SOURCE: Cargo Connection Logistics Holding, Inc.

June 21, 2006 08:30 ET

William O'Connell, New Vice President, Secures Additional Business for Cargo Connection Logistics Corp. as Former Company Ceases Operations

INWOOD, NY -- (MARKET WIRE) -- June 21, 2006 -- Cargo Connection Logistics Holding, Inc. (OTCBB: CRGO) (Berlin: CD6) (Frankfurt: 217026) today announced that its wholly owned subsidiary, Cargo Connection Logistics Corp., has picked up new business at its New York JFK terminal. The new business was secured by the Company's recently hired Vice President of Sales and Marketing, William O'Connell. This business was acquired as a result of the closure of his former company Airfreight Warehouse Company.

"While we don't want to celebrate the demise of my former company however, this development will ensure that many of my former customers will transition to Cargo Connection Logistics Corp. with relative ease," said O'Connell. "Cargo Connection Logistics Corp. has many of the tools my former organization did not possess. I believe that web tracking and obtaining a proof of delivery verification through web access are some of the many improvements that my former customers had requested." In addition, Cargo Connection Logistics has expanded its operations at its New York hub to include local cartage and city pickup and delivery service. There are several of my former customers that through the transitioning of their delivery business needs, will also afford us the opportunity of expanding our Container Freight Station operations as well. Clearly we're quite proud that United States Customs considers Cargo Connection Logistics Corp. to be one of its primary JFK facilities."

"Bill has hit the ground running and has already secured additional sources of new business for our JFK facility, let alone our organization," said Jesse Dobrinsky, President of Cargo Connection Logistics Corp. "Bill is aggressively pursuing additional business with some of the Fortune 500 companies based on Long Island, at JFK International Airport, as well as tapping into his relationships around the country to introduce them to the quality services that our Company provides."

"These first two weeks have proved to be very interesting and certainly opportunistic," added O'Connell. "Upon my departure, my former company decided to close, leaving the door wide open for our customers to transition their business without a conflict of interest or other concerns. The transition for these companies will be seamless.

"It is especially gratifying to be acknowledged as an expert by my colleagues in the industry and United States Customs as an expert in my field," said O'Connell. "Cargo Connection Logistics Corp.'s reputation with United States Customs and their professional Customer Service agents have made my customers feel as though they have been doing business with Cargo Connection Logistics for years. While JFK is a primary target for new business, having facilities around the Country is a very attractive sales tool that is already being well received by many of my long-time industry contacts who appreciate the concept of utilizing Cargo Connection Logistics Corp. as a single-source solution for their logistics needs."

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 also 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