SOURCE: Janel World Trade Ltd.

Janel World Trade Ltd.

October 12, 2010 07:00 ET

Janel World Trade Ltd. Announces 22 Percent Year-Over-Year Growth in Revenue

Revenue to Exceed $87 Million for Fiscal Year 2010 Plus Recent Acquisition Adding $7 Million in Annualized Revenue Builds Strong Momentum for 2011

JAMAICA, NY--(Marketwire - October 12, 2010) -  Janel World Trade, Ltd. (OTCBB: JLWT), a full-service global provider of integrated transportation logistics and environmental services, announced today that its 2010 revenue will be at least $87 million for fiscal year ending September 30, 2010. This represents a 22 percent year-over-year revenue growth.

"We are very pleased as we close our fiscal 2010 that our top-line revenue results of at least $87 million demonstrate we have had a great turn around from the $71,582,806 reported for fiscal 2009. We have focused our energies on growing the revenue and profitability of our core business units this past year," said James Jannello, Executive Vice President and Chief Executive Officer of Janel. "We continue to focus on the strong business principles, such as driving shareholder value and exceeding our customer's expectations, which are the foundation of our company and differentiating the Janel brand in the global market. We have always strived to meet the evolving needs of our customers and we continue to seek to add value to the services we provide our expanding customer base. The demand for global logistics services continues to grow as evidenced by our last two quarters of record-setting revenue numbers."

Jannello concluded, "Our European and Asian trade lanes remain very strong. And with the Janel brand now expanding throughout Central America, we continue to see our shipping volumes growing with the continued evolution of the Central America Free Trade Agreement (CAFTA). In addition to our internal growth, we recently announced the acquisition of the assets of Ferrara International Logistics which will add an estimated $7 million in additional revenue which will generate approximately a 36% gross profit margin for fiscal year 2011. This recent strategic acquisition , combined with our revenue growth we have experienced in 2010 and growing global trade lanes, makes the outlook for our core business in 2011 very solid."

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About Janel World Trade, Ltd.
Janel World Trade, Ltd. is a global provider of integrated logistics and environmental services, including domestic and international freight forwarding via multi-modal carriers, leading-edge, end-to-end, supply-chain technology, customs brokerage, warehousing and distribution, and other transportation-related services. With offices throughout the U.S. (New York, Chicago, Los Angeles, and Atlanta), the Far East (Hong Kong, Shanghai, and Shenzhen) and Central America (El Salvador, Honduras and Guatemala) , the Company provides the comprehensive logistics services and technology necessary to handle its customers' shipping needs throughout the world. Cargo can be transported via air, sea or land, and Janel's national network of locations can manage the shipment and/or receipt of cargo into or out of any location in the United States. Janel is registered as an Ocean Transportation Intermediary and licensed as a FMC Licensed Freight Forwarder by the Federal Maritime Commission. The Company also provides a comprehensive menu of global environmental remediation services through its Special Projects Division, headquartered in Champaign, IL. This Division is currently working on environmental projects in Central America, Russia and China.

Janel World Trade, Ltd.'s headquarters is located in Jamaica, New York, adjacent to the JFK International Airport, and its common stock is listed on the OTC Bulletin Board under the symbol "JLWT". Additional information on the Company is available on its website at

Forward-Looking Statements
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "intend," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the Company's dependence upon conditions in the air, ocean and land-based freight forwarding industry, the size and resources of many competitors, the need for the Company to effectively integrate acquired businesses and to successfully deliver its primary services, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission, including its most recent Form 8-K, Form 10-Q and Form 10-K filings. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

Contact Information

  • Contact:
    Investor Relations at Janel World Trade
    (404) 261-1196