Message #10 From:
Stock News Bot Date: August 30, 2005 01:00:00 AM
JLWT News Janel World Trade's July Revenue Exceeds $8 Million--Highest in Company's History
JAMAICA, N.Y.--(BUSINESS WIRE)--Aug. 30, 2005--Janel World Trade, Ltd., (OTCBB: JLWT), a global provider of integrated transport logistics services, has reported that gross revenue for the month of July 2005 exceeded $8 million, the highest in the company's history.
Mr. James Jannello, chief executive officer, commented, "The momentum in revenue growth that Janel experienced in the third quarter is continuing as we approach the midpoint in our final fiscal quarter of 2005. We are on track to achieve similar results in the fourth quarter ending September 30th and look forward to closing out the year in a strong financial position."
About Janel World Trade, Ltd.
Janel World Trade, Ltd. (OTCBB: JLWT) is a global provider of integrated logistics services, including domestic and international freight forwarding via multi-modal carriers, customs brokerage, warehousing and distribution and other transportation-related services. Additional information on Janel World Trade is available on the Internet at www.janelgroup.com or www.janelgroup.net.
Forward-looking statements
The statements contained in this release that are not historical facts are forward-looking statements (as such term is defined in the Private Securities Litigation Act of 1995). Actual results may differ materially from those anticipated or implied in the forward-looking statements. These forward-looking statements involve risks and uncertainties, including competitive factors and pricing and supply pressures; the Company's dependence upon conditions in the air, ocean and land-based freight forwarding industry; the size and resources of many of the Company's competitors; and the need for the Company to effectively integrate acquired businesses and to successfully deliver its primary services. Additional information with respect to these and other factors that could materially affect the Company is included in the Company's filings with the Securities and Exchange Commission, including its most recent Form 10-Q filing.
