Cargo Connection Logistics Holding, Inc. and Scanwell Logistics Form Partnership.INWOOD, N.Y. -- Cargo Connection Logistics Holding, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CRGO), today announced 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., has entered into a non-exclusive partnership with Scanwell Logistics to provide warehouse services, transportation services and Information Systems and support. This alliance will, through the use of Cargo Connection Logistics information systems, bonded facilities and domestic transportation, enhance and extend overall logistics services and solutions provided by Scanwell Logistics to their current U.S. import customers. This new partnership will provide Scanwell customers around the world with additional flexibility and controls within their supply chain and allow them to customize the information to provide full visibility to what is intransit, arrived at US points and management details pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to their warehouse inventory. "This non-exclusive partnership will allow end customers to utilize a single source network where each supplier can focus on their core competencies and allow optimal growth potential through additional marketing channels," said Jesse Dobrinsky, president of Cargo Connection Logistics Holding, Inc. "Being chosen to be the domestic segment and information systems supplier with this alliance demonstrates the industries' confidence and recognition that Cargo Connection Logistics and its services are vital to the global import market." Scanwell Logistics with their worldwide headquarters in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and USA headquarters in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden is a leading, well renowned international freight forwarder An individual who, as a regular business, assembles and combines small shipments into one lot and takes the responsibility for the transportation of such property from the place of receipt to the place of destination. and third party logistics provider to major Asia based and USA based corporations. The Scanwell Group's key emphasis is in the heavily dominant Asia trade lane, with a significant presence in China (seventeen offices) and all the countries in the region, including the emerging markets of Vietnam, Laos and Cambodia. Scanwell's strengths, skills and local understanding of these markets has demanded a focus on investments in people, systems, warehouses in these areas, all the while maintaining its ever growing confidence with their global customers. Scanwell currently employs 1800 personnel globally, excluding their alliances and agency networks in Europe, Australia and markets where Scanwell has no physical presence. The Scanwell group provides a full roster of logistics services from detailed warehouse and product supply management at origin, to innovative solutions in the supply chain process. Focused elements of speed, cost, systems, communication and flexibilities to meet the demands of small to medium sized corporations, to global giants are at the core of the scanwell Group philosophy. The partnership with Cargo Connections enhances and supplements the services of Scanwell Logistics, leveraging each with their core competencies. 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 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. 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 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. . 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. |
|

Printer friendly
Cite/link
Email
Feedback
Reader Opinion