Cargo Connection Logistics Holding, Inc. Files 10-QSB.INWOOD, N.Y. -- Cargo Connection Logistics Holding, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CRGO) formerly ChampionLyte Holdings, Inc. (OTCBB:CPLY), today announced it has filed its Form 10-QSB. As a result of this filing the "e" symbol was removed from its stock symbol by the Over-the-Counter Bulletin Board effective June 14, 2005. ChampionLyte Holdings recently acquired Cargo Connection Logistics Corp. and Mid-Coast Management as part of an all stock acquisition. The name of the company was changed to Cargo Connection Logistics Holding, Inc. to better reflect its strategic initiative and objectives as a pure play transportation/logistics company. The two New York-based transportation/logistics companies, which were previously privately-held, had combined 2004 revenues of $18 million and are currently on a run-rate of more than $20 million for 2005. Cargo Connection Logistics Corp. and Mid-Coast Management, Inc. which are both based in Inwood, NY also have offices in Atlanta, Charlotte, Chicago, Columbus, Miami, 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 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 87 full-time employees. Cargo Connection was originally developed as an agency for industry leader, Landstar System Inc. (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 :LSTR LSTR Listener Side Tone Rating ). About Cargo Connection Logistics Corp/Mid-Coast Management 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 is a container freight station specifically designed to handle internationally arriving freight for Mast Industries the major supplier to Limited Brands -- one of the worlds' largest multi-brand specialty retailers -- as well as many other significant fashion brands. Since its inception Mid-Coast Management, Inc. has developed relationships with many other retailers and 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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