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FRITZ COMPANIES ACQUIRES KEY BROKERAGE AND FORWARDING FIRMS IN NEW YORK

 SAN FRANCISCO, Oct. 7 /PRNewswire/ -- Fritz Cos. Inc. (NASDAQ: FRTZ) acquired Ja-Mar Forwarding and Globe Shipping, two well- established and successful freight forwarding and customs brokerage firms with offices in New York and New Jersey. Ja-Mar Forwarding was established in 1978 by its former president, John Addario. Ja-Mar purchased Globe Shipping, one of the original customs brokerage firms in the United States, in 1991.
 The opportunity to merge Ja-Mar and Globe's operations into Fritz' existing and notable New York infrastructure surfaced after Dennis Pelino, executive director of Fritz Cos., identified potential synergies from the acquisition through discussions with Addario. As trends in international shipping continue to change, clients look for one company which can offer complete transportation and logistics services in addition to traditional customs brokerage and freight forwarding services. Due to years of quality personal service, Ja-Mar and Globe's client relationships are superb. The acquisition will provide clients with an opportunity to maintain existing personal relationships while availing themselves of Fritz' worldwide automated transportation and documentation services. The same high levels of service now can be realized through a single service provider: Fritz Cos.
 Commenting on acquisition benefits to clients, Addario explained, "We realized that the days of the local forwarder are gone. Fritz is the best solution. Our clients will not only gain from Fritz' personal service, but also will derive the benefit of a global network of offices with professional management. My decision to stay on with Fritz Companies and to expand the services to our mutual clients was personally sparked by my confidence that Fritz has a clear vision for the future."
 Through its expansion in this critical metropolitan hub, Fritz is well-positioned to maximize service levels to all clients. Fritz will consolidate all customs brokerage and inbound transportation services currently located in Port Reading, N.J., with Ja-Mar and Globe Shipping into a 11,500-square-foot facility in the Hemisphere Center in Newark, N.J. The current Ja-Mar/Globe location at JFK airport will merge into the existing Fritz operation at JFK allowing Fritz to combine the air inbound transportation with the customs brokerage to provide a truly seamless service. The synergy from this move will allow Fritz to offer the best possible service to all its air import clients. Terry Gavin, New York regional manager of Fritz Cos., explained, "This facility was strategically selected as the best location to process expeditiously ocean import shipments. U.S. Customs and many other governmental agencies are located in the same building. We are only a couple of miles from the port of New York, the New Jersey piers, as well as the Newark airport. The Newark airport is really growing internationally and this gives us a strong base from which to expand our operations." Ja-Mar and Globe Shipping's 53 employees, including former President John Addario, will join Fritz' existing team in New York.
 New York regional director of Fritz Cos., Bob Noonan, commented, "The New York market is one of the most challenging and difficult markets in the United States. Client expectations of close personal service combined with a strong sense of urgency are the benchmarks for expansion in this area. By combining Fritz Cos.' powerful global infrastructure with Ja-Mar and Globe's client relations and sensitivities to the local market requirements, puts Fritz in the position to become one of the most dominant companies in the New York metropolitan area."
 Since its founding in 1933, Fritz has expanded its unparalleled network of offices and scope of services to become the acknowledged leader of the global integrated logistics industry.
 -0- 10/7/93 R
 /CONTACT: Andrea Goffstein, corporate communications for Fritz Companies, 415-904-8601/
 (FRTZ)


CO: Fritz Cos.; Ja-Mar Forwarding; Globe Shipping ST: California, New York IN: TRN SU: TNM

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TB-TM -- SF006R -- 9666 10/07/93 09:54 EDT
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Publication:PR Newswire
Date:Oct 7, 1993
Words:630
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