Message #18 From:
Stock News Bot Date: October 9, 2006 05:00:00 AM
JLWT News Janel Group Signs First Customer Generated from Strategic Agreement With Order Logistics and Premier Resources International
NEW YORK--(BUSINESS WIRE)--Janel World Trade, Ltd. (OTCBB: JLWT) announcedtoday it
has been appointed by its first client resulting from the recently
signed strategic agreement with Order Logistics.
The appointment was made by Premier Resources International (PRI), an
Order Logistics’ global sourcing and supply
chain partner that chose to partner with Janel to provide an end-to-end
logistics solution to include freight services from China to the U.S.
PRI is a global sourcing company located in Richmond, VA, focused on
consumer electronics, automotive accessories, furniture and contract
manufacturing.
The agreement will include various services supplied by Janel: round
trip services in China managed by the local Janel office; air and ocean
transportation from Asia to the U.S.; customs clearance in the U.S. and
post-clearance inventory management in the U.S.
Janel offers a unique competitive advantage based on its business
platform, which integrates all of the different aspects of goods
movement, and makes the whole process visible electronically. Janel’s
solution is cost effective and highly reliable, based on 30 years of
industry experience, and major expertise in logistics from the Far East,
and the demands of U.S. customs. In providing its various logistics
services, Janel will make full use of the existing Order Logistics
information control system currently in place at PRI.
James Jannello, CEO of Janel said: “We are
excited with the potential of the synergy between our group, Order
Logistics and Premier Resources International. Our facilities in China,
principally our ability to help importers apply for participation in the
C-TPAT program - Customs Trade Partnership Against Terrorism, position
Janel as a leading third party logistics partner. I’m
confident that this is the beginning of a long-term relationship in
providing services for other clients of Order Logistics.”
About Janel World Trade, Ltd.
Janel World Trade Ltd. 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, and in
the Company’s filings with the Securities and
Exchange Commission, including its most recent Form 10-K, 10-Q and 8-K
reports.
About Order Logistics
Order Logistics, Inc. (www.orderlogistics.com)
is helping great companies discover, manage and execute their most
effective global supply chain strategies.
The Order Logistics team, technology, solutions, and dedicated
transportation resources allow organizations to have world-class
visibility, information and controls without disrupting existing plans,
processes, partnerships, and information systems. By leveraging
technology, business solutions, operational expertise, and a centralized
capacity network of transportation providers to take advantage of
logistical opportunities, Order Logistics provides end-to-end solutions
for its customers. This allows each customer to gain control over their
unique distribution network and utilize their existing information
systems to their full capacity.
About Premier Resources International
PRI is a global sourcing agent that provides a comprehensive set of
import and domestic sourcing management services that contribute to
client success in international markets without the cost and time of
starting new sourcing relationships from the ground up, and the risks
that come with inexperience in China’s
emerging industrial economy. PRI’s Shanghai
office delivers component level negotiations with factories, factory
evaluation / qualification audit, product QA and QC. Services include
Pacific Rim and domestic sourcing strategy development, end to end
fulfillment functions, full import supply chain services, distribution,
warehousing, and product return management. PRI also manages Chinese
government involvement at all factory levels.
Forward Looking Statements
This presentation contains “forward-looking
statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements
of the Company, or industry results, to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the
date hereof. Except as required by law, the Company undertakes no
obligation to update any forward-looking statements, whether as a result
of new information, future events or otherwise.
