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GOLDEN EAGLE GROUP OPENING BRANCH IN LAREDO, TEXAS

 MIAMI, Feb. 25 /PRNewswire/ -- Golden Eagle Group, Inc. (NASDAQ: GEGP) announced it had leased a 33,000 square feet branch office facility in Laredo, Texas and expects it to be operational by April 1.
 Gary Goldfarb, chief executive officer of the freight forwarding and distribution firm, said, "This is the first step towards our goal of a complete distribution system serving all of the principal gateways to Latin America. The Laredo facility will offer all of the innovative services we have refined in Miami, including U.S. Customs bonded warehousing later in the year."
 Peter Deverell, currently vice president -- Freight Systems, has been promoted to head the Laredo branch. "Peter will be offering our current customers another access to Mexico in addition to seeking new business, including the increased opportunities expected as NAFTA takes effect, by offering the complete distribution of services that Golden Eagle provides," Mr. Goldfarb said.
 He noted that the expansion has been facilitated by the company's recent initial public offering as well as by full refinement of the Gold System, which offers customers inventory management and on-demand distribution, and completion of a new shipping automated information and logistics system (S.A.I.L) that allows every aspect of a shipping transaction to be combined in a central file. Both of these systems will be implemented in Laredo, he said.
 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- 2/25/93
 /CONTACT: Gary Goldfarb, chief executive officer of Golden Eagle Group, Inc., 305-888-1600, or Mark Cohen of Cameron Associates, 212-644-9560, for Golden Eagle Group/
 (GEGP)


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

TS-OS -- NY053 -- 0415 02/25/93 13:12 EST
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Publication:PR Newswire
Date:Feb 25, 1993
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