SOURCE: Wall Street News Alert

September 27, 2005 08:43 ET

Wall Street News Alert: Hot Stock Highlights! September 27, 2005

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- September 27, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Connection Logistics Holding, Inc. (OTC BB: CRGO), Corning Incorporated (NYSE: GLW), Applied Materials Inc. (NASDAQ: AMAT) and AMR Corporation (NYSE: AMR).

Aggressive investors and day traders may be watching Connection Logistics Holding, Inc. (OTC BB: CRGO) this morning! Yesterday after the stock markets closed, the company issued a press release announcing that its wholly owned subsidiary, Cargo Connection Logistics Corp., reported immediate revenues from its recent approval by U.S. Customs as a bonded Container Freight Station (CFS) in Miami which became effective Friday, September 16, 2005.

News of the immediate revenues from the recent approval should be welcomed by investors, as the new license allows the company to accept freight that has not yet cleared United States Customs and either deliver the freight in Miami or allow the freight to be transferred beyond Miami to its final destination within the US! For the past four years the Miami facility has operated as a bonded receiving station that only allowed the company to accept only inbound freight that was not destined for Miami.

Watch this company! According to Jesse Dobrinsky, President of Cargo Connection Logistics Corp., despite the closures of the Miami facility on Monday and Tuesday of last week because of Hurricane Rita, the Company was still able to generate revenues from the CFS license.

"We knew the new CFS license would increase sales but we didn't realize the impact would be so immediate," said Dobrinsky. "Both Sovereign Logistics and Scanwell Logistics began running ocean freight through the facility as a result of our increased capabilities at that facility."

Investors should continue to monitor the progress of Connection Logistics for further developments! New York-based Sovereign Logistics, which leases office space at Cargo's 36,000 square foot Miami facility, has extensive operations in Central and South America that can, according to Dobrinsky, fully utilize the newly licensed CFS facility.

"Because of CAFTA, a comprehensive trade agreement between Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua and the United States, we expect the Miami Gateway volumes to continue to grow," said Dobrinsky. "By eliminating tariffs on U.S. goods exports and providing comprehensive access to a wide range of service sectors, CAFTA levels the playing field."

Dobrinsky, who spent last week at the Miami facility for the opening of the container freight station, said the Company has also been approached by other businesses concerning utilizing the Cargo Connection Logistics system.

For updated in-depth coverage and a company profile of Connection Logistics, visit

Prior to the press release, the stock closed yesterday at around a Penny a share.

In case you are not familiar with the company: Cargo Connection Logistics Holding, Inc. consists of Cargo Connection Logistics Corp. and Mid-Coast Management, Inc., which are both headquartered in Inwood, NY. The Company also has offices in Atlanta, Charlotte, Chicago, Columbus, Miami, New York and Pittsburgh. The companies provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. Currently the two companies have a total of 88 employees.

Cargo Connection Logistics Corp. 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 Unites States and North America. Mid-Coast Management, Inc. is a container freight station specifically designed to handle internationally arriving freight for the major retail suppliers through its CFS facilities in Florida, Georgia, Illinois, New York and Ohio. Since its inception, Mid-Coast Management, Inc. has developed relationships with many retailers and also works with Freight Forwarders from around the world. Cargo Connection's website is

Stocks showing interesting activity yesterday at the close of the regular trading day were: Corning Incorporated (NYSE: GLW) down 1.1% on 13.1 million shares traded, Applied Materials Inc. (NASDAQ: AMAT) down 0.4% on 16.1 million shares traded and AMR Corporation (NYSE: AMR) up 0.09% on 6.5 million shares traded.


"The price of gas nationally was at $2.75 per gallon last week but is expected to rise .30-.40 per gallon this week as production slows due to Hurricane Rita," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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