyclone ever observed in the Gulf of Mexico. Rita caused $11.3 billion in damage on the U.S. Gulf Coast in September 2005. . The Company said it is expecting that the Airlines that have hubs in Texas will have to reroute their wide body aircraft to alternate ports to keep all their freight moving by diverting the freight from those Texas hubs to alternate ports. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Jesse Dobrinsky, president of Cargo Connection Logistics Corp., the Company's facilities located in Atlanta (27,500 sq ft), Miami (36,500 sq ft) and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (80,000 sq ft) are ready as the company is prepared for what it anticipates will be significant additional volume. "While we are hopeful our customers will avoid any major damage from the potential disaster of the magnitude of Rita, we are prepared to handle the additional volume this will, in all likelihood, create," said Dobrinsky. "Our hope is that these areas are spared any major damage but it appears that Rita is unfortunately on target to cause more devastation." Dobrinsky said the Company's facilities are braced for the increased volume and all Cargo personnel are on 24 hour alert. He stressed that until the storm passes through there is no indication as to how long the customers will have to reroute freight originally bound for Texas destinations. Cargo Connection Logistics Holding, Inc. consists of Cargo Connection Logistics Corp. and Mid-Coast Management, Inc., which are both headquartered in Inwood, NY. The Company also has offices in Atlanta, Charlotte, Chicago, Columbus, Miami, New York and Pittsburgh. The companies provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. Currently the two companies have a total of 88 full-time employees. About Cargo Connection Logistics Corp./Mid-Coast Management, Inc. Cargo Connection Logistics Corp. is a leader in world trade logistics. Headquartered adjacent to JFK International Airport, the company is a transportation logistics provider for shipments importing into and exporting out of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , especially through the Gateways of Chicago, Illinois, JFK, New York, Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe. Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. or Atlanta, Georgia, with service areas throughout the Unites States and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Mid-Coast Management, Inc. is a container freight station specifically designed to handle internationally arriving freight for the major retail suppliers. Since its inception, Mid-Coast Management, Inc. has developed relationships with many retailers and also works with Freight Forwarders from around the world. Additional information about Cargo Connection can be obtained at its website http://www.cargocon.com 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 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. |
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