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GOLDEN EAGLE FORMS JOINT VENTURE IN BRAZIL

 MIAMI, June 10 /PRNewswire/ -- Golden Eagle Group, Inc. (NASDAQ: GEGP), a freight forwarder and customs broker, announced it has formed a joint venture with Merkosur Enterprises, Inc., a customs brokerage and international trading company in Brazil.
 Gary Goldfarb, CEO of Golden Eagle, said the joint venture, Golden Eagle Do Brasil, will have offices in Rio de Janeiro, Sao Paulo and Santos. "The new firm will offer door-to-door service between our company's worldwide agent network and in the offices of Brazil for both imports and exports," he explained.
 Ricardo Rezende, marketing director of Merkosur, said, "We believe that Golden Eagle's strength in freight forwarding and its worldwide network coupled with our extensive contacts within the country will prove to be a winning combination."
 Golden Eagle Group, Inc., through wholly owned subsidiaries, provides international ocean and air freight forwarding as well as transportation logistics and related services, principally for shipments from the U.S. to Central and South America and the Caribbean. The company is also a licensed customs broker.
 -0- 6/10/93
 /CONTACT: Gary Goldfarb, CEO of Golden Eagle Group, Inc., 305-888-1600; or Mark Cohen of Cameron Associates, 212-644-9560, for Golden Eagle/
 (GEGP)


CO: Golden Eagle Group, Inc. ST: Florida IN: TRN SU: JVN

TM-SM -- NY004 -- 0449 06/10/93 08:30 EST
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Publication:PR Newswire
Date:Jun 10, 1993
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