SOURCE: Cargo Connection Logistics Holding, Inc.

April 05, 2007 11:59 ET

Audited Financial Results Validate Record Revenues for Cargo Connection Logistics Holding, Inc.

Revenues for 2006 Increased by More Than 22 Percent

INWOOD, NY -- (MARKET WIRE) -- April 5, 2007 -- Cargo Connection Logistics Holding, Inc. (OTCBB: CRGO) (BERLIN: CD6) (FRANKFURT: CD6) (FRANKFURT: 217026) today filed its 10-KSB which validated previously reported un-audited record financial results for 2006. Gross revenues for 2006 were nearly $18 million, which represents an increase of more than 22 percent from the previous fiscal year.

"We are very pleased that we continue to increase revenues from our transportation and logistics operations and we are also optimistic about the potential for our newest subsidiary, Nuclear Material Detection Technologies (NMDT)," said Jesse Dobrinsky, CEO of Cargo Connection Logistics Holding, Inc. "We believe this new technology takes the Company into lateral markets and clearly offers a viable solution to an issue of national security."

"NMDT is the last new development in what was a very exciting and challenging year for our Company," added Dobrinsky. "Cargo Connection continues to grow and management continues to look for additional revenue steams in the current markets we serve while allowing the Company to look for alternative business to help to increase shareholder value."

Dobrinsky said that Cargo Connection's basic business philosophy has not and will not change. "We are highly focused on our core business and any other business that will bring accretive earnings for our shareholders," he said. "One of our priorities for 2007 is to bring to fruition a workable agreement in the Pacific Rim that can be the foundation for growth and development from that region of the world."

About Cargo Connection Logistics Holding, Inc.

Company: Cargo Connection Logistics Holding, Inc. consists of Cargo Connection Logistics Corp., Cargo Connection Logistics - International, Inc. and Nuclear Material Development Technologies, Inc., which are 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 have U.S. Customs Bonded 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. They also have a General Order Warehouse operating in New York.

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
Press information at: http://www.cargocon.com/headlines.html

Contact Information

  • Contact:
    Peter Nasca
    Peter Nasca Associates, Inc.
    Ft. Lauderdale 954-473-0677
    Chicago 312-421-0723