Prominent Asian Business Executive Joins Cargo Connection Logistics Corp.; David Quach Named Vice President of Business Development for the Pacific Rim - Company Anticipates Significant Impact on 2006 Revenues.INWOOD, N.Y. -- Cargo Connection Logistics Holding, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CRGO), today announced that distinguished Asian Business Executive, David Quach, has been named Vice President of Business Development - Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. for 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. Mr. Quach has a long and prestigious history working with emerging growth companies to develop relationships throughout the Pacific Rim. He is an Honorable Chairman and Highest Advisor of the General Assembly of Chinese Organizations from Vietnam, Cambodia & Laos. In addition, he is also an Honorable Chairman and Highest Advisor of The Teochew International Convention, which will be held in mid-November in Macau. These conventions have previously been held in Paris, 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. , Thailand, Malaysia, Singapore, Beijing and San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. and is scheduled for its next convention in Australia in 2007. Quach, who resides in California, speaks many languages and is involved in electronics, real estate development and international trading. "We are extremely excited about David's involvement as part of our senior management team," said Cargo Connection Logistics Corp. President Jesse Dobrinsky. "He will be instrumental in developing a customer base for us in the Pacific Rim. His primary focus will be to help us obtain business from the Pacific Rim, the result of which will increase the utilization of our current facilities and infrastructure. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dobrinsky, to accommodate the anticipated new business, the Company will look to open offices on the West Coast, beginning with one in the region where David currently resides. "Cargo is an extremely well run corporation and has the ability to become a global player in the logistics business, said Mr. Quach. "The negotiations have been long and fruitful, and I am glad to say that I believe Cargo Connection Logistics will be a major player in China and the Pacific Rim." "We have been negotiating with David for quite some time and we're honored that he has accepted his new position," said Dobrinsky. "Because of David's vast network as well as his experience and expertise in international business affairs, we believe it is quite feasible that this relationship could represent as much as $10 million in additional business in 2006. This would be a result of business services offered through a combination of 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 Services, Warehouse Management Services and Transportation Services. We also expect that this will do more than just help fill the facilities we currently have, but in addition, it will help us expand into areas that we do not yet service. Frankly, the addition of David puts Cargo Connection Logistics into a whole new league." 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 90 employees. About Cargo Connection Logistics Corp./Mid-Coast Management, Inc. 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 or Atlanta, Georgia, with service areas throughout the Unites States and North America. Mid-Coast Management, Inc. operates container freight stations specifically designed to handle internationally arriving freight for the major retail suppliers through its CFS CFS abbr. chronic fatigue syndrome CFS, n.pr See syndrome, chronic fatigue. CFS Chronic fatigue syndrome, see there facilities in Florida, Georgia, Illinois, New York and Ohio. Since its inception, Mid-Coast Management, Inc. has developed relationships with many retailers and also 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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