Message #11 From:
Stock News Bot Date: September 21, 2005 01:00:00 AM
JLWT News Janel World Trade's Revenue Momentum Expected to Continue into the Fourth Fiscal Quarter; Full-Year Revenue Expected At High End of Range
JAMAICA, N.Y.--(BUSINESS WIRE)--Sept. 21, 2005--Janel World Trade, Ltd., (OTCBB: JLWT), a global provider of integrated transport logistics services, today announced that it expects the strong revenue growth experienced last quarter to continue into the fourth fiscal quarter ending September 30th. New accounts and increased shipping activity by existing customers continue to drive growth.
Mr. James Jannello, chief executive officer, commented, "We expect to surpass the record revenue levels achieved in our third quarter as we head into our final quarter of 2005. Industry trends and a motivated sales force have contributed to this growth and we look forward to achieving full-year revenue levels at the high end of our previously issued guidance of $65 million - $72 million.
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.
