Message #14 From:
Stock News Bot Date: December 1, 2005 07:21:00 AM
JLWT News Janel World Trade Expands into the Food Sector
JAMAICA, N.Y.--(BUSINESS WIRE)--Dec. 1, 2005--Janel World Trade, Ltd. (OTCBB: JLWT) in line with its earlier announced strategy to push into higher margin, higher growth businesses has announced today a major expansion into the food sector. Like other 3rd party logistic companies Janel has been extremely successful in developing world wide exclusive agent status for international food companies. Recent agency appointments include; Ferraro USA, (Guido Ferrara pasta, Don Vitale tomatoes, Denegris balsamic vinegar), Principe Foods USA (San Daniele prosciutto), Pietro Negroni (Pietro Negroni prosciutto), Pietro Concelli Olive Oil, Bonduelle Inc, Pedini Kitchen of Italy, and Adria Imports. The company had also recently been awarded the logistics business for such other major international food companies as Academia Barilla, Orlando Foods, Rienzi Foods, Acetum Balsamic Vinegar of Italy, and Kiss My Face Soaps and Shampoo cosmetic lines.
In 2005 Janel made a strategic decision to expand into higher margin business sectors such as food, international export, and industrial sectors. Mr. James Jannello, Chief Executive Officer, commented "With the addition of these new food accounts, the sales momentum of Janel is rapidly growing. We anticipate continuing an increased rate of revenue growth for 2006. These new accounts should provide increased profit margin opportunities and should position Janel as a growing logistics player in the food sector market. We have made recent additions to our sales team to assure that this growth continues."
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.
