Major General Chuck Swannack Promoted to President & CEO of US Logistics, Inc.

FAYETTEVILLE, N.C., July 19 /PRNewswire/ -- US Logistics, a wholly owned subsidiary of private equity consolidator Ranger International Services Group, announces the promotion of Major General (ret.) Chuck Swannack to President & Chief Executive Officer. Swannack had previously served as the company's Chief Operating Officer. US Logistics is a government outsourcing contractor specialized in tactical vehicle overhauls and repairs, technical staffing, base logistics, and aircraft technical services, headquartered near Fort Bragg, North Carolina. General Swannack retired from the US Army in 2005 after 33 years of service, culminating as the Commander of the fabled 82nd Airborne Division at Fort Bragg. As the new Chief Executive Officer of US Logistics, Swannack will lead the continuing aggressive growth of that award winning company, with constant vigilance on quality, safety, and F.A.R. compliance. US Logistics has strong backing from large institutional shareholders, and a deeply experienced management team at multiple levels which Swannack now leads.

The founder of US Logistics, Mike Boyce, has been promoted by the Board of Directors to Vice Chairman of the company. Mr. Boyce said to all of his employees: "US Logistics is proud to have a leader of Chuck's caliber and experience as our new CEO. As a large stockholder, I am confident in Chuck Swannack's ability to keep growing our high-quality enterprise. Our customers know him and respect him. He knows every nuance of serving the warfighter, and every aspect of the heavy equipment on which we perform technical services. He's got my vote as he takes the reins, and I ask all of our employees and customers to work with Chuck in accomplishing our many common objectives."

Chuck Swannack said: "Our goals remain the same, to serve our customers so they can get their missions done better. Our commitment to our customers and to our own people is simple: to be the best we can be every day. We're growing steadily because our customers are entrusting more and more work to the US Logistics team. US Logistics is very good at its job. We are committed to serving their technical services needs with high quality and cost-effective pricing. I know I speak for all of us in thanking and praising Mike Boyce for creating this remarkable company, and I look forward to his continuing mentorship as our Vice Chairman."

Chuck Swannack has won the respect and confidence of US Logistics' customers, which includes direct prime contracts with DOD agencies as well as subcontracts and teaming arrangements with major prime contractors. He has a widely recognized reputation for taking care of his people and fostering a mission-oriented organization. MG Swannack served in Operation Iraqi Freedom and led elements of the 82nd division in the advance to Baghdad and in the succeeding year in western Iraq. MG Swannack is a 1971 graduate of the United States Military Academy at West Point and served in progressive leadership and staff positions throughout his distinguished career. He also holds a master's degree in engineering from Georgia Tech, graduated from the National War College, and took advanced studies at the John F. Kennedy School at Harvard University. Prior to joining US Logistics, MG Swannack mentored US Army Reserve and Army National Guard senior military leaders in soon to be deployed units to help prepare them for the rigors of combat in both Iraq and Afghanistan.

US Logistics provides technical and labor services in support of US Department of Defense contracts worldwide, with hundreds of its personnel deployed overseas. In addition to tactical wheeled and tracked vehicle MRO services, US Logistics also performs aircraft technical services programs, technical labor services, and contract field teams. US Logistics recently won the largest prime contract in its history with the US Marine Corps, for hundreds of technical jobs overhauling tactical vehicles at the USMC Logistics Base in Barstow, California.

US Logistics operates in the growing military outsourcing arena. The US Government is pursuing competitive sourcing and privatization to free up dollars for its highest priorities, especially modernization. It is within this arena that US Logistics has established its strong reputation for quality, reliability, and cost-effectiveness. In an array of challenging contracts over its history, US Logistics has completed projects in eight countries and 38 states. The company maintains a lean cost model, and is able to offer its Government or Prime Contractor customers an absolute cost advantage combined with measurably superior quality metrics on a consistent and reliable basis.

Ranger International, the parent company, is a privately held investment and management holding company that partners with larger private equity institutions to acquire and grow companies in aviation services and aerospace/defense support operations. Ranger and its co-investors add value to acquired companies via seasoned veterans experienced in an array of aerospace/defense operations, engineering, business services, TQM, marketing, and private equity. The Ranger headquarters office is in Greenville S.C. For more information on US Logistics, please visit www.us-L.com. For information about Ranger and other US Logistics affiliates, visit: www.rangerinternational.com, www.cavint.com, www.rangertechworks.com, or www.rangeraerospace.com.

Forward Looking Statements: The Company from time to time may discuss forward-looking information. Except for factual historical information, all forward looking statements are estimates by the Company's management and are subject to various risks and uncertainties that are beyond the Company's control and may cause actual results to differ materially from management's expectations.

SOURCE US Logistics