SOURCE: Cargo Connection Logistics Holding, Inc.

July 31, 2006 05:00 ET

Cargo Connection Logistics Staffs Up Vietnam Operations

Company Adds First Employees to Control and Manage Exports From World's 15th Largest Country

INWOOD, NY -- (MARKET WIRE) -- July 31, 2006 --Cargo Connection Logistics Holding, Inc. (OTCBB: CRGO) (BERLIN: CD6.BE) (FRANKFURT: 217026) today announced that its wholly owned subsidiary, Cargo Connection Logistics - International, Inc., has hired its first two employees for its Vietnam operations. The Company recently announced that its first containers of cargo from Vietnam had already arrived in the United States through the Port of Oakland.

"This marks the beginning of what we expect will be a very important moment in the evolution of Cargo Connection Logistics - International," said David Quach, President of Cargo Connection Logistics - International. "The two initial employees will manage and control the export freight from Vietnam to the United States and provide the customer support necessary to provide the necessary data for the Shipper in Vietnam and the Consignees in the United States. This is a historic moment for the Company as it clearly defines the beginning of its plan to become an internationally recognized company."

Quach said the new employees are bilingual and will not only provide customer service for the shippers, but will also provide the necessary data entry into Cargo Connection Logistics' state of the art information system. That information will allow shippers and consignees to have full sight of their cargo, from pickup in Vietnam through delivery in the United States.

"While this is just the beginning of operations overseas, we will use this as the model for opening offices in other locations that are 'touch points' for our cargo around the world," said Quach.

"With supply chain management becoming as sophisticated a business as it is, the movement of information is as important as the movement of the cargo," said Jesse Dobrinsky, CEO of Cargo Connection Logistics Holding, Inc. "This investment in Vietnam will provide our customers with the tools they will need to efficiently operate their businesses. Our information systems will provide the latest data for our customers at every location their cargo is touched. This will update vessel names, ETDs, ETAs, embarkation and disembarkation information of the cargo. This is the kind of critical data that our customers are demanding from Third Party Logistics (3PL) providers today. We are excited about this development and will continue to keep our shareholders advised as this and other developments occur."

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 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.
    Miami 305-937-1711
    Chicago 312-421-0723