SOURCE: Cargo Connection Logistics Holding, Inc.

May 02, 2006 11:18 ET

All Nippon Airways Selects Cargo Connection Logistics Corp. as a Vital Partner; in On-Going East Coast Expansion

Will Increase Business Opportunity and Expand Relationship With Airline

INWOOD, NY -- (MARKET WIRE) -- May 2, 2006 -- 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 been selected by All Nippon Airways to provide transportation services into and out of Washington - Dulles Airport (Airport Code: IAD). Cargo Connection Logistics Corp. already serves as the All Nippon Airways drop station in Miami.

All Nippon Airways (ANA) will be significantly increasing its cargo capacity in and out of Washington D.C., and effective April 18, 2006, IAD started receiving the new "pride" of the ANA International Fleet, the Boeing B777-300ER, on an alternate daily basis. This shall continue until July 1st, when the aircraft will be used daily on this route.

Cargo Connection is currently performing services on ANA's behalf in their Miami facility. These services include U.S. Customs validations, local deliveries, airport pickups, special projects and other services, when required.

"As a key partner in ANA's all important import cargo operation, Cargo Connection's role is vital to maintain the high quality standards we demand at ANA," said Matthew R. Clevenger, ANA Deputy Manager, Cargo Marketing & Sales, The Americas.

"Being selected as one of the primary freight carriers for one of the world's most prestigious airlines is further validation of our ever growing reputation for providing the highest quality services within our industry," said Christopher Madden, Director of Operations, of Cargo Connection Logistics Corp. "Securing this contract will increase Cargo Connection Logistics Corp's load capacity and vehicle utilization in the East Coast Corridor. We look forward to expanding our business relationship with ANA and look at this as a terrific opportunity to increase our annual revenues."

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. The companies currently provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation.

About Cargo Connection Logistics Holding, Inc.

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. They 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 Information

  • Contact:
    Peter Nasca
    Peter Nasca Associates, Inc.
    312-421-0723 Chicago
    305-937-1711 Miami