Fritz Companies, Inc. Acquires Amel Express Limited.SAN FRANCISCO--(BUSINESS WIRE)--Nov. 15, 1995--Fritz Companies, Inc. announces the acquisition of Amel Express Limited, a 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. based air and ocean 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. with emphasis on the garment on hanger business from Hong Kong to 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 . Amel, founded in 1988, also provides travel agency services in Hong Kong. Al Benki, Managing Director, Asia, said, "Amel will provide invaluable expertise and strengthen Fritz Hong Kong's, and thus the entire Fritz network's, breadth in the garment and textile market, and particularly the garment on hanger business. We are pleased to welcome Eric Lee and his Amel staff to the Fritz organization." Eric Lee, Managing Director for Amel, comments on the acquisition, "The garment on hanger business is a vital part of Amel's client base, and we will broaden our capabilities with Fritz's global network of state-of-the-art information systems and offices. Fritz provides seamless integrated logistics solutions that are unique to each client, and we are enthused to join such an organization." Fritz Companies, Inc. is a leader in global transportation logistics and related information services See Information Systems. for importers and exporters worldwide. The Company's principal services include logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet , customs brokerage, international air and ocean freight consolidation and forwarding, warehousing and distribution, and other value-added services for the global movement of goods and logistics information. Fritz Companies, Inc. is headquartered at 706 Mission Street, San Francisco, CA 94101, telephone 415/904-8360 (www.fritz.com). The Company's shares are traded on the 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 National Exchange under FRTZ. CONTACT: Fritz Companies, Inc. Kelly Belden Fisher, 415/904-8702 kelly.fisher@fritz.com |
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