FUTURE OUTLOOK
The Company has taken many steps recently to improve upon shareholder value. All the actions and steps taken are in the pursuit of accomplishing this goal. In recent months the Company has gone through changes, from its focus on industries (was on Beverage, now on Transportation and Logistics), change in Management (previous Officers and Directors have resigned and are replaced with new Officers and Directors) as well as a Corporate name change (from Championlyte Holdings, Inc. to its current Cargo Connection Logistics Holding, Inc.) that have all been done for the future. We believe that the Company's core focus should be on the Transportation and Logistics industry and those businesses and needs that it complements. The first entry into this industry was though the acquisition on Cargo Connection Logistics Corp. and Mid-Coast Management, Inc. These companies give the Company a solid base in becoming a partner of the logistics community. Cargo Connection is capable of being the Domestic transportation partner for those International companies who require assistance throughout the United States. Mid-Coast has the facilities to assist companies with their freight by either holding the freight in their bonded facilities or possibly sorting freight for the client while the goods are clearing customs in its Customs approved Container Freight Stations. The Company will be looking at other areas to become involved in that complement the needs of the industry, either by adding additional services, helping to form entities that have specific attributes or through acquisitions. One of these entities that we are partnering in is Independent Transportation Group (ITG). ITG has the ability to attract independent contractors and other carriers to perform work on behalf of Cargo Connection Logistics and Mid-Coast. The primary goal of the new division is to assist the Company in increasing the size and scope of its driver fleet, while offering agents comprehensive packages for medical insurance, profit sharing plans, as well as other benefits. In addition, in an effort to cure some of Mid-Coast's financial condition, Mr. David Quach has joined the Gargo Connection team to enhance business that should utilize the Mid-Coast facilities. Mr. Quach brings experience in dealing with emerging growth companies developing Pacific Rim relationships. These additional enhancements will require additional financing for us and there can be no assurances that we will obtain any of the additional financing needed to accomplish our plans. If we are unable to secure additional financing to complete our restructuring and implement our plans, we will have to rethink our timeframes to accomplish the business model we are setting out.
