InvestorsHub Logo
Followers 137
Posts 41656
Boards Moderated 7
Alias Born 01/05/2004

Re: None

Tuesday, 08/09/2005 8:14:52 AM

Tuesday, August 09, 2005 8:14:52 AM

Post# of 17
TransGlobal Logistics, Inc. Announces the Appointment of Joel M. Chusid as Chairman of the Board of Directors
Monday August 8, 4:05 pm ET

NAPLES, Fla.--(BUSINESS WIRE)--Aug. 8, 2005--TransGlobal Logistics, Inc. (OTC: TLGI - News; http://www.transglobl.com), today announced the appointment of Joel M. Chusid as Chairman of the Board of Directors. TransGlobal Logistics, Inc. (TLGI) is a Florida based holding company focused on the consolidation of a number of transportation and travel related companies that serve the Caribbean, Central and South America.

ADVERTISEMENT
Mr. Chusid is an experienced travel, logistics, and tourism professional who has led U.S. domestic and international air carriers in their strategic positioning in sales and business development, marketing, and branding. In addition to the U.S., his specific geographic expertise includes China, the Caribbean, The Bahamas, and Latin America. Holding executive positions at a large U.S. airline (American Airlines), an entrepreneurial regional carrier (American Eagle), and a foreign-flag airline (China Eastern Airlines) have provided Mr. Chusid with a unique perspective, the knowledge of which has been adapted to a variety of airlines, hospitality, and tourism industries.

Mr. Chusid was one of the creators of American Eagle, American Airlines' regional airline affiliate, now acknowledged to be the world's largest operation of its kind. His position as Vice President, Sales & Marketing, included responsibilities in sales strategies and management, goal development, advertising, consumer research, pricing, service and product design. At China Eastern Airlines, as the company's only non-Chinese executive and Managing Director, Sales & Marketing for The Americas, Mr. Chusid was responsible for bridging business and cultural gaps in the company's U.S. operation by introducing proactive selling and internet presence for both the Chinese and Indian markets.

Having developed a resourceful travel industry network of influential business associates, Mr. Chusid brings complementary skills from all functional areas. He is multi-lingual and well respected internationally, has published numerous articles, and is often called upon to comment on industry issues to the media and to speak or moderate panels at conferences.

Mr. Chusid received his M.B.A. in International Management from the University of Dallas Graduate School of Management in Dallas, TX and his B.S. in Marketing & Logistics from the University of Tennessee in Knoxville, TN. He serves on the Board of Directors & Executive Committee of the Association of Travel Marketing Executives, is Secretary for the National Board of Directors, Hostelling International - USA, and is a member of SKAL International and PROST Los Angeles. He resides in Dallas, Texas and Buenos Aires, Argentina.

In discussing the acceptance by Mr. Chusid of the Chairman's position, President and CEO of TransGlobal, Mr. Gus Cervera stated, "We at TransGlobal are very excited by Mr. Chusid's acceptance of this appointment as Chairman of the Board. We believe that he will bring to the company, the board, and the management team a wealth of experience that is immeasurable in terms of the impact it will have on the company's ultimate success. He possesses not only the experience of a seasoned executive from his years in the transportation industry, but also a demonstrated successful track record in accomplishing many of the business goals we have set for TransGlobal. He is a consummate professional with an impeccable reputation, and we know his contribution to our efforts in the development of TransGlobal will make our vision a reality for both our company and our shareholders."

When reached to discuss his appointment, Mr. Chusid said, "New businesses start up every day, but TransGlobal's business plan struck me as a fresh approach to logistics and transportation in the Caribbean and Central America. The Caribbean and Central America have always fascinated me, and it's a good feeling to be able to make a contribution to further the economic development of this exciting region, especially with the Central America Free Trade Agreement (CAFTA) signed only last week. I look forward to working with such a dynamic and professional group of individuals, and share their common vision."

ABOUT TRANSGLOBAL LOGISTICS, INC.:

TransGlobal Logistics (OTC:TLGI - News; www.transglobl.com) is a Florida based holding company focused on the establishment of a regionally-dominant inter-modal transportation group that is consolidating and combining a number of existing transportation and travel companies in order to provide transportation services under a single management umbrella. Through elimination of redundant administrative costs, and by maximizing the business synergies between its subsidiaries, TransGlobal will be able to create an organization that is more efficient and profitable than the sum of the individual components.

TransGlobal's affiliated companies include Panama International Air (PIA), a new Panama Flag Category 1 passenger airline that is completing its certification process; PIA Express, the Air Cargo Division of PIA; and P&L Logistica, a Panama-based cargo logistics company. The company anticipates further acquisitions in the coming months to include a New York based international freight forwarder with offices in 4 major U.S. cities and 22 countries; a Panama-based courier and package delivery service; and several other transportation related companies. By combining both management and transportation infrastructure in one organization, TransGlobal will be able through its acquisition strategy to vertically and horizontally integrate the necessary services required for the movement of people and cargo throughout the region.

invest at your own risk, based on your own due diligence, at your own risk tolerance

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.