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

Its a historical moment today...

If this goes to .0009 I will be green in my CRGO stock. Its been a long, long time. Averaging pays off. I am loaded to the gills. I like this slow steady accumulation going on right now. I hope it continues. There are buyers and newcomers among us right now. Its a great day to be in CRGO!!!  

 

 

The big question is will we bust .0010 without some further development.

I'm a patient man so I'm going to see this through. Would love to se a longterm uptrend to mirror our nasty longterm downtrend.

Go CRGO

 

 

 

Just a little time is all it takes, next week we will be the talk of the town!
 

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hey jungs

bin jetzt mit meinen Bescheiden Stückzahlen auch dabei

morgen kann es eng werden, da ich heute 2 Stunden gebraucht habe bis ich endlich bedient wurden bin

Die Luft ist sehr dünn

morgen steigt die Rakete

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$  

http://apps.cnbc.com/...=&country=US&uid=stocks/ownership&symbol=crgo
 

Die wird laufen ohne ende.

Ich habe mich Gestern fast ganzen Nachmittag damit beschäftigt.
Es ist sehr schwierig an große Stückzahlen ranzukommen.
Es gibt keinen Verkäufer.

Hier wird gesammelt was das zeug aushällt.

CRGO ist nicht mit den sonstigem Pinky-Schrott zuvergleichen.
Hier gibt es  $$$$$$$$$$$$$$$$$$$$  

Wer die Tage nicht einsteigt wird das nachsehen haben.

Überzeugt euch selbst  
 

 

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  

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.  

 

 

 

 

 

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The buying here is incredable.

Somebody wanted in real bad today. Lots of late buying near the close. Setting up for a big run when it breaks through .001. Pressure is building.  

Wir werden die 0.02 US$ nächste Woche durchbrechen $$

Gruß Euer Yuppi11  

Hi, bought in today loving the chart, here is an annotated 2 yr chart, 0011 and 0015 are big break pts coming up, feels like a GCOG type of move coming
 

 

wer kann mir heute noch einen wert zeigen der 100% geschafft hat an einem Freitag    


Go CRGO GOOoooooooooooooo



STRONG BUY

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