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Pacific CMA Rated ''Outperform,'' Price Target of $.95 by Beacon Equity Research.

DALLAS -- Beacon Equity Research has started coverage of Pacific CMA (AMEX: PAM) with a rating of "Outperform" and a price target of $.95. The report is authored by Senior Research Analyst, Shailesh Dhuri, CFA.

The full report is available at

In the report Mr. Dhuri writes, "Pacific CMA is a global, non-asset based logistics/freight forwarder that provides supply chain logistics services. It coordinates the transportation and the storage of raw materials, supplies, components and finished goods by air, sea, river, rail and road. It is capable of handling all types of cargo including garments on hangers, refrigerated cargo, hazardous materials and perishable goods. The Company does not own or operate any aircraft, ships, river barges or railroads. Instead, it uses commercial freight air carriers, ships, river barges and railroads to provide the transportation services for freight forwarding.

"The Company does not generally compete with overnight courier or expedited small package companies such as Federal Express (NYSE: FDX), United Parcel Service (NYSE: UPS), but rather global freight providers such as EGL, Inc. (Nasdaq: EAGL), Expeditors International (Nasdaq: EXPD) and UTI Worldwide (Nasdaq: UTIW).

"The Company generates the bulk of its revenue from the Asian Region, with China being the highest revenue generating segment. Even though the Company was able to increase its footprint in the European and American regions, Asia remained the predominant revenue generating region... Pacific CMA should be able to benefit from the increasing globalization if they are able to follow strategies which are appropriate for growth and for managing the risks associated with operating in an ever-changing industry such as global freight forwarding."

Beacon Equity Research Disclosure

The analysts contributing to this report do not hold any shares of Pacific CMA (PAM). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Research has been directly compensated sixteen thousand dollars directly from Pacific CAM for an enrollment in its research program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.

Anyone interested in receiving alerts regarding Pacific CMA research should email with "PAM" in the subject line.
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Publication:Business Wire
Date:Aug 2, 2006
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