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Let me see,
You said it would fall fast once it broke .20?
How is that projection working out for you?
According to ir the company feels confident the merger will close by eom.
What do you project the share price will be after the merger?
Come on, help us poor uninformed investors out.
Tracker
So you are here to help us poor uniformed investors.
Please enlighten us on the share structure.
We are so glad you showed up to help us.
I am long and yes I have an agenda. I would love to see more buying come in.
What's your agenda?
GLTA
CTYX looks like they are pretty active and successful in getting other companies to sell their product. If it was not good, these companies would not be signing on , imo. Where do you think CTYX needs to get to on the chart before it really breaks out--in you opinion. I already own some, but I really like the buying going on as others sell. Sounds pretty smart to me. Buying in, but buying cheap.
This CTYX could easily kick in after, like you say, it hits .009. Thanks for the idea. Do you think I should just buy at the ASK? Seems to me I could get some at .007.
If it breaks that .009, I am in for more. With that low a float, $!0,000 worth of buying could really do loads. Are you in touch with the company? Any news could get us going.
I am sorry, having a hard time getting any size at .20.
Better get em quick.
Why don't you try something along the line of "the merger is in trouble" or "the company is a scam"?
Somebody trying to scare some shares out folks.
Merger will be complete by eom.
We have a much better chance of seeing .50 than .05.
I am as impatient as anyone but when the deal closure is announced we run hard and fast.
I think it is a good sign someone showed up here trying to bash in order to pickup shares.
We will see more of them soon.
GLTA
Did not take long to sell one.
That is a good sign.
High margin sale for promark/iceweb.
Hopefully promark will have them selling like hotcakes soon.
GLTA
.15 will hold
If it doesn't I will buy more.
GLTA
I am a long time share holder and have what I would consider a lot of capital in iweb.
I did not get an email.
I feel left out. lol
Hope we close soon.
GLTA
I agree.
SG are you that impatient you can't wait a few more weeks.
I have been here for ever, taken some profits along the way.
My first buy was at 1.35 on an inter-day high.
I am waiting as I see a very bright future, very soon.
You should be thanking the ceo. I am.
If JLWT really kicks in with their new division and really attract a few customers, I am all for it. I would love to see the company show more net income. It is one thing to have great revenues, but I would like to see more in income. If it takes an expansion into supply chain services for the food industry, vertically integrated, to get higher margins, the sooner they ramp up, the better.
This JLWT news could actually be very good news. Let's face it, JLWT has alot of revenues, but the nature of the logistics beast is that there usually is not high gross profit margins.With this move to capture logistics business AND vertically integrate will be an improvement in the current margins. How could it NOT improve the margins. I would like to know how much revenue they expect to see for the rest of this year but, again, it should be an improvement in profits. And when the market sees that increase in profits, I do not think we will stay at 30 cents. Not with only 6.5 millions shares tradable.
Janel World Trade, Ltd. Successfully Launches Vertically Integrated Supply Chain Services to Enhance Revenue Growth and Profitability
NEW OPERATING DIVISION SIGNS FIRST LONG-TERM AGREEMENT WITH PAUL SORVINO FOODS, INC.
Press Release Source: Janel World Trade, Ltd. On Wednesday April 27, 2011, 9:32 am EDT
JAMAICA, N.Y., April 27, 2011 /PRNewswire/ -- Janel World Trade, Ltd. (OTC BB:JLWT.ob - News), a full-service global provider of integrated transportation logistics and environmental services, announced today that the company's previously announced new operating division, which is focused on vertical sales primarily in the food industry, has signed an exclusive agreement with Paul Sorvino Foods, Inc. (PSF). The agreement is for all supply chain services, including supplier selection, manufacturing, transportation, import, distribution, marketing, and sales of all Paul Sorvino branded Italian food products. The benefits of reduced costs, shorter time to market, and Janel's demonstrated ability to react quickly were recognized by Paul Sorvino Foods and have resulted in a ten-year exclusive agreement.
"Our new one-stop, vertically integrated service has a market in our industry," said James N. Jannello, Executive Vice President and Chief Executive Officer of Janel. "Since our core competency in logistics complements Paul Sorvino Foods' expertise, we increase their visibility into the supply chain and reduce their risks. We are very excited to welcome Paul Sorvino Foods as our first customer in our new vertically integrated initiative."
Janello continued, "Overall, this is a great opportunity for our company. Not only will we manage the international freight forwarding and logistics associated with distribution and warehousing of the Paul Sorvino branded food products, but we also provide sales and marketing services in the US."
"The overall cost and operational efficiencies brought the organizations closer together and resulted in the long-term and exclusive agreement with Janel for the marketing and distribution of Paul Sorvino Food products," said Samuel Frabizzio, member of the Board of Directors of PSF. "The expertise of the group related to all aspects of taking a product from concept to market made our decision easy."
Nick Ferrara, President of Janel's New Jersey operation, noted, "I expect the agreement between our two companies will generate initial revenues during the June quarter of 2011 and increase to multi-million dollar revenues in 2012. Janel's focus continues to be increasing revenues and profitability. By 'thinking outside the box,' we expect to further both corporate goals."
I thought it would be this week because IR thought it would be this week.
But in the past all good news has been telegraphed with an increase of volume and price.
At least by a couple of days.
Its fine with me, I have been able to pick up more this week at .23.
IMHO thats a good deal.
Stephen D. Axelrod, CFA, 212.370.4500
IR says they will be out by the end of the month.
Hinted toward positive surprises also.
Bought more at .235 yesterday,
I understand from IR that the FDA is very likely to make all opiate drugs abuse proof within a year or two.
Eltp tech applies to all opiates.
GLTA
HIGHER GROSS PROFIT MARGINS - looking good
Janel World Trade, Ltd. Announces Formation of New Business Segment
GLOBAL LOGISTICS COMPANY PURSUES VERTICAL SALES OPPORTUNITIES WITH HIGHER GROSS PROFIT MARGINS BY OFFERING EXPANDED INTEGRATION OF SUPPLY CHAIN SERVICES
JAMAICA, N.Y., April 14, 2011 /PRNewswire/ -- Janel World Trade, Ltd. (OTC BB:JLWT.ob - News), a full-service global provider of integrated transportation logistics and environmental services, completed the formation of a new business segment within Janel. The new business segment includes a team of industry veterans who will develop vertical sales primarily in the food industry. Their initial focus will be on developing new products with Italian food manufacturers, the management of all transportation and logistics associated with the distribution of the products and the marketing and sale of the products in the United States.
The assembled team has decades of experience in the food industry with a focus on supply chain services, product development, B2B and B2C sales and marketing expertise, offering prospective Janel customers product development, product transportation and logistics, and sales and marketing services.
"This is a great opportunity for us and I am very proud of the experienced team Nick Ferrara, the President of our New Jersey operation and a Director of Janel, has assembled" said James N. Jannello, Chief Executive Officer of Janel. Jannello continued, "Nick and I are excited about the team's ability to close new business generating vertical revenues with higher operating margins where we can potentially buy and sell the product and provide end to end transportation and logistics services, building shareholder value. We will be providing more details on this new initiative in the near future."
Nick Ferrara said, "We are very excited about the organization and the potential for this new business segment. We are creating innovative services that address the inability of many manufacturers to adapt their products to local markets and deal with supply chain issues, such as the continuously shortening of time to market requirements, the decreasing visibility into market demand shifts, and supply chain interruptions. Using our decades of experience will enable manufacturers now, more than ever, to act quickly while maintaining their product's safety, quality, and price."
Also .147.
This board is like a breath of fresh air.
Been reading the yahoo board and have a head ache from it.
Long eltp
Think we may consolidate to .15 but long term who knows where we go and if the oxt drug gets to market all bets are off.. What a cool tech the oxy drug is.
I think I may wait until this is a long term cap gain.
I am new here so it will be a while and will likely be in the 10.00 range
Either way, if jlwt is bought out or not I think we will see an increase in vol and price.
A few Gov contracts and we will be over a 1.00.
GLTA
Very good news
Janel World Trade, Ltd. Awarded Government Services Administration Contract Schedule
Ability to Offer Janel's Core Logistics Services to Federal Government Represents a New Major Market Opportunity
JAMAICA, NY--(Marketwire - 04/05/11) - Janel World Trade, Ltd. (OTC.BB:JLWT - News), a full-service global provider of integrated transportation logistics and environmental services, today announced it has been awarded a Contract Schedule (Schedule) from The Government Services Administration (GSA).
The GSA Schedule will permit Janel to aggressively market and sell its core services to all Government agencies directly, at will, with no cap and at pre-negotiated pricing. The United States Government is the largest buyer of goods and services in the world, overseeing $66 billion of procurement budget annually. Without this award of a GSA Schedule, Janel had no previous access to market any core logistics and supply chain services in this potentially expansive government market.
Under the GSA program, the GSA establishes long-term government-wide contracts with commercial firms providing access to over 11 million commercial supplies, products and services at pre-negotiated pricing. The GSA maintains this large GSA contractor database, which all U.S. government agencies can use to buy goods and services. The GSA Schedule can be thought of as a collection of pre-negotiated contracts. Procurement managers from government agencies can view these agreements and make purchases from the GSA Schedule knowing that all legal obligations and in some cases pricing have been taken care of by GSA.
Vincent Lacopella, Janel's Vice President who helped spearhead Janel's GSA contracting initiative said, "We are very excited about introducing Janel's core logistics services to an entirely new and a potential major market opportunity -- one we have had absolutely no access to in the past. After going through the exhaustive vetting process by the GSA, we now plan to take an aggressive, proactive approach in marketing Janel's core business capabilities to Government agencies that have used our types of services in the past. Taking this specific approach puts us in front of the traditional government bidding process."
Nobody willing to sell below a penny today.
I think we are getingy ready to break out.
With a float of 33 mill. I can not see us having to many more days of 2 mill vol like today and not have the stock move up. It wont take long until a great portion of the current holders have a base around .009.
I have recently been buying and holding out for .02 or better.
How many others are accumulating like me?
Exclusive Interview With The CEO And Director: Janel World Trade Ltd. (JLWT.OB) - James Jannello
67 WALL STREET, New York - March 3, 2011 - The Wall Street Transcript has just published its Transportation & Logistics Report offering a timely review of the sector to serious investors and industry executives. This Special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Shift to Intermodal and Air Freight - Regulatory Issues in the Trucking Industry - Improved Margins Among Freight Carriers - Technology Adoption and Infrastructure Investments
Companies include: IESI-BFC (BIN); ASUR (ASR); Air Transport Services Group (ATSG); Amazon.com (AMZN); Arkansas Best (ABFS); and many more.
In the following brief excerpt from the Transportation And Logistics Special Report, interviewees discuss the outlook for the sector and for investors.
James Jannello founded Janel International Forwarding Co., Inc. (later renamed The Janel Group), the predecessor to Janel World Trade Ltd., in 1974, and he has been the Chief Executive Officer and a Director of Janel World Trade Ltd. since June 2002. He has successfully guided the company through recent economic cycles, has delivered strong revenue growth, and has increased Janel's market presence through a network of company-owned locations in the U.S. and independent international agents in more than 52 countries worldwide. Mr. Jannello is a Licensed Customs Broker and has more than 40 years experience in the industry.
TWST: Please start with an overview of Janel World Trade and explain what a third-party logistics provider does.
Mr. Jannello: I started Janel in 1975 in New York as a customs and logistics broker. I saw that there was a need to provide quality import customs brokerage and related transportation services in what was an emerging market at the time. The startup of the business did not require me to make a huge investment in any transportation assets, like trucks or airplanes. Rather, the business we are in is non-asset based and we are a third-party logistics provider. We basically serve as an outsourced logistics department for our clients. We take care of all the moving parts necessary with any shipment around the world, from customs brokerage to shipment tracking and homeland security mandates. We utilized the services of direct, asset-based carriers and other transportation providers to handle the movement of our customers' shipments. We have been around a long time and we're ranked in the top 2%, by the way, of all logistics companies when it comes to customs brokerage services.
TWST: What factors do you weigh when selecting the best transportation solutions for your customers?
Mr. Jannello: There are basically two factors we consider when customizing a transportation solution for our customers, cost and reliability. Many vendors out there may offer a very attractive cost but without the reliability. So the true cost can be too high. Our customers use us because we have been out there for more than 35 years and know that we know which transportation provider to use, who will get the shipment there on time as promised and who will be able to meet our service standards for order tracking from where the shipment begins until the final delivery point or, in other words, from the factory to the door.
TWST: What are your advantages over asset carriers?
Mr. Jannello: The definition of an asset carrier is a logistics company that actually has a large fixed investment in transportation assets, and they use all of their assets in the movement of freight for the customer from the factory to the door. We, however, as a third-party carrier, don't make that big investment in airplanes, trucks and shipping fleets. With that investment, those asset carriers are boxed in with a fixed-cost infrastructure and must have all of their assets, and understandably so, in use in order to pay for the large investment they made.
As a non-asset-based logistics provider, our transportation cost is variable and we are able to purchase transportation services from multiple providers. So we wind up with a variable versus fixed cost. As an example, we are able to negotiate favorable pricing as we call upon multiple transportation providers when it comes to the movement of freight. There are times that a better price can be obtained from another carrier, as they may be very competitive with their pricing in order to utilize the assets they own. In others words, we can shop around for the best price and we're not restricted to using our own assets. We have no exclusive arrangements with any of the carriers we use. Our non-asset-based model provides us with a variable cost structure and allows for a high level of operating flexibility.
TWST: Who are your primary customers and what industries are they in?
Mr. Jannello: We have large well-known customers that everyone in your investor readership is familiar with, down to much smaller companies that are very regional. We have more than 1,700 accounts, which represent a very diverse cross section of industries, so we diversify our business risk. We aren't significantly impacted if a market structure or industry is going through a rough patch and business slows down. We're very conscious of maintaining that diversification.
TWST: Last year, you acquired the assets of Ferrara International Logistics. What was the rationale for the acquisition?
Mr. Jannello: We acquired the assets of Ferrara International Logistics on October 4, 2010, at the beginning of our new fiscal year; we are on a September 30 fiscal year. We expect approximately $7 million in annual revenue from this addition with some of the revenue coming in with very high gross profit margins of up to 35%. We're very proud of Janel and building the company to the point where we had revenues of more than $88 million in 2010. Now our focus has been expanded to include continued revenue growth and an increase in our bottom line. The Ferrara asset acquisition is a concrete step to enhancing our overall profitability and will contribute to good year-to-year net income growth. I'm not forecasting here, but that is our focus and we think we can break $100 million in revenue in 2011.
TWST: Are you open to more acquisitions in the future?
Mr. Jannello: Absolutely. Whenever we can discover a smaller logistics broker that has healthy gross profit margins and offers a good fit with their personnel and Janel's personnel, we will be interested in exploring other acquisitions. Obviously, there are many factors that come into play beyond just the cost, but if we can boost our bottom line and it is accretive to earnings, we are interested in talking. We have the best balance sheet we have had in years with cash on hand currently at $1.2 million, and $1.2 million available from our bank line of credit. With that financial flexibility, we have the capital to grow organically and through smart acquisitions, but we're not going to make any acquisition just for the sake of building our top line. It has to make sense to our net income.
Just a matter of time before we get noticed.
If you wait for confirmation on this stock you will pay alot more for your shares.
Really like the way we have based at around .009. At some point in the next two weeks we will break the 200 ma and be off to the races. I am attempting to buy more below .01 and had some luck. Not much yesterday.
I am trying to buy some today.
Just a matter of time.
The company continues to improve its bottom and top line.
At what point did you exit?
Has jada ever released a letter to the share holders?
I added today at .13
IMO, the Seeking Alpha comments on JLWT is a good summary of the undervaluation of JLWT. The next two months should be interesting--with the annual report due out next week and then the first quarter. It looks like JLWT could easily book over $100 million in revenue for 2011 and with higher profitabilty now that they seem to be focused on higher margin business.
From the Seeking Alpha report:
Janel World Trade (JLWT), however, has apparently yet to be discovered, as the stock price is at its 52 week lows of $0.25 (JLWT price on Dec. 22 is $0.30). At this late juncture in the year, tax loss selling is most likely a contributing factor to the recent weakness, as there has been no negative news. However,the company has pre-announced that their soon-to be-released fourth quarter and annual report for 2010 (ended Sept. 30) will show a minimum of $87 Million in revenue (a record year).
Additionally, JLWT announced the company had purchased logistics assets from Ferarra International Logistics with annualized revenue of $7 Million in October--too late to contribute revenue in fiscal year 2010, but just in time for a full quarter's contribution for the first quarter 2011 ending Dec. 31. JLWT's first quarter (due to be filed Feb. 14) looks to compare very favorably with last year's first quarter (still in recession) and with Ferrara's additional revenue.
With most industry analysts forecasting strong growth in world trade from China, South Asia and Central and South America, along with the Eurozone's need to expand their exports, logistics companies are poised for continued increases in revenue and profitability. The key is to identify those company's whose stock price have already discounted 2011's prospects and move to those yet to be fully valued.
JLWT on Seeking Alpha
In the Logistics Industry, Does A Rising Tide Lift All Boats?
Dec 21, 2010 3:26 PM | about stocks: PACR, UPS, FDX, CHRW, EXPD, UTIW, HUBG, SINO
With the news earlier this month that China’s exports popped up 34.9% in November from the year-ago period and showing month to month growth of 22.9% from October, it is clear that world trade continues to expand from the depths of the "Great Recession". Imports to China increased even more--up 37.7% versus October's 25.3% rise. Of course, the China export/import picture is just the most telling reason for the logistics industry's stellar growth in revenue and profitability. Shipping volumes from Central America and Southeast Asia are also very strong as the world slowly recovers from the financial crisis.
The case for continued strength in the business of logistics firms is obvious from the "Big Boys" like Federal Express (NYSE:FDX) and United Parcel Service (NYSE:UPS) to players like Hub Group (Nasdaq:HUBG). However, the appreciation this year has been so robust that investment ratings in some companies have been reduced to "take profits" or "reduce exposure".
Stifel Nicolaus lowered two logistics company's ratings from Buy to Hold --Pacer International, Inc. (Nasdaq:PACR) and Hub Group --on Dec. 15 after their nice price runs of over 100% and 30% respectively during 2010. C.H. Robinson Worldwide, Inc. (Nasdaq:CHRW) was downgraded by Robert W. Baird on Dec. 17 from an Outperform to a Neutral rating after appreciating 80% this year. However, Expeditors International of Washington, Inc. (Nasdaq:EXPD) is up 55% this year and continues to enjoy positive research coverage.
"A Rising Tide Lifts All Boats"?
All of the aforementioned companies have a market capitalization of over $1 Billion. But the opportunity may be in looking at those smaller, little known logistics and freight forwarder companies that have quietly been reporting substantial revenue increases. The old adage that "a rising tide lifts all boats" does apply here, but it may be more of a "rolling tide". Two smaller-cap logistics companies, Radiant Logistics, Inc. (OTCBB:RLGT) with a market cap of $34.8 Million and Janel World Trade, Ltd. (OTCBB:JLWT) with a market cap of just $5.5 Million are understandably under followed but, judging by their revenue growth, are also benefiting from the increase in worldwide container and airfreight shipping volumes.
RLGT was discovered by investors in September when the company was nearing the end its fiscal first quarter (ended Sept. 30). The stock price has since increased almost 400% from $0.30 to $1.18 (Dec. 22 price)-- a nice reward for those investors who recognized a company executing on its business plan with the logistics sectors' fundamental wind at their backs. The company reported first quarter revenue of over $48 million and a healthy bottom line.
Janel World Trade (JLWT), however, has apparently yet to be discovered, as the stock price is at its 52 week lows of $0.25 (JLWT price on Dec. 22 is $0.30). At this late juncture in the year, tax loss selling is most likely a contributing factor to the recent weakness, as there has been no negative news. However,the company has pre-announced that their soon-to be-released fourth quarter and annual report for 2010 (ended Sept. 30) will show a minimum of $87 Million in revenue (a record year). Additionally, JLWT announced the company had purchased logistics assets from Ferarra International Logistics with annualized revenue of $7 Million in October--too late to contribute revenue in fiscal year 2010, but just in time for a full quarter's contribution for the first quarter 2011 ending Dec. 31. JLWT's first quarter (due to be filed Feb. 14) looks to compare very favorably with last year's first quarter (still in recession) and with Ferrara's additional revenue.
With most industry analysts forecasting strong growth in world trade from China, South Asia and Central and South America, along with the Eurozone's need to expand their exports, logistics companies are poised for continued increases in revenue and profitability. The key is to identify those company's whose stock price have already discounted 2011's prospects and move to those yet to be fully valued.
Got in BLAP early today and almost got shaken out. Tomorrow should be good too.
Got some IWEB yesterday. You may want to watch that one too.
It looks like that Janel could do more than $100 Million in revenue this year (2011). If they did over $87 Million in revenue last year and they JUST acquired a company that does $7 Million, everything being the same, JLWT is at $94 Million for next year. With some more growth--like only $6 Million (or less than 7% growth), it takes JLWT to $100 million.
The company has only 13.8 million shares out. This is a find--and when it is discovered--it looks like a $1.25 plus could come. JMHO
Janel World Trade Ltd. Announces 22 Percent Year-Over-Year Growth in Revenue
Revenue to Exceed $87 Million for Fiscal Year 2010 Plus Recent Acquisition Adding $7 Million in Annualized Revenue Builds Strong Momentum for 2011
JAMAICA, NY--(Marketwire - 10/12/10) - Janel World Trade, Ltd. (OTC.BB:JLWT), a full-service global provider of integrated transportation logistics and environmental services, announced today that its 2010 revenue will be at least $87 million for fiscal year ending September 30, 2010. This represents a 22 percent year-over-year revenue growth.
"We are very pleased as we close our fiscal 2010 that our top-line revenue results of at least $87 million demonstrate we have had a great turn around from the $71,582,806 reported for fiscal 2009. We have focused our energies on growing the revenue and profitability of our core business units this past year," said James Jannello, Executive Vice President and Chief Executive Officer of Janel. "We continue to focus on the strong business principles, such as driving shareholder value and exceeding our customer's expectations, which are the foundation of our company and differentiating the Janel brand in the global market. We have always strived to meet the evolving needs of our customers and we continue to seek to add value to the services we provide our expanding customer base. The demand for global logistics services continues to grow as evidenced by our last two quarters of record-setting revenue numbers."
Jannello concluded, "Our European and Asian trade lanes remain very strong. And with the Janel brand now expanding throughout Central America, we continue to see our shipping volumes growing with the continued evolution of the Central America Free Trade Agreement (CAFTA). In addition to our internal growth, we recently announced the acquisition of the assets of Ferrara International Logistics which will add an estimated $7 million in additional revenue which will generate approximately a 36% gross profit margin for fiscal year 2011. This recent strategic acquisition , combined with our revenue growth we have experienced in 2010 and growing global trade lanes, makes the outlook for our core business in 2011 very solid."
To be included in Janel's database for Corporate Press Release and industry updates, investors are invited to send their e-mail address to: IRInfo@janelgroup.net.
About Janel World Trade, Ltd.
Janel World Trade, Ltd. is a global provider of integrated logistics and environmental services, including domestic and international freight forwarding via multi-modal carriers, leading-edge, end-to-end, supply-chain technology, customs brokerage, warehousing and distribution, and other transportation-related services. With offices throughout the U.S. (New York, Chicago, Los Angeles, and Atlanta), the Far East (Hong Kong, Shanghai, and Shenzhen) and Central America (El Salvador, Honduras and Guatemala) , the Company provides the comprehensive logistics services and technology necessary to handle its customers' shipping needs throughout the world. Cargo can be transported via air, sea or land, and Janel's national network of locations can manage the shipment and/or receipt of cargo into or out of any location in the United States. Janel is registered as an Ocean Transportation Intermediary and licensed as a FMC Licensed Freight Forwarder by the Federal Maritime Commission. The Company also provides a comprehensive menu of global environmental remediation services through its Special Projects Division, headquartered in Champaign, IL. This Division is currently working on environmental projects in Central America, Russia and China.
Janel World Trade, Ltd.'s headquarters is located in Jamaica, New York, adjacent to the JFK International Airport, and its common stock is listed on the OTC Bulletin Board under the symbol "JLWT". Additional information on the Company is available on its website at http://us.lrd.yahoo.com/SIG=10v3o7co1/**http%3A//www.janelgroup.net/
Forward-Looking Statements
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "intend," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the Company's dependence upon conditions in the air, ocean and land-based freight forwarding industry, the size and resources of many competitors, the need for the Company to effectively integrate acquired businesses and to successfully deliver its primary services, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission, including its most recent Form 8-K, Form 10-Q and Form 10-K filings. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.