JAMAICA, N.Y., April 14, 2011 /PRNewswire/ -- Janel World Trade, Ltd. (OTC BB: JLWT), a full-service global provider of integrated transportation logistics and environmental services, completed the formation of a new business segment within Janel. The new business segment includes a team of industry veterans who will develop vertical sales primarily in the food industry. Their initial focus will be on developing new products with Italian food manufacturers, the management of all transportation and logistics associated with the distribution of the products and the marketing and sale of the products in the United States.
The assembled team has decades of experience in the food industry with a focus on supply chain services, product development, B2B and B2C sales and marketing expertise, offering prospective Janel customers product development, product transportation and logistics, and sales and marketing services.
"This is a great opportunity for us and I am very proud of the experienced team Nick Ferrara, the President of our New Jersey operation and a Director of Janel, has assembled" said James N. Jannello, Chief Executive Officer of Janel. Jannello continued, "Nick and I are excited about the team's ability to close new business generating vertical revenues with higher operating margins where we can potentially buy and sell the product and provide end to end transportation and logistics services, building shareholder value. We will be providing more details on this new initiative in the near future."
Nick Ferrara said, "We are very excited about the organization and the potential for this new business segment. We are creating innovative services that address the inability of many manufacturers to adapt their products to local markets and deal with supply chain issues, such as the continuously shortening of time to market requirements, the decreasing visibility into market demand shifts, and supply chain interruptions. Using our decades of experience will enable manufacturers now, more than ever, to act quickly while maintaining their product's safety, quality, and price."
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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) and a network of independent international agents in approximately 52 countries, 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.
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 http://www.janelgroup.net
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.
SOURCE Janel World Trade, Ltd.