SOURCE: Commodity Sourcing Group

May 04, 2007 06:00 ET

Commodity Sourcing Group Introduces American Biologistics Company

DETROIT, MI -- (MARKET WIRE) -- May 4, 2007 -- Commodity Sourcing Group ("CSG") today introduced a new operating affiliate, American Biologistics Company LLC. The company was developed to support the global rollout of the new CryoPort Express® One-Way Shipper System, a cryogenic shipping platform of CryoPort, Inc. (PINKSHEETS: CYRX). American Biologistics was established to address specific sections of the healthcare industry's logistics and distribution requirements.

CSG, via American Biologistics, recently entered into a business alliance with CryoPort to operate as the logistics and recycling support platform for the launch of the CryoPort Express platform on a global basis. CSG and CryoPort will provide key executive leadership and will work together to develop a cold chain logistics process that will lower the cost of shipping high value bio-pharmaceuticals as well as reduce the risk of specimen loss.

CSG President, Mr. Robert Schummer, commented, "We are excited about American Biologistics and the role it will play in introducing the CryoPort Express ® One-Way Shipper System to 'cold chain' shipping. This significant opportunity is consistent with our core strengths and near term business goals. I believe that the combination of CryoPort's technology and American Biologistics' logistical capabilities will change the way 'cold chain' shipping is currently conducted. For years the temperature sensitive shipping industry has been searching for an effective alternative to dry ice. CryoPort's shippers deliver that alternative in shipping solutions that are safer, more reliable and less costly than dry ice."

About Commodity Sourcing Group

VHS Group, LLC (www.vhsgroup.com), dba Commodity Sourcing Group ("CSG"), is an expert at managing, and anticipating, the commodity needs and distribution challenges faced by its clients. As supply chain professionals, CSG is adept at cultivating and encircling itself with qualified suppliers whose specialty areas address its customers' commodity needs.

Contact Information

  • Corporate Contact:

    Commodity Sourcing Group
    Sonita C. Martin
    727-360-6465