INWOOD, N.Y -- Cargo Connection Logistics Holding, Inc. (OTCBB:CRGO), today announced its wholly owned subsidiary, Cargo Connection Logistics Corp., has entered into an non-exclusive partnership with Scanwell Logistics to provide warehouse services, transportation services and Information Systems and support. This alliance will, through the use of Cargo Connection Logistics information systems, bonded facilities and domestic transportation, enhance and extend overall logistics services and solutions provided by Scanwell Logistics to their current U.S. import customers. This new partnership will provide Scanwell customers around the world with additional flexibility and controls within their supply chain and allow them to customize the information to provide full visibility to what is intransit, arrived at US points and management details pertaining to their warehouse inventory.
"This non-exclusive partnership will allow end customers to utilize a single source network where each supplier can focus on their core competencies and allow optimal growth potential through additional marketing channels," said Jesse Dobrinsky, president of Cargo Connection Logistics Holding, Inc. "Being chosen to be the domestic segment and information systems supplier with this alliance demonstrates the industries’ confidence and recognition that Cargo Connection Logistics and its services are vital to the global import market."
Scanwell Logistics with their worldwide headquarters in Hong Kong and USA headquarters in San Francisco is a leading, well renowned international freight forwarder and third party logistics provider to major Asia based and USA based corporations. The Scanwell Group's key emphasis is in the heavily dominant Asia trade lane, with a significant presence in China (seventeen offices) and all the countries in the region, including the emerging markets of Vietnam, Laos and Cambodia. Scanwell's strengths, skills and local understanding of these markets has demanded a focus on investments in people, systems, warehouses in these areas, all the while maintaining its ever growing confidence with their global customers. Scanwell currently employs 1800 personnel globally, excluding their alliances and agency networks in Europe, Australia and markets where Scanwell has no physical presence.
The Scanwell group provides a full roster of logistics services from detailed warehouse and product supply management at origin, to innovative solutions in the supply chain process. Focused elements of speed, cost, systems, communication and flexibilities to meet the demands of small to medium sized corporations, to global giants are at the core of the scanwell Group philosophy.
The partnership with Cargo Connections enhances and supplements the services of Scanwell Logistics, leveraging each with their core competencies.
Cargo Connection Logistics Holding, Inc. consists of Cargo Connection Logistics Corp. and Mid-Coast Management, Inc., which are both headquartered in Inwood, NY. The Company also has offices in Atlanta, Charlotte, Chicago, Columbus, Miami, New York and Pittsburgh. The companies provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. Currently the two companies have a total of 87 full-time employees.
About Cargo Connection Logistics Corp./Mid-Coast Management
Cargo Connection Logistics Corp. is a leader in world trade logistics. Headquartered adjacent to JFK International Airport, the company is a transportation logistics provider for shipments importing into and exporting out of the United States, especially through the Gateways of Chicago, Illinois, JFK, New York, Miami, Florida or Atlanta, Georgia with service areas throughout the Unites States and North America. Mid-Coast Management is a container freight station specifically designed to handle internationally arriving freight for Mast Industries the major supplier to Limited Brands -- one of the worlds' largest multi-brand specialty retailers -- as well as many other significant fashion brands. Since its inception, Mid-Coast Management, Inc. has developed relationships with many other retailers and works with Freight Forwarders from around the world.
Additional information about Cargo Connection can be obtained at its website http://www.cargocon.com
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.
SOURCE: Cargo Connection Logistics Holding, Inc.
For Cargo Connection Logistics Holding, Inc.
Peter Nasca, 305-937-1711
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Cargo Connection Logistics Holding, Inc. and Scanwell Logistics Form Partnership
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