Cargo Connection Logistics Holding , Inc. (OTC BB: CRGOE) (Berlin: CD6.BE) (Frankfurt: 217026) today announced that its wholly owned subsidiary, Cargo Connection Logistics Corp., has secured a General Order (G.O.) Warehouse designation at JFK International Airport. The Company said the contract was facilitated through its recently hired Vice President of Sales and Marketing, William O'Connell, who was formerly with Airfreight Warehouse Company.
"This will allow many of my former customers to transition to Cargo Connection Logistics Corp. with ease," said O'Connell. "The G.O. Warehouse at JFK is the only tool that my former company had that Cargo Connection Logistics Corp. did not have. I believe this is just the first of many improvements that will help Cargo Connection Logistics expand our operations at its New York hub."
According to O'Connell there are several reasons freight is seized and sent to a General Order Warehouse. "Many times it can be clearance problems," said O'Connell. "Other times the issues may relate to quota restrictions. Sometimes, it can just be related to customers' inability to pay the duty. For whatever reason, this cargo will now be directed by United States Customs to Cargo Connection Logistics Corp.'s JFK facility."
"Clearly we're delighted that Bill has hit the ground running and has already secured an additional source of business for our JFK facility, let alone our organization," said Jesse Dobrinsky, President of Cargo Connection Logistics Corp. "His collaboration with United States Customs over the past 35 years has helped to establish and develop the regulations associated with G.O. He is aggressively pursuing additional business at JFK as well as tapping into his relationships around the Country to introduce them to the quality services our Company provides."
"Certainly, this is a great way to get things going in my new position," O'Connell added. "It is especially gratifying to be acknowledged as an expert by United States Customs in regulations pertaining to General Order and Bonded Warehouses. Cargo Connection Logistics Corp.'s reputation with United States Customs just made the process easier. While JFK is a primary target for new business, having facilities around the country is a very attractive sales tool that is already being well received by many of my long-time industry contacts who appreciate the concept of utilizing Cargo Connection Logistics Corp. as a single-source solution for their logistics needs."
About Cargo Connection Logistics Holding, Inc.
Company: Cargo Connection Logistics Holding, Inc. consists of Cargo Connection Logistics Corp. and Cargo Connection Logistics - International, Inc. (formally Mid-Coast Management, Inc.), which are both headquartered in Inwood, NY. The Company also has offices in Atlanta, GA; Charlotte, NC; Chicago, IL; Columbus, OH; Miami, FL; New York, NY; Pittsburgh, PA.; and San Jose, CA. Cargo Connection Logistics 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, with service areas throughout the United States and North America. The companies currently provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. They also have container freight station operations specifically designed to handle internationally arriving freight for the major retail suppliers through its CFS facilities in Florida, Georgia, Illinois, New York and Ohio. Cargo Connection Logistics' website is 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, including, without limitation:
-- the Company's ability to increase its revenues, including by obtaining contacts with foreign shippers;
-- the Company's financial condition, including its ability to continue as a going concern;
-- the effect of the Company being in default on its indebtedness;
-- the Company's ability to raise additional capital;
-- the Company's reliance on key personnel and independent agents; and
-- the Company's vulnerability to economic and industry conditions.
Contact: Peter Nasca Peter Nasca Associates, Inc. 312-421-0723 Chicago 305-937-1711 Miami
SOURCE: Cargo Connection Logistics Corp.
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