SOURCE: Cargo Connection Logistics Holding, Inc.

July 10, 2006 08:30 ET

Cargo Connection Logistics - International Commences Operations in Vietnam

INWOOD, NY -- (MARKET WIRE) -- July 10, 2006 -- Cargo Connection Logistics Holding, Inc. (OTCBB: CRGO) (BERLIN: CD6) (FRANKFURT: 217026) today announced that representatives of its wholly owned subsidiary, Cargo Connection Logistics - International, Inc., in conjunction with American River Logistics and M&S VTEC, have collaborated to put its first shipments on the water from Vietnam.

M&S Shipping PLC was established approximately 50 years ago in the United Kingdom. In 1995 the company was renamed M&S Shipping Group. Up until now their primary focus has been shipments to Western and Eastern Europe. M&S VTEC Shipping LTD is a joint venture between M&S Shipping Company and the Vietnamese Government-owned garment factories.

Cargo Connection Logistics - International will begin service immediately from the following ports in Vietnam: Da Nang, Haiphong, and Ho Chi Minh City to the primary ports on the East and West Coast of the United States. We have also arranged for service from the Port of Long Beach, CA for shipments going to Vietnam.

"We believe this will be the beginning of many shippers and agents from the region surrounding Vietnam to begin using the Cargo Connection Logistics network as their American Receiving Station and United States Customs Broker in the United States," said David Quach, President of Cargo Connection Logistics - International. "Each of these joint ventures has been a building block leading up to this moment. This marks the 'actual' beginning of this type of operation and we believe that this is the beginning of what will be significant increases in business over the next 60 to 90 days."

Quach said the Vietnamese market is the first Asian market that has begun shipping into the United States using the Cargo Connection Logistics Network as its infrastructure within the United States.

"As I have stated before, the Vietnamese Government is investing heavily into its infrastructure to promote growth within the country and to do that, they require a sophisticated supply chain in which Cargo Connection Logistics will be a crucial link," said Quach. "We are expecting to receive shipments that are Less Than Container Loads (LCL) as well as Full Container Loads (FCL). Cargo Connection Logistics expects to be a participant in all aspects of merchandise being exported from Vietnam into the United States as well as exporting freight from the United States into Vietnam, the 15th largest country in the world."

"As promised this is the first of what we know will be the first full container loads of freight we will move and we expect there will be several more over the next few weeks," said Jesse Dobrinsky, CEO of Cargo Connection Logistics Holding, Inc. "We have been quoting for different levels of service for the customers in this country. What services the Shipper may choose to utilize will depend upon their Customers' needs in relationship to the services we currently offer. We expect our extensive experience in the fashion business, coupled with the comprehensive systems we have in place to support this type of enterprise, will make this a very successful venture for both Cargo Connection Logistics and our affiliates in Vietnam."

The Company said it expects to formalize several other agreements with other shippers from Vietnam over the next few weeks.

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 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