A.C.L.N. Limited Announces Shipments of 36,439 Cars in First Quarter; Extraordinary Demand For Cars in Africa Increases Total by 122% Over Q1 2000

Apr 23, 2001, 01:00 ET from A.C.L.N. Limited

    LOS ANGELES, April 23 /PRNewswire Interactive News Release/ -- A.C.L.N.
 Limited (Nasdaq: ACLNF), a global leader in the distribution and logistics of
 new and pre-owned automobiles, today announced that the extraordinary demand
 for automobiles in Africa led to it shipping approximately 36,439 automobiles
 during the first quarter ended March 31, 2001.  This year's first quarter
 shipments represent an increase of more than 122 percent over the first
 quarter of 2000 and establish a new quarterly record for the Company, said
 ACLN Chairman Joseph Bisschops.
     Total shipments for the first quarter of 2001 also represent a sequential
 increase over the fourth quarter of 2000 of approximately 6 percent.
 Bisschops characterized first quarter 2001 shipments as notable since
 traditionally it's ACLN's slowest quarter.
     Not included in this year's first quarter totals are approximately 5,700
 cars shipped during the quarter that had not arrived in one of the Company's
 14 ports of destination in Africa before the end of March. ACLN also reported
 that it has a backlog of approximately 8,000 cars at its ports in Europe
 awaiting delivery through the Company's logistics services.
     About 6,500 cars, or approximately 18 percent of the total for the first
 quarter of this year, were new car shipments through the Company's expanding
 wholesale distribution service, which is focused on the sale of new cars to
 individuals and small independent dealers in Africa.
 
                      First Quarter Car Volume Comparisons
 
                                  2000           2001        Percent Change
     New Cars Sold & Delivered   3,400           6,500         91%
     Logistics Cars Delivered   13,030          29,939        129%
     Total Cars Delivered       16,430          36,439        122%
 
     "The increase in demand for automobiles in Africa continues at a very
 brisk pace and our door-to-door shipping and logistics services uniquely
 positions us to profitably take full advantage of this rapidly expanding
 market," Bisschops said.  "We are focused on achieving even greater economies
 of scale as we continue to ramp up our car shipment volumes."
     Aldo Labiad, ACLN Chief Executive Officer, characterized the car volumes
 as "exceptional, especially in light of the fact that the first quarter is
 typically a seasonally slow time.  I continue to be very encouraged by the
 ongoing expansion of demand in our African markets and the resulting increases
 in our business."
     ACLN Chief Financial Officer Christian Payne, added that "from a financial
 standpoint, our revenue mix shifted this quarter, with more volume going to
 destinations in West Africa, which have slightly lower per-car revenue
 characteristics. However, our significantly higher shipment volumes have
 compensated for this lower per-car revenue."
 
     About A.C.L.N. Limited
     A.C.L.N. Limited (www.aclnfltd.com) is a global leader in automobile
 logistics, serving four European ports, and fifteen ports of destination in
 Africa.  Founded in 1978, A.C.L.N. currently operates two primary business
 segments:  (i) automobile logistics services between Europe and Africa, and
 (ii) a wholesale automobile distribution service in Africa.  With an
 established global network, A.C.L.N. is able to provide door-to-door shipping
 of personal vehicles from countries in Northern Europe to developing countries
 in Africa.  During 2000, A.C.L.N. began a wholesale distribution business in
 Africa, through which it sold over 14,000 new cars.
 
     This news release contains forward-looking statements as that term is
 defined in the Private Securities Litigation Reform Act of 1995. Such
 statements are based on the current expectations of management and are subject
 to a number of risk factors and uncertainties that could cause actual results
 for performance of the company to differ materially from those described
 herein.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X84262264
 
 

SOURCE A.C.L.N. Limited
    LOS ANGELES, April 23 /PRNewswire Interactive News Release/ -- A.C.L.N.
 Limited (Nasdaq: ACLNF), a global leader in the distribution and logistics of
 new and pre-owned automobiles, today announced that the extraordinary demand
 for automobiles in Africa led to it shipping approximately 36,439 automobiles
 during the first quarter ended March 31, 2001.  This year's first quarter
 shipments represent an increase of more than 122 percent over the first
 quarter of 2000 and establish a new quarterly record for the Company, said
 ACLN Chairman Joseph Bisschops.
     Total shipments for the first quarter of 2001 also represent a sequential
 increase over the fourth quarter of 2000 of approximately 6 percent.
 Bisschops characterized first quarter 2001 shipments as notable since
 traditionally it's ACLN's slowest quarter.
     Not included in this year's first quarter totals are approximately 5,700
 cars shipped during the quarter that had not arrived in one of the Company's
 14 ports of destination in Africa before the end of March. ACLN also reported
 that it has a backlog of approximately 8,000 cars at its ports in Europe
 awaiting delivery through the Company's logistics services.
     About 6,500 cars, or approximately 18 percent of the total for the first
 quarter of this year, were new car shipments through the Company's expanding
 wholesale distribution service, which is focused on the sale of new cars to
 individuals and small independent dealers in Africa.
 
                      First Quarter Car Volume Comparisons
 
                                  2000           2001        Percent Change
     New Cars Sold & Delivered   3,400           6,500         91%
     Logistics Cars Delivered   13,030          29,939        129%
     Total Cars Delivered       16,430          36,439        122%
 
     "The increase in demand for automobiles in Africa continues at a very
 brisk pace and our door-to-door shipping and logistics services uniquely
 positions us to profitably take full advantage of this rapidly expanding
 market," Bisschops said.  "We are focused on achieving even greater economies
 of scale as we continue to ramp up our car shipment volumes."
     Aldo Labiad, ACLN Chief Executive Officer, characterized the car volumes
 as "exceptional, especially in light of the fact that the first quarter is
 typically a seasonally slow time.  I continue to be very encouraged by the
 ongoing expansion of demand in our African markets and the resulting increases
 in our business."
     ACLN Chief Financial Officer Christian Payne, added that "from a financial
 standpoint, our revenue mix shifted this quarter, with more volume going to
 destinations in West Africa, which have slightly lower per-car revenue
 characteristics. However, our significantly higher shipment volumes have
 compensated for this lower per-car revenue."
 
     About A.C.L.N. Limited
     A.C.L.N. Limited (www.aclnfltd.com) is a global leader in automobile
 logistics, serving four European ports, and fifteen ports of destination in
 Africa.  Founded in 1978, A.C.L.N. currently operates two primary business
 segments:  (i) automobile logistics services between Europe and Africa, and
 (ii) a wholesale automobile distribution service in Africa.  With an
 established global network, A.C.L.N. is able to provide door-to-door shipping
 of personal vehicles from countries in Northern Europe to developing countries
 in Africa.  During 2000, A.C.L.N. began a wholesale distribution business in
 Africa, through which it sold over 14,000 new cars.
 
     This news release contains forward-looking statements as that term is
 defined in the Private Securities Litigation Reform Act of 1995. Such
 statements are based on the current expectations of management and are subject
 to a number of risk factors and uncertainties that could cause actual results
 for performance of the company to differ materially from those described
 herein.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X84262264
 
 SOURCE  A.C.L.N. Limited