Circle Expands Presence in China.SAN FRANCISCO--(BUSINESS WIRE)--Jan. 20, 1998--Circle International (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 :CRCL CRCL Creatinine Clearance CRCL Circle CRCL Coalition to Restore Coastal Louisiana CRCL Center for Research in Computational Linguistics CRCL Columbia River Conservation League ), a leading provider of global transportation and logistics services, announces the appointment of Edward Au as regional manager, North China operations. His appointment is in line with Circle's plans to significantly expand its China operations by opening additional offices within the next 12 months in Beijing, Tianjin, Qingdao, Dalian and Xiamin. Au has been working in the transportation field for many years, most recently with EAS (Electronic Article Surveillance) A security system for preventing theft in retail stores that uses disposable label tags or reusable hard tags attached to the merchandise. , one of the largest freight forwarders 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. in China. His appointment to Circle will bring to the company a hands-on knowledge of the local market as well as practical experience in the logistics industry. Au will be stationed in Beijing and will support the establishment of the new facilities. In January 1997, backing up existing expansion in Shanghai Shanghai (shăng`hī`, shäng`hī`), city (1994 est. pop. 12,980,000), in, but independent of, Jiangsu prov., E China, on the Huangpu (Whangpoo) River where it flows into the Chang (Yangtze) estuary. , Circle opened under a class A license a 15,000 sq. ft. distribution center. The facility is located less than 30 minutes from both the sea port and the international airport. The company is planning additional distribution centers throughout the country to compliment Not to be confused with Complement. Compliment may be
Said Mike Thomas, regional director-North Asia, "Edward brings many years of valuable experience and we are confident that he will play a pivotal role in strengthening and expanding our position in China." Au's appointment marks the launch of an aggressive expansion campaign that will see Circle International establishing a direct presence in 10 locations throughout the country. The new infrastructure is scheduled to be fully operational within the next six months. The new facilities will be staffed by Circle personnel, backed by 100 years of industry experience. All locations will offer the full range of services including freight forwarding, customs brokerage, trade financing and facilitation Facilitation The process of providing a market for a security. Normally, this refers to bids and offers made for large blocks of securities, such as those traded by institutions. , as well as warehousing and distribution, supported by the company's extensive information technology systems. Headquartered 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 , Circle International is a full-service transportation, information and logistics provider with more than 300 offices in 104 countries around the world, celebrating 100 years of service in 1998. A fax copy of this release and or information about Circle International can be obtained by calling 888/329-6089 or on the Internet at http://www.circleintl.com . For further information please contact Jen Ashworth by phone at 415/978-0600 or E-mail at marketing@circleintl.com . CONTACT: Circle International Jen Ashworth, 415/978-0600 marketing@circleintl.com |
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