CRGO - Cargo Connection Holdings $$$$$$$$$$$$$$$$$


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126 Postings, 6043 Tage Yuppi11CRGO - Cargo Connection Holdings $$$$$$$$$$$$$$$$$

 
  
    #1
2
19.05.08 23:41
CRGO - Strong Buy $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$


Revenues for year ended December 31, 2007: $17,212,765
Revenues for year ended December 31, 2006: $17,927,544
Revenues for year ended December 31, 2005: $14,661,851

From the latest 10k: (period ending 12/31/06, filed 4/04/06)

Revenues generated from the operations
of Cargo Connection Logistics Corp. for the twelve months ended December 31,
2006, were $17,897,214 compared with $13,372,129 for the twelve months ended
December 31, 2005. The majority of the $4,525,085 increase in revenue was
generated from trucking operations. This represents a 34% increase for the same
twelve month period comparing 2006 versus 2005. This increase in Cargo
Connection Logistics Corp.'s revenue was due to (a) an increase in core service
offerings associated with client acceptance of those offerings, (b) expansion in
the New York marketplace which included additional local pick up and delivery
services and (c) the addition of the General Order warehouse operation at JFK
that began in June, 2006. The Company has also continued to expand its customer
base so as not to be as reliant on a few key customers as it had in the past.

REVENUES FOR YEAR ENDED DECEMBER 31, 2005: $14,661,851
REVENUES FOR YEAR ENDED DECEMBER 31, 2006: $17,927,544


Company Business:
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, especially through Chicago, Illinois,
JFK, New York, Miami, Florida or Atlanta, Georgia with service areas throughout the Unites States
and North America.

Mid-Coast Management is a container freight station specifically designed to handle internationally
arriving freight for Mast Industries, the major supplier to Limited Brands, one of the world's
largest multi-brand specialty retailers, as well as many other significant fashion brands. Since
its inception, Mid-Coast Management, Inc. has developed relationships with many other retailers
and works with Freight Forwarders from around the world.


Investment Highlights:
* ChampionLyte Holdings acquired Cargo Connection Logistics Corp. and Mid-Coast Management
* The two New York-based transportation/logistics companies, which were previously privately-held,
had combined 2004 revenues of $18 million and are currently on a run-rate of more than $20 million
for 2005.
* Seasoned management team with the president guiding CRGO from it's infancy.
* The two companies have a total of 87 full-time employees.


Company Profile:
Cargo Connection Logistics Corp. is a transportation logistics provider based in Inwood, NY.
Cargo Connection is engaged primarily in hauling truckload and less-than-truckload (LTL)
shipments of general commodities in both interstate and intrastate commerce. Cargo Connection
operates a domestic and an international logistics operation for all classifications of freight.

The movement of this cargo is accomplished through a network of company drivers and owner-operators
that provide needed resources for the book of business and the operational skill to maintain their
customer base. Cargo Connection provides the back office operation for the companies, allowing
them to focus on the business itself while Cargo Connection deals with the insurance, financial
and regulatory portions of the business.

In addition to its truck operation, Cargo Connection is in the warehouse and distribution movement
of dry goods from its inbound locations at Atlanta, GA; Bensenville, IL; Columbus, OH; Inwood, NY
and Miami, FL to points throughout the United States. These operations enhance the appeal to
entrepreneurial agents mainly because it provides built-in backhauls from primary markets for
their truck operations.

Cargo Connection provides carriers with, amongst a host of other aspects of air carrier handling,
electronic messaging, customer service, surface transportation, ULD control, and collection of
monies.

In the Chicago area, Cargo Connection operates a US Customs Bonded Container Freight Station in
Bensenville, IL. It is a 92,000 sq. ft. facility that also operates as the Midwest trucking
center.

In New York, the USA headquarters, Cargo Connection operates a 105,000-sq. ft. US Customs Bonded
Container Freight Station. At this location, Cargo Connection provides the build-up and breakdown
of air cargo for airlines and freight forwarders. At one time Cargo Connection's largest airline
partner in New York was El-Al Israel Airlines. Cargo Connection provided off Airport pallet
building services for them.

In the southeast Cargo Connection operates a 27,520 sq. ft. US Customs Bonded Container Freight
Station just off the Hartsfield-Jackson International Airport in Atlanta and a 36,000 sq. ft. US
Customs Bonded Container Freight Station in Miami near Miami International Airport. Both operations
serve as trucking operations for the region as well.

In Columbus, Ohio, Cargo Connection currently operates a 52,000 sq. ft. US Customs Bonded Container
Freight Station and trucking operation.

Currently Cargo Connection has a fleet of approximately twenty 5000 pound Yale, Toyota and Komatsu
Forklifts. Most of these trucks is leased with full maintenance agreements to ensure that the
company is never left without the proper equipment. In addition, in those locations where it
handles ULD's for the airlines, Cargo Connection has 15,000 lb. capacity trucks so the loaded
ULD's can be moved efficiently.


Company Services:

air Expedited Trucking Service
A well organized controlled truck service to provide scheduled service for all Airlines from
gateway to door or door to gateway. In most cases packages picked up or delivered to any station
in their system will be delivered to any of their other stations by the following day.

Ocean and Railhead Pickups
A well developed service designed around an air and expedited service to give the company's
customers the advantages of shipping air while paying for ocean service. This service is available
for full containers or LCL from either the railheads or the ocean ports.

Expedited Trucking
Through the use of the company's own equipment, as well a great brokerage department, the company
is able to provide dedicated and dependable service to or from any point in North America,
including Canada and Mexico.

Container Freight station Operations
Through the company's CFS they are able to receive international shipments (air or ocean) and
de-containerize them before they clear United States Customs, while providing different levels
of warehouse and distribution services. This service is currently available in JFK (New York),
CMH (Columbus), MIA (Miami), ORD (Chicago) and ATL (Atlanta).

Break-Bulk distribution Service
Each of the company's terminals are able to receive large shipments or trailer loads to be broken
down and re-shipped to multiple destinations, either cleared or inbond.

Additional Services Provided:
* LTL service from airport to airport (LTL = less-than-truckload)
* LTL service from airport to door
* LTL service from door to airport
* truck load service to anywhere in north america
* specialized equipment (flatbeds, dropdecks, rollerbeds, etc)
* next day service to most destinations
* 24 hour a day, 7 day a week availability
* accurate computerized tracking & tracing
* electronic data interchange (edi) capabilities
* local customer service departments
* knowledgeable courteous customer service agents
* flexible billing options
* low claim ratio
* container freight station operations
* intermodel department for both lcl and full ocean containers.
* high value cargo insurance available


Management:

Jesse Dobrinsky - President and CEO
Jesse was born in 1956. He was raised and educated in New York. Jesse has been
an entrepreneur all of his life. While working his way through college, Jesse
worked as an assistant pharmacist and an assistant manager for Edison Brothers
Shoes. In mid-1978 he and an associate opened a retail stereo shop called Sounds
Incredible. They grew this business until the sales volume was in excess of one
(1) million dollars per year. In 1981, Jesse was enticed into a family
restaurant business where he spent the next year building up the business.
In 1982, Jesse was given the opportunity to open a sales agency for a group of
Midwestern meat haulers. This company was called Coast Dispatch, Inc. It was
started in a small office in Manhattan and its focus was to sell westbound
freight from the Northeastern portion of the United States. As this business
grew, the customers began to inquire about trucks to haul freight throughout the
country. In early 1983 Coast Dispatch, Inc. became an irregular route common
carrier. Over the next twelve years Coast Dispatch, Inc. grew to over 40 company
trucks and ten million dollars in sales.

In 1995 Landstar Inway approached Jesse and asked him to open an Air-Freight
Division for the Landstar group. This division was called Cargo Connection
Logistics. With Jesse at the helm the company grew from less then three million
dollars in sales in 1996 to over five million dollars in sales in 1997. In late
1997, Landstar Inway was directed to refocus on their core business and to
disband any business that was not related to that core business. In 1997, Cargo
Connection Logistics became a non-owned division of ARL and in 1998, did in
excess of eight million dollars in sales. In 1999 the sales volume exceeded
twelve million dollars and Cargo Connection Logistics became the largest
non-owned division of ARL.

Scott Goodman - COO and CFO
Scott was born in 1959. He attended schools in New York and Massachusetts. Scott
holds a Bachelor of Science Degree in Business Administration with a major in
accounting from Northeastern University. He also obtained his MBA from Adelphi
University with majors in International Business and Corporate Finance.

Scott began his career with Norman Goldstein Associates where his primary duties
were as Controller for NGA and as Director of Operations for its subsidiary
company, E & N Plastics. It was at this company that Scott began to travel the
world. In 1983, Scott joined M. Blumenthal Graphics, a New York City printing
house, as Controller and later as Director of Operations.

In 1988, Scott went to work for Lafayette Precision Products. As Controller and
Director of Purchasing, Scott was responsible for overseeing and managing the
installation and implementation of a new computer system. In addition, he was
very involved with developing new procedures for purchasing, inventory control
and financial reporting. When Reichel & Drews bought the company and ultimately
moved the operation to their headquarters in Itasca, IL in 1990, Scott went to
work for Landes Marketing. At Landes Marketing Scott held dual positions as
their Vice President and General Manager. He joined them in order to restructure
their financial debt and reduce costs after heavy losses were sustained by the
Landes family. Landes was a leader in the marketing and distribution of
silver-plated tabletop and giftware. It was in this position that Scott began to
develop a deeper understanding of the import business. One of the vendors Scott
became intimate with was Ben Forman & Sons. In 1992, when Landes Marketing was
being sold, Scott went to work for Ben Forman & Sons where he was responsible
for the financial area of the multi-million dollar manufacturing company. He was
also responsible for the company's related real-estate ventures.

In 1995 Scott Goodman met Jesse Dobrinsky. In late 1995 he went to work for
Coast Dispatch, Inc. as its CFO. In 1996 Scott joined Jesse Dobrinsky at Cargo
Connection Logistics, where they went to work for Landstar Inway.

With Jesse Dobrinsky as President, Scott joined the team as Executive Vice
President. The company grew from less than three million dollars in sales in
1996 to over five million in sales in 1997. In late 1997, Landstar Inway was
directed to refocus on their core business and to disband any business that was
not related to that main business focus. In 1997 Cargo Connection Logistics
became a non-owned division of ARL and in 1998 had sales volumes in excess of
eight million dollars. In 1999 the sales volume exceeded twelve million dollars
and Cargo Connection Logistics became the largest non-owned division of ARL.

John Udell - VP
John was born in 1955. He was raised and educated in New York. John has had an
entrepreneurial spirit his whole life. While working his way through college,
John had many jobs. In 1976, before completing his education, John was called
home from school to help save the family business. Later that year, John became
the Director of the Finishing Division for AMPCO Printing Company.

It became John's responsibility to make sure that jobs were finished properly
and shipped out in a timely manner. While performing this job it became clear to
John that there was a need for and ultimately an opportunity for a trucking
company that could provide expedited service for the printing industry. He took
this concept to a friend and in 1982, Jesse Dobrinsky and John Udell formed a
company called Coast Dispatch, Inc.

John soon found himself intrigued by the growth and opportunity at Coast
Dispatch, Inc. He soon decided to make it his full time career. Over the next 12
years John was very instrumental in the development and growth of Coast
Dispatch, Inc. In 1996, when Jesse departed from the company, John became its
President and began to lead the company into a rebuilding process. It was his
dream to build a regional trucking company that would focus on the New York
Tri-State Area. In 1996, after bringing the company through a major overhaul,
the investors chose to shut down the company. During that last year John had
managed to reduce the debts of Coast Dispatch, Inc. from just over two million
dollars to less than fifty thousand dollars. John spent the balance of the year
closing Coast Dispatch, Inc. and selling off the assets of the company.

In mid-1997, John joined Cargo Connection Logistics as its Director of Container
Freight Station Operations. In that capacity, John managed the two main CFS
operations in New York and Chicago. John also headed up both the Safety &
Compliance and Driver Recruitment Departments.

Recent Press: http://finance.yahoo.com/q?s=CRGO.OB
http://www.cargocon.com/headlines.html
http://studio-5.financialcontent.com/emsnow?Page=QUOTE

 
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126 Postings, 6043 Tage Yuppi11Aus dem Investorshub $$$$$$$$$$$$$$$$

 
  
    #2
19.05.08 23:43

126 Postings, 6043 Tage Yuppi11Bitte schön - Das ist doch was $$$$$$$$$$$$$$$$$

 
  
    #3
19.05.08 23:45
Company Business:
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, especially through Chicago, Illinois,
JFK, New York, Miami, Florida or Atlanta, Georgia with service areas throughout the Unites States
and North America.

Mid-Coast Management is a container freight station specifically designed to handle internationally
arriving freight for Mast Industries, the major supplier to Limited Brands, one of the world's
largest multi-brand specialty retailers, as well as many other significant fashion brands. Since
its inception, Mid-Coast Management, Inc. has developed relationships with many other retailers
and works with Freight Forwarders from around the world.


Investment Highlights:
* ChampionLyte Holdings acquired Cargo Connection Logistics Corp. and Mid-Coast Management
* The two New York-based transportation/logistics companies, which were previously privately-held,
had combined 2004 revenues of $18 million and are currently on a run-rate of more than $20 million
for 2005.
* Seasoned management team with the president guiding CRGO from it's infancy.
* The two companies have a total of 87 full-time employees.


Company Profile:
Cargo Connection Logistics Corp. is a transportation logistics provider based in Inwood, NY.
Cargo Connection is engaged primarily in hauling truckload and less-than-truckload (LTL)
shipments of general commodities in both interstate and intrastate commerce. Cargo Connection
operates a domestic and an international logistics operation for all classifications of freight.

The movement of this cargo is accomplished through a network of company drivers and owner-operators
that provide needed resources for the book of business and the operational skill to maintain their
customer base. Cargo Connection provides the back office operation for the companies, allowing
them to focus on the business itself while Cargo Connection deals with the insurance, financial
and regulatory portions of the business.

In addition to its truck operation, Cargo Connection is in the warehouse and distribution movement
of dry goods from its inbound locations at Atlanta, GA; Bensenville, IL; Columbus, OH; Inwood, NY
and Miami, FL to points throughout the United States. These operations enhance the appeal to
entrepreneurial agents mainly because it provides built-in backhauls from primary markets for
their truck operations.

Cargo Connection provides carriers with, amongst a host of other aspects of air carrier handling,
electronic messaging, customer service, surface transportation, ULD control, and collection of
monies.

In the Chicago area, Cargo Connection operates a US Customs Bonded Container Freight Station in
Bensenville, IL. It is a 92,000 sq. ft. facility that also operates as the Midwest trucking
center.

In New York, the USA headquarters, Cargo Connection operates a 105,000-sq. ft. US Customs Bonded
Container Freight Station. At this location, Cargo Connection provides the build-up and breakdown
of air cargo for airlines and freight forwarders. At one time Cargo Connection's largest airline
partner in New York was El-Al Israel Airlines. Cargo Connection provided off Airport pallet
building services for them.

In the southeast Cargo Connection operates a 27,520 sq. ft. US Customs Bonded Container Freight
Station just off the Hartsfield-Jackson International Airport in Atlanta and a 36,000 sq. ft. US
Customs Bonded Container Freight Station in Miami near Miami International Airport. Both operations
serve as trucking operations for the region as well.

In Columbus, Ohio, Cargo Connection currently operates a 52,000 sq. ft. US Customs Bonded Container
Freight Station and trucking operation.

Currently Cargo Connection has a fleet of approximately twenty 5000 pound Yale, Toyota and Komatsu
Forklifts. Most of these trucks is leased with full maintenance agreements to ensure that the
company is never left without the proper equipment. In addition, in those locations where it
handles ULD's for the airlines, Cargo Connection has 15,000 lb. capacity trucks so the loaded
ULD's can be moved efficiently.


Company Services:

air Expedited Trucking Service
A well organized controlled truck service to provide scheduled service for all Airlines from
gateway to door or door to gateway. In most cases packages picked up or delivered to any station
in their system will be delivered to any of their other stations by the following day.

Ocean and Railhead Pickups
A well developed service designed around an air and expedited service to give the company's
customers the advantages of shipping air while paying for ocean service. This service is available
for full containers or LCL from either the railheads or the ocean ports.

Expedited Trucking
Through the use of the company's own equipment, as well a great brokerage department, the company
is able to provide dedicated and dependable service to or from any point in North America,
including Canada and Mexico.

Container Freight station Operations
Through the company's CFS they are able to receive international shipments (air or ocean) and
de-containerize them before they clear United States Customs, while providing different levels
of warehouse and distribution services. This service is currently available in JFK (New York),
CMH (Columbus), MIA (Miami), ORD (Chicago) and ATL (Atlanta).

Break-Bulk distribution Service
Each of the company's terminals are able to receive large shipments or trailer loads to be broken
down and re-shipped to multiple destinations, either cleared or inbond.

Additional Services Provided:
* LTL service from airport to airport (LTL = less-than-truckload)
* LTL service from airport to door
* LTL service from door to airport
* truck load service to anywhere in north america
* specialized equipment (flatbeds, dropdecks, rollerbeds, etc)
* next day service to most destinations
* 24 hour a day, 7 day a week availability
* accurate computerized tracking & tracing
* electronic data interchange (edi) capabilities
* local customer service departments
* knowledgeable courteous customer service agents
* flexible billing options
* low claim ratio
* container freight station operations
* intermodel department for both lcl and full ocean containers.
* high value cargo insurance available


Management:

Jesse Dobrinsky - President and CEO
Jesse was born in 1956. He was raised and educated in New York. Jesse has been
an entrepreneur all of his life. While working his way through college, Jesse
worked as an assistant pharmacist and an assistant manager for Edison Brothers
Shoes. In mid-1978 he and an associate opened a retail stereo shop called Sounds
Incredible. They grew this business until the sales volume was in excess of one
(1) million dollars per year. In 1981, Jesse was enticed into a family
restaurant business where he spent the next year building up the business.
In 1982, Jesse was given the opportunity to open a sales agency for a group of
Midwestern meat haulers. This company was called Coast Dispatch, Inc. It was
started in a small office in Manhattan and its focus was to sell westbound
freight from the Northeastern portion of the United States. As this business
grew, the customers began to inquire about trucks to haul freight throughout the
country. In early 1983 Coast Dispatch, Inc. became an irregular route common
carrier. Over the next twelve years Coast Dispatch, Inc. grew to over 40 company
trucks and ten million dollars in sales.

In 1995 Landstar Inway approached Jesse and asked him to open an Air-Freight
Division for the Landstar group. This division was called Cargo Connection
Logistics. With Jesse at the helm the company grew from less then three million
dollars in sales in 1996 to over five million dollars in sales in 1997. In late
1997, Landstar Inway was directed to refocus on their core business and to
disband any business that was not related to that core business. In 1997, Cargo
Connection Logistics became a non-owned division of ARL and in 1998, did in
excess of eight million dollars in sales. In 1999 the sales volume exceeded
twelve million dollars and Cargo Connection Logistics became the largest
non-owned division of ARL.

Scott Goodman - COO and CFO
Scott was born in 1959. He attended schools in New York and Massachusetts. Scott
holds a Bachelor of Science Degree in Business Administration with a major in
accounting from Northeastern University. He also obtained his MBA from Adelphi
University with majors in International Business and Corporate Finance.

Scott began his career with Norman Goldstein Associates where his primary duties
were as Controller for NGA and as Director of Operations for its subsidiary
company, E & N Plastics. It was at this company that Scott began to travel the
world. In 1983, Scott joined M. Blumenthal Graphics, a New York City printing
house, as Controller and later as Director of Operations.

In 1988, Scott went to work for Lafayette Precision Products. As Controller and
Director of Purchasing, Scott was responsible for overseeing and managing the
installation and implementation of a new computer system. In addition, he was
very involved with developing new procedures for purchasing, inventory control
and financial reporting. When Reichel & Drews bought the company and ultimately
moved the operation to their headquarters in Itasca, IL in 1990, Scott went to
work for Landes Marketing. At Landes Marketing Scott held dual positions as
their Vice President and General Manager. He joined them in order to restructure
their financial debt and reduce costs after heavy losses were sustained by the
Landes family. Landes was a leader in the marketing and distribution of
silver-plated tabletop and giftware. It was in this position that Scott began to
develop a deeper understanding of the import business. One of the vendors Scott
became intimate with was Ben Forman & Sons. In 1992, when Landes Marketing was
being sold, Scott went to work for Ben Forman & Sons where he was responsible
for the financial area of the multi-million dollar manufacturing company. He was
also responsible for the company's related real-estate ventures.

In 1995 Scott Goodman met Jesse Dobrinsky. In late 1995 he went to work for
Coast Dispatch, Inc. as its CFO. In 1996 Scott joined Jesse Dobrinsky at Cargo
Connection Logistics, where they went to work for Landstar Inway.

With Jesse Dobrinsky as President, Scott joined the team as Executive Vice
President. The company grew from less than three million dollars in sales in
1996 to over five million in sales in 1997. In late 1997, Landstar Inway was
directed to refocus on their core business and to disband any business that was
not related to that main business focus. In 1997 Cargo Connection Logistics
became a non-owned division of ARL and in 1998 had sales volumes in excess of
eight million dollars. In 1999 the sales volume exceeded twelve million dollars
and Cargo Connection Logistics became the largest non-owned division of ARL.

John Udell - VP
John was born in 1955. He was raised and educated in New York. John has had an
entrepreneurial spirit his whole life. While working his way through college,
John had many jobs. In 1976, before completing his education, John was called
home from school to help save the family business. Later that year, John became
the Director of the Finishing Division for AMPCO Printing Company.

It became John's responsibility to make sure that jobs were finished properly
and shipped out in a timely manner. While performing this job it became clear to
John that there was a need for and ultimately an opportunity for a trucking
company that could provide expedited service for the printing industry. He took
this concept to a friend and in 1982, Jesse Dobrinsky and John Udell formed a
company called Coast Dispatch, Inc.

John soon found himself intrigued by the growth and opportunity at Coast
Dispatch, Inc. He soon decided to make it his full time career. Over the next 12
years John was very instrumental in the development and growth of Coast
Dispatch, Inc. In 1996, when Jesse departed from the company, John became its
President and began to lead the company into a rebuilding process. It was his
dream to build a regional trucking company that would focus on the New York
Tri-State Area. In 1996, after bringing the company through a major overhaul,
the investors chose to shut down the company. During that last year John had
managed to reduce the debts of Coast Dispatch, Inc. from just over two million
dollars to less than fifty thousand dollars. John spent the balance of the year
closing Coast Dispatch, Inc. and selling off the assets of the company.

In mid-1997, John joined Cargo Connection Logistics as its Director of Container
Freight Station Operations. In that capacity, John managed the two main CFS
operations in New York and Chicago. John also headed up both the Safety &
Compliance and Driver Recruitment Departments.

Recent Press: http://finance.yahoo.com/q?s=CRGO.OB
http://www.cargocon.com/headlines.html
http://studio-5.financialcontent.com/emsnow?Page=QUOTE  

126 Postings, 6043 Tage Yuppi11Noch besser $$$$$$$$$$$$$$

 
  
    #4
19.05.08 23:46
Cargo Connection Logistics Holding, Inc. Announces $4.5 Million Debt Relief in Connection With Disposition of Primary Business
Monday May 19, 2:35 pm ET

Three Subsidiaries Remain With Slimmed-Down Company

INWOOD, NY--(MARKET WIRE)--May 19, 2008 -- Cargo Connection Logistics Holding, Inc. (OTC BB:CRGO.OB - News) (Berlin:CD6.BE - News) (Frankfurt:CD6.F - News) (Frankfurt:217026.F - News) announced that it has achieved significant relief from its secured debt in connection with a foreclosure by the secured creditor. In April, the Company's largest secured creditor, YA Global Advisors, had assigned its interest to Pacer Logistics, LLC, a subsidiary of Pacer Health Corporation. On April 29, 2008, Pacer Logistics informed the Company that it intended to foreclose on certain of the Company's assets. On May 13, 2008, the Company and Pacer Logistics entered into a Strict Foreclosure and Transfer Agreement, pursuant to which the Company acknowledged that it is in default of certain obligations, in the aggregate amount of $3,670,389 to Pacer, as assignee of all right, title and interest of YA Global Investments, LP ("YA Global"), including as assignee of Montgomery Equity Partners Ltd. ("Montgomery"), with respect to the Cargo Companies' obligations (collectively the "Outstanding Obligations") under the:


-- Secured Convertible Debenture, dated December 28, 2005, issued to
Montgomery in the principal amount of $1,750,000;
-- Investor Rights Registration Agreement, dated December 28, 2005, by
and between the Company and Montgomery.
-- Secured Convertible Debenture, dated February 13, 2006, issued to
Montgomery in the principal amount of $600,000;
-- Security Agreements, dated December 28, 2005, whereby the Company and
certain of its subsidiaries secured obligations to Montgomery in the amount
of $2,350,000; and
-- Secured Convertible Debenture, dated November 17, 2007, issued to YA
Global, in the principal amount of $46,500 (the "YA Global Debenture").

The Outstanding Obligations are secured by certain assets of the Cargo Companies. Pursuant to the Strict Foreclosure Agreement and a related assumption agreement, all of the Outstanding Obligations have been extinguished, and Pacer foreclosed on substantially all the operating assets of the Company and Cargo Connection and assumed certain liabilities of the Company, Cargo Connection and Cargo International, including:


-- all obligations to Wells Fargo Bank, National Association;
-- the obligations to HSBC Bank in connection with the HSBC Loan,
including in connection with all collateral provided in connection
therewith; and
-- the obligations to U.S. Small Business Administration pursuant to a
loan.

As a result of this foreclosure, the Company's operations will be severely curtailed, and now will consist only of:


-- Cargo Connection Logistics - International, Inc. and its assets;
-- Nuclear Material Detection Technologies, Inc. and its assets;
-- Independent Transportation Group, LLC. and its assets; and
-- the stock of Cargo Connection Logistics Corp., without its former
assets.

Scott Goodman, the Company's Chief Financial Officer, commented that "ever since the Company's acquisition of Cargo Connection Logistics Holding, Inc. three years ago, we have strived to refinance or otherwise satisfy the legacy financing of the Company. Pacer Logistics' decision to foreclose on the assets of Cargo Connection Logistics Corp. has fully satisfied the Company's debt, and has also allowed the Company to dispose of an additional $1,000,000 of debt, thus allowing the Company to be relieved of more than $4.5 million of debt. This has dramatically improved our balance sheet, as well as a huge overhang on our stock. "

Goodman continued his comments to state that "the Company remains a fully reporting public company and that our stock will continue to trade on the Over the Counter Bulletin Board, and our continuing business consists of:

-- Cargo Connection Logistics - International, Inc. (Cargo International), our Chicago-based international cargo business

-- Independent Transportation Group, LLC (ITG), a joint venture with EmplifyHR Services, Inc., a Florida corporation, in which the Company owns a majority interest

-- Nuclear Material Detection Technologies, Inc. (NMDT), our development stage radiation detection product business; and

-- Cargo Connection Logistics Corp., without its legacy assets."

As a result of the foreclosure by Pacer on substantially all of assets of Cargo Connection, the Company expects its future revenues to decline significantly. As a result, despite related decrease in debt and operating expenses, the Company expects to generate losses from operations unless and until the Cargo International operations and other operations begin to generate positive cash flows in amounts exceeding the Company's overhead as a public company.

The Company believes it is beginning to see the results of two handling agreements it has obtained for Cargo International's Illinois facility that became effective during the second quarter of 2007. The Company's Cargo International operation has begun to generate revenues, but in light of the foreclosure it will need to continue to increase the revenue stream from its operations for the Company to remain viable.

In order to maintain operating stability or growth over next year, management believes that the Company will still have to manage many conditions, other than the loss of the Cargo Connection business, which are outside of its control, such as a general decrease in demand for consumer products within the domestic economy, which decreases demand for shipping, along with higher energy costs, including fuel for the transportation-related equipment and the energy required to operate our facilities.

We intend to seek out and to expand our existing business and to acquire additional businesses, which we believe with our much improved balance sheet will make the Company more attractive to the investment community.

About Cargo Connection Logistics Holding, Inc.

The Company, through its subsidiary Cargo Connection Logistics - International, Inc., is in the world trade logistics business. The Company headquarters is in Inwood, NY, and it also has an office in Chicago, IL.

The Company through its majority owned subsidiary ITG, believes that it will attract independent contractors and other carriers to perform work on behalf of the Company, and thus to assist the Company through increasing the size and scope of its driver fleet, while offering agents comprehensive packages for medical insurance, profit sharing plans, as well as other benefits for themselves as well as their driver pool.

The Company, through its subsidiary NMDT, holds a license to a patented portable nuclear material detecting technology and is in the process of developing, with the licensor, a market-ready nuclear radiation detection device, called RadRope(TM), which inspectors at transportation hubs can utilize to rapidly detect the presence of nuclear material in sealed containers without the use of harmful x-rays, to service the logistics, transportation and general cargo industries.

Future-Looking Statements Safe Harbor

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 operations will be severely curtailed as a result of the
foreclosure by Pacer on substantially all the assets of Cargo Connection
-- the ability to operate in compliance with the terms of its financing
facilities (particularly the financial covenants), leases and other
agreements
-- the ability to maintain adequate liquidity and produce sufficient cash
flow to meet the Company's needs
-- the ability to attract and retain qualified management and other
personnel
-- the number and magnitude of customers, particularly in our Cargo
International operations
-- changes in the competitive environment in which the Company operates
-- changes in, or the failure to comply with, government and regulatory
policies
-- the ability to obtain regulatory approvals and to maintain approvals
previously granted
-- uncertainty relating to economic conditions generally and particularly
affecting the markets in which the Company operates
-- changes in the Company's business strategy, development plans or cost
savings plans
-- the Company's ability to complete the development of, market and sell
the RadRope(TM) product
-- the Company requires additional financing in order to complete the
acquisition of Fleet Global Services, Inc., a Florida corporation, and may
not be able to obtain such financing
-- the Company's letter of intent with Fleet has expired, and it is
unlikely that the Company would be able to complete that acquisition even
if financing could be obtained
-- the ability to complete acquisitions or divestitures and to integrate
any business or operation acquired
-- the ability to enter into strategic alliances or other business
relationships
-- the ability to overcome significant operating losses
-- the ability to reduce costs, particularly in our Cargo International
operations
-- the ability to develop products and services and to penetrate existing
and new markets
-- the Company is delinquent in filing certain tax returns
-- technological and other developments and changes in the industry


Contact:

Contact:
Peter Nasca
Peter Nasca Associates, Inc.
954-473-0677 Ft. Lauderdale
312-527-1044 Chicago


Source: Cargo Connection Logistics Holding, Inc.  

126 Postings, 6043 Tage Yuppi11Fein

 
  
    #5
19.05.08 23:49
Posted by: Blind Bus Driver
In reply to: heeheehee who wrote msg# 3986 Date:5/19/2008 4:01:00 PM
Post #of 3990

As per the PR, this is what's left:

"...our continuing business consists of:

-- Cargo Connection Logistics - International, Inc. (Cargo International), our Chicago-based international cargo business

-- Independent Transportation Group, LLC (ITG), a joint venture with EmplifyHR Services, Inc., a Florida corporation, in which the Company owns a majority interest

-- Nuclear Material Detection Technologies, Inc. (NMDT), our development stage radiation detection product business; and

-- Cargo Connection Logistics Corp., without its legacy assets."


So where would you see Fleet fitting in? Certainly not the International operation or the Radrope operations. And they only own a part of ITG so they probably have no direct role there. But they still have the NAME of Cargo Connection Logictics.

I just don't see a PLACE for Fleet in what's left. Do you think they would start a whole new division with it?



Posted by: sludgehound
In reply to: None Date:5/19/2008 1:55:03 PM
Post #of 3991

Pacer Logistics Completes Acquisition of Cargo Connection's AssetsPACER HEALTH CORP PHLH | 5/19/2008 11:02:01 AMNew Market Entry Expands Portfolio, Extends Reach

MIAMI, May 19, 2008 (BUSINESS WIRE) --
Pacer Logistics LLC, a wholly owned subsidiary of Pacer Health Corporation (OTCBB:PHLH) ("Pacer"), today announced the asset acquisition of Cargo Connection Logistics Corporation. Cargo Connection, based in Inwood, NY, is a transportation and logistics provider for import and export shipments with several terminals and US Bonded Container Freight Stations across the country.

Cargo Connection generates approximately $17 million in top line revenue providing warehousing, trucking and air freight, and distribution and logistics services through the United States. The acquisition marks Pacer's entry into new turnaround market segments under its recently announced subsidiary, Pacer Logistics LLC.

"The Cargo Connection acquisition enhances the long-term, strategic value we can deliver to our current and prospective shareholders," said Rainier Gonzalez, chairman and chief executive officer of Pacer Health Corporation. "The acquisition provides new market and revenue opportunities for our shareholders."

"Acquiring a financially distressed business requires a unique combination of sophisticated analysis and strategic thinking. Our ability to recognize the intrinsic value in struggling companies is the basis for our new market entry into non-healthcare segments," added John Chi, Pacer's chief financial officer.

The logistics assets Pacer acquired include intellectual property, warehouse leases and General Order Bonded warehouse licenses among other items. This latest acquisition provides Pacer with a presence in the transportation, logistics, and warehousing market segment and expands its transportation product and services portfolio as it advances with plans to integrate acquired assets into its portfolio.

"We are excited about the addition of Cargo Connection's assets to our portfolio. The acquisition will increase our top line revenue and potential future earning power," said Tina Vidal, Pacer's chief operating officer of its non-medical division. "Furthermore, this acquisition has solidified our commitment to protecting our shareholders through the expansion into other industries."

About Pacer Health Corporation

Pacer Health Corporation is a company that focuses on financially distressed businesses in all market segments including and beyond the healthcare arena. Pacer is an owner-operator of acute care hospitals, medical treatment centers and psychiatric care facilities serving non-urban areas throughout the Southeast as well as a transportation and logistics division that provides trucking/air freight, warehousing and distribution and logistics services throughout the United States. Please visit http://www.pacerhealth.com for more information.

"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. They are only predictions and may differ materially from actual future results or events. Pacer Health disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise. Important risk factors - including, but not limited to risks associated with changes in general economic and business conditions (including in the IT and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of market acceptance of our services, and changes in our business strategies - could cause actual results to differ from those contained in forward-looking statements.

SOURCE: Pacer Health Corporation

For Pacer Health Corporation, Miami HRB Communications Heather Radi, 305-763-0888 heather@hrbcommunications.com

Copyright Business Wire 2008  
Angehängte Grafik:
crgochart.png (verkleinert auf 82%) vergrößern
crgochart.png

126 Postings, 6043 Tage Yuppi11Pacer Logistics Compl. Acquis.of Cargo Connnection

 
  
    #6
20.05.08 00:59
Posted by: sludgehound  
In reply to: None Date:5/19/2008 1:55:03 PM
Post #of 3996

Pacer Logistics Completes Acquisition of Cargo Connection's AssetsPACER HEALTH CORP PHLH | 5/19/2008 11:02:01 AMNew Market Entry Expands Portfolio, Extends Reach

MIAMI, May 19, 2008 (BUSINESS WIRE) --
Pacer Logistics LLC, a wholly owned subsidiary of Pacer Health Corporation (OTCBB:PHLH) ("Pacer"), today announced the asset acquisition of Cargo Connection Logistics Corporation. Cargo Connection, based in Inwood, NY, is a transportation and logistics provider for import and export shipments with several terminals and US Bonded Container Freight Stations across the country.

Cargo Connection generates approximately $17 million in top line revenue providing warehousing, trucking and air freight, and distribution and logistics services through the United States. The acquisition marks Pacer's entry into new turnaround market segments under its recently announced subsidiary, Pacer Logistics LLC.

"The Cargo Connection acquisition enhances the long-term, strategic value we can deliver to our current and prospective shareholders," said Rainier Gonzalez, chairman and chief executive officer of Pacer Health Corporation. "The acquisition provides new market and revenue opportunities for our shareholders."

"Acquiring a financially distressed business requires a unique combination of sophisticated analysis and strategic thinking. Our ability to recognize the intrinsic value in struggling companies is the basis for our new market entry into non-healthcare segments," added John Chi, Pacer's chief financial officer.

The logistics assets Pacer acquired include intellectual property, warehouse leases and General Order Bonded warehouse licenses among other items. This latest acquisition provides Pacer with a presence in the transportation, logistics, and warehousing market segment and expands its transportation product and services portfolio as it advances with plans to integrate acquired assets into its portfolio.

"We are excited about the addition of Cargo Connection's assets to our portfolio. The acquisition will increase our top line revenue and potential future earning power," said Tina Vidal, Pacer's chief operating officer of its non-medical division. "Furthermore, this acquisition has solidified our commitment to protecting our shareholders through the expansion into other industries."

About Pacer Health Corporation

Pacer Health Corporation is a company that focuses on financially distressed businesses in all market segments including and beyond the healthcare arena. Pacer is an owner-operator of acute care hospitals, medical treatment centers and psychiatric care facilities serving non-urban areas throughout the Southeast as well as a transportation and logistics division that provides trucking/air freight, warehousing and distribution and logistics services throughout the United States. Please visit http://www.pacerhealth.com for more information.

"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. They are only predictions and may differ materially from actual future results or events. Pacer Health disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise. Important risk factors - including, but not limited to risks associated with changes in general economic and business conditions (including in the IT and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of market acceptance of our services, and changes in our business strategies - could cause actual results to differ from those contained in forward-looking statements.

SOURCE: Pacer Health Corporation

For Pacer Health Corporation, Miami HRB Communications Heather Radi, 305-763-0888 heather@hrbcommunications.com

Copyright Business Wire 2008

 

126 Postings, 6043 Tage Yuppi11CRGO - Strong Buy $$

 
  
    #7
20.05.08 01:02

126 Postings, 6043 Tage Yuppi11CRGO Announces $4.5 Million Debt Relief in $$

 
  
    #8
20.05.08 01:13
Posted by: gamood  
In reply to: sludgehound  who wrote msg# 3982 Date:5/19/2008 2:48:03 PM
Post #of 3996

Cargo Connection Logistics Holding, Inc. Announces $4.5 Million Debt Relief in Connection With Disposition of Primary Business
Monday May 19, 2:35 pm ET

Three Subsidiaries Remain With Slimmed-Down Company

INWOOD, NY--(MARKET WIRE)--May 19, 2008 -- Cargo Connection Logistics Holding, Inc. (OTC BB:CRGO.OB - News) (Berlin:CD6.BE - News) (Frankfurt:CD6.F - News) (Frankfurt:217026.F - News) announced that it has achieved significant relief from its secured debt in connection with a foreclosure by the secured creditor. In April, the Company's largest secured creditor, YA Global Advisors, had assigned its interest to Pacer Logistics, LLC, a subsidiary of Pacer Health Corporation. On April 29, 2008, Pacer Logistics informed the Company that it intended to foreclose on certain of the Company's assets. On May 13, 2008, the Company and Pacer Logistics entered into a Strict Foreclosure and Transfer Agreement, pursuant to which the Company acknowledged that it is in default of certain obligations, in the aggregate amount of $3,670,389 to Pacer, as assignee of all right, title and interest of YA Global Investments, LP ("YA Global"), including as assignee of Montgomery Equity Partners Ltd. ("Montgomery"), with respect to the Cargo Companies' obligations (collectively the "Outstanding Obligations") under the:


-- Secured Convertible Debenture, dated December 28, 2005, issued to
Montgomery in the principal amount of $1,750,000;
-- Investor Rights Registration Agreement, dated December 28, 2005, by
and between the Company and Montgomery.
-- Secured Convertible Debenture, dated February 13, 2006, issued to
Montgomery in the principal amount of $600,000;
-- Security Agreements, dated December 28, 2005, whereby the Company and
certain of its subsidiaries secured obligations to Montgomery in the amount
of $2,350,000; and
-- Secured Convertible Debenture, dated November 17, 2007, issued to YA
Global, in the principal amount of $46,500 (the "YA Global Debenture").

The Outstanding Obligations are secured by certain assets of the Cargo Companies. Pursuant to the Strict Foreclosure Agreement and a related assumption agreement, all of the Outstanding Obligations have been extinguished, and Pacer foreclosed on substantially all the operating assets of the Company and Cargo Connection and assumed certain liabilities of the Company, Cargo Connection and Cargo International, including:


-- all obligations to Wells Fargo Bank, National Association;
-- the obligations to HSBC Bank in connection with the HSBC Loan,
including in connection with all collateral provided in connection
therewith; and
-- the obligations to U.S. Small Business Administration pursuant to a
loan.

As a result of this foreclosure, the Company's operations will be severely curtailed, and now will consist only of:


-- Cargo Connection Logistics - International, Inc. and its assets;
-- Nuclear Material Detection Technologies, Inc. and its assets;
-- Independent Transportation Group, LLC. and its assets; and
-- the stock of Cargo Connection Logistics Corp., without its former
assets.

Scott Goodman, the Company's Chief Financial Officer, commented that "ever since the Company's acquisition of Cargo Connection Logistics Holding, Inc. three years ago, we have strived to refinance or otherwise satisfy the legacy financing of the Company. Pacer Logistics' decision to foreclose on the assets of Cargo Connection Logistics Corp. has fully satisfied the Company's debt, and has also allowed the Company to dispose of an additional $1,000,000 of debt, thus allowing the Company to be relieved of more than $4.5 million of debt. This has dramatically improved our balance sheet, as well as a huge overhang on our stock. "

Goodman continued his comments to state that "the Company remains a fully reporting public company and that our stock will continue to trade on the Over the Counter Bulletin Board, and our continuing business consists of:

-- Cargo Connection Logistics - International, Inc. (Cargo International), our Chicago-based international cargo business

-- Independent Transportation Group, LLC (ITG), a joint venture with EmplifyHR Services, Inc., a Florida corporation, in which the Company owns a majority interest

-- Nuclear Material Detection Technologies, Inc. (NMDT), our development stage radiation detection product business; and

-- Cargo Connection Logistics Corp., without its legacy assets."

As a result of the foreclosure by Pacer on substantially all of assets of Cargo Connection, the Company expects its future revenues to decline significantly. As a result, despite related decrease in debt and operating expenses, the Company expects to generate losses from operations unless and until the Cargo International operations and other operations begin to generate positive cash flows in amounts exceeding the Company's overhead as a public company.

The Company believes it is beginning to see the results of two handling agreements it has obtained for Cargo International's Illinois facility that became effective during the second quarter of 2007. The Company's Cargo International operation has begun to generate revenues, but in light of the foreclosure it will need to continue to increase the revenue stream from its operations for the Company to remain viable.

In order to maintain operating stability or growth over next year, management believes that the Company will still have to manage many conditions, other than the loss of the Cargo Connection business, which are outside of its control, such as a general decrease in demand for consumer products within the domestic economy, which decreases demand for shipping, along with higher energy costs, including fuel for the transportation-related equipment and the energy required to operate our facilities.

We intend to seek out and to expand our existing business and to acquire additional businesses, which we believe with our much improved balance sheet will make the Company more attractive to the investment community.

About Cargo Connection Logistics Holding, Inc.

The Company, through its subsidiary Cargo Connection Logistics - International, Inc., is in the world trade logistics business. The Company headquarters is in Inwood, NY, and it also has an office in Chicago, IL.

The Company through its majority owned subsidiary ITG, believes that it will attract independent contractors and other carriers to perform work on behalf of the Company, and thus to assist the Company through increasing the size and scope of its driver fleet, while offering agents comprehensive packages for medical insurance, profit sharing plans, as well as other benefits for themselves as well as their driver pool.

The Company, through its subsidiary NMDT, holds a license to a patented portable nuclear material detecting technology and is in the process of developing, with the licensor, a market-ready nuclear radiation detection device, called RadRope(TM), which inspectors at transportation hubs can utilize to rapidly detect the presence of nuclear material in sealed containers without the use of harmful x-rays, to service the logistics, transportation and general cargo industries.

Future-Looking Statements Safe Harbor

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 operations will be severely curtailed as a result of the
foreclosure by Pacer on substantially all the assets of Cargo Connection
-- the ability to operate in compliance with the terms of its financing
facilities (particularly the financial covenants), leases and other
agreements
-- the ability to maintain adequate liquidity and produce sufficient cash
flow to meet the Company's needs
-- the ability to attract and retain qualified management and other
personnel
-- the number and magnitude of customers, particularly in our Cargo
International operations
-- changes in the competitive environment in which the Company operates
-- changes in, or the failure to comply with, government and regulatory
policies
-- the ability to obtain regulatory approvals and to maintain approvals
previously granted
-- uncertainty relating to economic conditions generally and particularly
affecting the markets in which the Company operates
-- changes in the Company's business strategy, development plans or cost
savings plans
-- the Company's ability to complete the development of, market and sell
the RadRope(TM) product
-- the Company requires additional financing in order to complete the
acquisition of Fleet Global Services, Inc., a Florida corporation, and may
not be able to obtain such financing
-- the Company's letter of intent with Fleet has expired, and it is
unlikely that the Company would be able to complete that acquisition even
if financing could be obtained
-- the ability to complete acquisitions or divestitures and to integrate
any business or operation acquired
-- the ability to enter into strategic alliances or other business
relationships
-- the ability to overcome significant operating losses
-- the ability to reduce costs, particularly in our Cargo International
operations
-- the ability to develop products and services and to penetrate existing
and new markets
-- the Company is delinquent in filing certain tax returns
-- technological and other developments and changes in the industry


Contact:

Contact:
Peter Nasca
Peter Nasca Associates, Inc.
954-473-0677 Ft. Lauderdale
312-527-1044 Chicago


Source: Cargo Connection Logistics Holding, Inc.

 

126 Postings, 6043 Tage Yuppi11u-d Nice CRGO chart eom

 
  
    #9
20.05.08 09:44
u-d Nice CRGO chart eom
 

126 Postings, 6043 Tage Yuppi11CRGO - Die nächste Rakete $$ - Strong Buy $$

 
  
    #10
20.05.08 16:59
So lange Vorrat reicht. He He  

126 Postings, 6043 Tage Yuppi11CRGO - Strong Buy $$

 
  
    #11
20.05.08 17:43

268 Postings, 6826 Tage admiral_rach, jetzt hast scho ne neue

 
  
    #12
1
20.05.08 17:49
und so riesige pakete gehen hier über den tisch, hier mal gleich eines der

größten

17:20:25   0,0006   230000  =  1380 Dollar ~ 890Euro

Wahnsinn, da steigen ja richtig die Großinvestoren ein .  :-)))))))))  

126 Postings, 6043 Tage Yuppi11BLDV $ CRGO sind meine Top - Favoriten $$$ HMMMM $

 
  
    #13
20.05.08 18:15

126 Postings, 6043 Tage Yuppi11Pacer Logistics Compl.Acquis. of Cargo Connections

 
  
    #14
20.05.08 18:27
Pacer Logistics Completes Acquisition of Cargo Connection's AssetsPACER HEALTH CORP PHLH | 5/19/2008 11:02:01 AMNew Market Entry Expands Portfolio, Extends Reach

MIAMI, May 19, 2008 (BUSINESS WIRE) --
Pacer Logistics LLC, a wholly owned subsidiary of Pacer Health Corporation (OTCBB:PHLH) ("Pacer"), today announced the asset acquisition of Cargo Connection Logistics Corporation. Cargo Connection, based in Inwood, NY, is a transportation and logistics provider for import and export shipments with several terminals and US Bonded Container Freight Stations across the country.

Cargo Connection generates approximately $17 million in top line revenue providing warehousing, trucking and air freight, and distribution and logistics services through the United States. The acquisition marks Pacer's entry into new turnaround market segments under its recently announced subsidiary, Pacer Logistics LLC.

"The Cargo Connection acquisition enhances the long-term, strategic value we can deliver to our current and prospective shareholders," said Rainier Gonzalez, chairman and chief executive officer of Pacer Health Corporation. "The acquisition provides new market and revenue opportunities for our shareholders."

"Acquiring a financially distressed business requires a unique combination of sophisticated analysis and strategic thinking. Our ability to recognize the intrinsic value in struggling companies is the basis for our new market entry into non-healthcare segments," added John Chi, Pacer's chief financial officer.

The logistics assets Pacer acquired include intellectual property, warehouse leases and General Order Bonded warehouse licenses among other items. This latest acquisition provides Pacer with a presence in the transportation, logistics, and warehousing market segment and expands its transportation product and services portfolio as it advances with plans to integrate acquired assets into its portfolio.

"We are excited about the addition of Cargo Connection's assets to our portfolio. The acquisition will increase our top line revenue and potential future earning power," said Tina Vidal, Pacer's chief operating officer of its non-medical division. "Furthermore, this acquisition has solidified our commitment to protecting our shareholders through the expansion into other industries."

About Pacer Health Corporation

Pacer Health Corporation is a company that focuses on financially distressed businesses in all market segments including and beyond the healthcare arena. Pacer is an owner-operator of acute care hospitals, medical treatment centers and psychiatric care facilities serving non-urban areas throughout the Southeast as well as a transportation and logistics division that provides trucking/air freight, warehousing and distribution and logistics services throughout the United States. Please visit http://www.pacerhealth.com for more information.

"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. They are only predictions and may differ materially from actual future results or events. Pacer Health disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise. Important risk factors - including, but not limited to risks associated with changes in general economic and business conditions (including in the IT and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of market acceptance of our services, and changes in our business strategies - could cause actual results to differ from those contained in forward-looking statements.

SOURCE: Pacer Health Corporation

For Pacer Health Corporation, Miami HRB Communications Heather Radi, 305-763-0888 heather@hrbcommunications.com

Copyright Business Wire 2008

 

126 Postings, 6043 Tage Yuppi11http://www.cargocon.com/headlines.html

 
  
    #15
20.05.08 18:51

126 Postings, 6043 Tage Yuppi11Recent Press: http://finance.yahoo.com/q?s=CRGO.OB

 
  
    #16
20.05.08 18:52

324 Postings, 6136 Tage aktienmonsterna, mal

 
  
    #17
2
20.05.08 18:58
schauen, wie lang Du dieses Mal hier bist ... die letzten Male wurdest Du ja ganz schnell wieder gesperrt!

... und immer wieder ein neuer, lustiger Nic ....

hey, wer, denkst Du, glaubt Dir eigentlich diesen Mist ?  

126 Postings, 6043 Tage Yuppi11CRGO -all trades at the ask- CRGO - Srong By $$

 
  
    #18
20.05.08 19:50
all trades at the ask

We have no convertible seller(s) capping the ask. The skys the limit here.
The Ball is in Jesse's hands now - Let's hope he knows what to do with it. (smack it out of the park, lol)

12:04:28 PM Trade 0.0007  50,000  11:56:30 AM Trade 0.0007  50,000  11:55:24 AM Trade 0.0007  1,000  11:40:44 AM -Ask- 0.0007  5,000  11:40:16 AM Trade 0.0006  1,000,000  11:39:42 AM Trade 0.0006  300,000  11:39:38 AM Trade 0.0006  300,000  11:38:32 AM Trade 0.0006  10,000  11:38:24 AM Trade 0.0006  700,000  11:38:04 AM Trade 0.0006  500,000  11:37:48 AM Trade 0.0006  770,000  11:37:32 AM Trade 0.0006  300,000  11:37:30 AM Trade 0.0006  500,000  11:20:24 AM Trade 0.0006  230,000  11:20:16 AM Trade 0.0006  5,000  11:19:46 AM Trade 0.0006  5,000  10:54:54 AM Trade 0.0006  150,000  10:38:14 AM Trade 0.0006  25,000  10:32:30 AM Trade 0.0006  230,000  10:28:42 AM Trade 0.0006  1,250,000  10:28:12 AM Trade 0.0006  100,000  10:25:32 AM Trade 0.0006  150,000  10:11:56 AM Trade 0.0006  125,000  10:04:40 AM Trade 0.0005  80,000  9:58:16 AM Trade 0.0006  325,000  9:54:26 AM Trade 0.0006  300,000  9:44:12 AM Trade 0.0006  160,000  9:40:36 AM Trade 0.0006  500,000  9:30:12 AM Trade 0.0006  125,000  9:27:40 AM -Bid- 0.0005  5,000  9:22:12 AM -Ask- 0.0006  5,000


t 0.0005 1,000,000 OBB 09:22:07
 

126 Postings, 6043 Tage Yuppi1110Q sieht sehr gut aus.

 
  
    #20
21.05.08 00:25
Nice day, bet we see a continuation throughout the week!  

126 Postings, 6043 Tage Yuppi11CRGO - Strong Buy $$

 
  
    #21
21.05.08 00:43

126 Postings, 6043 Tage Yuppi11CRGO - Auch Hier wird der Golden Gross kommen $$

 
  
    #22
21.05.08 00:45

126 Postings, 6043 Tage Yuppi11nice day indeed

 
  
    #23
21.05.08 14:44
nice day indeed

the accumulation continues its upward trend...

 

126 Postings, 6043 Tage Yuppi11CRGO - Strong Buy $$

 
  
    #24
21.05.08 15:51

126 Postings, 6043 Tage Yuppi11CRGO - Here We Go $$

 
  
    #25
21.05.08 16:06

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