Cargo Connection Logistics Holding, Inc. Chairman Issues Shareholder Message.INWOOD Inwood is the name of some places in the United States of America; see:
See OTC Bulletin Board (OTCBB). :CRGO) today issued the following message to shareholders: To the Shareholders of Cargo Connection Logistics Holding, Inc. It has been just over two months since Cargo Connection Logistics Corp. and Mid-Coast Management, Inc. merged with what was once ChampionLyte Holdings, Inc., which resulted in Cargo Connection Logistics Holding, Inc. (OTCBB:CRGO). As you may imagine, as we were previously a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , this has been quite a transition; one that has consumed con·sume v. con·sumed, con·sum·ing, con·sumes v.tr. 1. To take in as food; eat or drink up. See Synonyms at eat. 2. a. almost every waking hour of our senior management's time. However, I wanted to take this opportunity to introduce myself and bring you up to date on what has transpired at your company. My name is Jesse Jesse (jĕs`ē), in the Bible, the descendant of Rahab, the grandson of Boaz and Ruth, and the father of David. Referring to the restoration of the Davidic monarchy, the Book of Isaiah speaks of a shoot coming from the "stump of Jesse. Dobrinsky and I have been in the Logistics Business for more than 20 years. Please know that I am acutely aware that most of you invested in this company because of your interest in ChampionLyte Beverages and its potential. Regrettably, previous management, which had committed a great deal of resources in its attempts to expand the brand, never realized its goals. While we still own the beverage assets and believe that they continue to have value, it is our intention to either sell or license these assets. Our core focus will be on the transportation and logistics industry. Cargo Connection Logistics was founded in 1996 and has continuously expanded since that time. Like any developing company, we've we've Contraction of we have. we've have hit some bumps bumps a term used to describe a variety of papulonodular dermatoses in horses, including 'heat bumps', 'feed bumps', 'protein bumps', 'wheat bumps' and others. No specific disease or etiology has been assigned to the term and veterinary dermatologists wish it would disappear from use. along the way. There are several major challenges facing anyone in our industry. Specifically, the challenges relate to insurance, fuel costs and customer delinquencies. Our experiences with these challenges have made us a better, stronger company with the ability to prepare and handle such circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or as they arise. Our business plan is a stable one and we are on track with its implementation. Our plan includes organic growth within the markets we are currently servicing, as well as growth through the development of an agent network and through strategic acquisitions. Cargo Connection Logistics and its management team pride themselves in taking a strategic, yet creative, approach to our industry. We provide logistics solutions for logistics providers that are both traditional for many shippers and radical for others. Clearly, capital is always an issue. That is what first attracted us to the merger that yielded the new public entity. We believe the accessibility we now possess to potential additional funds will assist us with the ongoing implementation of our business plan and also help us aggressively seek out those acquisitions that are accretive to earnings. Our expectations for the future are positive. We expect to offer our customers a broader range of services along with allowing our employees and contractors (owner operators) forward thinking methods for their future. As we prepare to bring the Company's SEC reporting information up to date and determine the ultimate disposition of the beverage division, we know that the future will be a very different one. Certainly the differences in the former company and the new company are, as the result of different industries and revenue streams, like night and day. We are in a staple 1. (language) STAPLE - A programming language written at Manchester (University?) and used at ICL in the early 1970s for writing the test suites. STAPLE was based on Algol 68 and had a very advanced optimising compiler. 2. industry which we believe will always have a demand for service. There is no doubt our industry will evolve. The companies that succeed will be those that respond to any and all types of change. I'm reminded of the lesson to be learned by the hundreds of horse and buggy The horse and buggy (in American English) or horse and carriage (in British English) refers to a light, simple two-person carriage drawn by one or two horses. It was made with two wheels in England and with four wheels in the United States. companies that were thriving thrive intr.v. thrived or throve , thrived or thriv·en , thriv·ing, thrives 1. To make steady progress; prosper. 2. in this country prior to the introduction of the automobile. Those that survived recognized they were not in the "buggy Refers to software that contains many flaws. Many in the software industry swear that bugs are inevitable, and perhaps they are right. As long as we work in the competitive, pressure-cooker environment of our high-tech world, products will more often than not be developed too hastily and " business, but that they were in the "transportation" business. We are in the "logistics" business and we know how to adapt to change and how to do so efficiently and effectively. Our immediate plans call for building our sales staff and managing our growth. We will focus on those areas and in those regions where we currently have operations. Once we have successfully saturated saturated /sat·u·rat·ed/ (sach´ah-rat?ed) 1. denoting a chemical compound that has only single bonds and no double or triple bonds between atoms. 2. unable to hold in solution any more of a given substance. those markets, we will look to expand into different regions of the country. That strategy has almost always been driven by customer demand. Cargo Connection Logistics is a forward thinking company whose motto is "Innovation and Excellence Working Together." As our future develops, we will keep you updated with our plans through press releases as well as on our website - http://www.cargocon.com. In the past few months I have spoken with many shareholders who have expressed concerns about their investment in the company. I want each and every shareholder to know that although I travel a great deal on behalf of the company, I will make myself as accessible as possible to respond to your inquiries. I also encourage you to learn more about the transportation and logistics industry. Virtually every product you use in your everyday life is impacted by a company such as ours. I think you'll be pleasantly surprised at the size and scope of the industry that you now have a direct interest in! We ask for your support as we work to grow your company. We are looking forward to a great second half for 2005. Jesse Dobrinsky, Chairman Cargo Connection Logistics Holding, Inc. |
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