Message #18 From:
NewsBot Date: October 11, 2005 01:58:00 AM
CRGO News Cargo Connection Logistics Corp. Named Primary Provider For A Major International Airline at JFK International Airport; Company Believes Services Provided Should Yield Minimum of $300,000 in Additional Revenues
INWOOD, N.Y.--(BUSINESS WIRE)--Oct. 11, 2005--Cargo Connection Logistics Holding, Inc. (OTCBB:CRGO), today announced that a major international airline has named its wholly owned subsidiary, Cargo Connection Logistics Corp., as a primary provider at JFK International Airport.
According to Cargo Connection's President, Jesse Dobrinsky, this means that Cargo Connection will be responsible for a majority of the inbound international freight arriving at JFK destined for this airline's domestic inland destinations. Dobrinsky said that because of a corporate policy of the airline, one of the world's fifth largest, which states that only the airline can issue specific press releases about the company, Cargo is not releasing the name of the carrier at this time.
According to Dobrinsky, based on projections and the resources currently available to the Company, this agreement should yield a minimum of $300,000 in additional revenues annually. With additional resources placed at the Company's disposal, that figure could double.
"This is a great opportunity for our company that represents significant new business for Cargo Connection with one of the world's major airlines," said Dobrinsky. "In addition, each time we pick up business of this nature it exposes Cargo Connection Logistics Corp. to a new group of customers."
Cargo Connection Logistics Holding, Inc. consists of Cargo Connection Logistics Corp. and Mid-Coast Management, Inc., which are both headquartered in Inwood, NY. The Company also has offices in Atlanta, Charlotte, Chicago, Columbus, Miami, New York and Pittsburgh. The companies provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. Currently the two companies have a total of 90 employees.
About Cargo Connection Logistics Corp./Mid-Coast Management, Inc.
Cargo Connection Logistics Corp. is a leader in world trade logistics. Headquartered adjacent to JFK International Airport, the company is a transportation logistics provider for shipments importing into and exporting out of the United States, especially through the Gateways of Chicago, Illinois; JFK, New York; Miami, Florida or Atlanta, Georgia, with service areas throughout the Unites States and North America. Mid-Coast Management, Inc. is a container freight station specifically designed to handle internationally arriving freight for the major retail suppliers through its CFS facilities in Florida, Georgia, Illinois, New York and Ohio. Since its inception, Mid-Coast Management, Inc. has developed relationships with many retailers and also works with Freight Forwarders from around the world.
Additional information about Cargo Connection can be obtained at its website http://www.cargocon.com
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.
