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FRITZ LAUNCHES JOINT VENTURE IN KAZAKHSTAN

 SAN FRANCISCO, Jan. 28 /PRNewswire/ -- The recent transformation from a centralized planned economy to a western market-based economy in the former Soviet Union has resulted in new opportunities for many businesses operating abroad. Taking advangtage of opportunities in the logistics arena, Fritz Companies Inc. (NASDAQ-NMS: FRTZ) has signed a joint venture agreement with three national railways in Kazakhstan: Alma-Ata Railroad, Western-Kazakhstan Railroad and the Tzelina Railroad, operating under the name Kaz-Fritz Transportation Ltd. The first office, opening April 1 in Alma-Ata, will provide global integrated logistics transportation services to clients worldwide. Fritz' expansion into the Republic of Kazakhstan will improve their international transportation and logistics operations. Furthermore, Kaz-Fritz Transportation Ltd. will serve to bridge the gap between Asia and Europe, allowing cargo to move more expeditiously and efficiently through the C.I.S. and the Independent Republics than previously.
 In addition to ocean transportation services, Kaz-Fritz will provide trucking and rail services. Furthermore, "Fritz will provide the Republic of Kazakhstan with information systems which will allow shipment tracking and a true door-to-door seamless integrated logistics transportation service," commented John Graves, Fritz senior director. He added, "Because Fritz already has a network of offices established throughout the C.I.S., it is logical for Fritz to have a strong network in Kazakhstan and other independent Republics, so that we can truly fulfill our clients' needs."
 To establish the joint venture company and discuss how to develop a foundation for future logistics opportunities, nine representatives from the Ministry of Transportation, Ministry of Economics and the three Republic of Kazakhstan Railways attended a three-day meeting with Fritz executives in San Francisco. Kaz-Fritz Transportation Ltd. is the most recent addition to the network in this lucrative market, currently spanning Moscow, West Siberia, the Komi Region, Latvia and Estonia.
 Fritz will place an overseas expatriate, Kazem Maiwand, in the Alma- Ata Kazakhstan office to expedite communications and ensure smooth operations across the globe. Maiwand, who received his formal education in Moscow and has been with Fritz for over ten years, is currently the Fritz Transportation international inbound regional manager located in Atlanta.
 A Fritz Logistics Team will be in Kazakhstan for five weeks to set up initial operations and ensure a smooth start-up. To complement Fritz' operation in the Republic of Kazakhstan, Fritz C.I.S. is operating under the direction of Stefan Korshak, who is domiciled in Moscow and responsible for developing transportation services for Fritz clients in the C.I.S. and Republics. Also on site is Kathy Kingsbury, formerly with Fritz Chesapeake, who has an extensive background in operations and command of Russian and is the operations supervisor for Fritz in Moscow.
 Lynn Fritz, president and chief executive officer of Fritz Companies, noted, "We are confident our expansion into Kazakhstan will allow us to support those companies who have large projects in this market, but currently have no effective means to efficiently handle these projects."
 Founded in 1933, Fritz is a leading global integrated logistics services provider serving more than 20,000 clients, including more than half of the Fortune 1000. Currently, the largest customs brokers in the United States, Fritz provides multinational corporations with a comprehensive line of innovative transportation services on a global basis.
 -0- 1/28/93
 /CONTACT: Andrea Goffstein, 415-904-860l, or John Graves, 415-904-8300, both of Fritz/
 (FRTZ)


CO: Fritz Companies Inc.; Alma-Ata Railroad; Western-Kazakhstan
 Railroad; Tzelina Railroad ST: California IN: TRN SU: JVN


RK-SG -- SF002 -- 0027 01/28/93 07:50 EST
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Publication:PR Newswire
Date:Jan 28, 1993
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