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Janel World Trade Retains Wellfleet Partners to Help Form a Strategic Partnership in China
(Marketwire Via Acquire Media NewsEdge) JAMAICA, NY, January 5 / MARKET WIRE/ --
Janel World Trade, Ltd. (OTCBB: JLWT), a
leading international provider of logistics management services, has
retained Wellfleet Partners, Inc. to evaluate and effectuate a Strategic
Partnership in China, help increase business related activities in Asia and
conduct various other investment banking and corporate finance activities
for the Company.
"We are pleased to work with James Jannello and his staff on both expanding
and extending his company's business activities in China, an area we are
extremely familiar with. We believe there are great opportunities in China
and we will assist Janel World Trade in taking advantage of them," said
Mark I. Lev, Chairman and CEO, Wellfleet Partners.
"Our new corporate office in Beijing, in partnership with MRM Finance, LLC,
is in the process of evaluating potential strategic partners and
acquisition candidates in China, both public and private companies, that
would greatly increase the Company's revenues and gross profit margin,
helping to maximize shareholder value. I also want to thank Fred Hart of
Sandgrain Securities, for making the initial introduction with Janel," Mr.
Lev added.
James Jannello, Chief Executive Officer of Janel World Trade, Ltd., said,
"We are pleased to partner with Mark Lev and Wellfleet, whose extensive
experience with China-related companies will provide the additional
strategic insight, knowledge and access to help our company grow."
About Janel World Trade, Ltd.
Janel World Trade, Ltd. is a New York corporation headquartered in Jamaica,
New York. Through its subsidiaries they provide logistics services to
importers and exporters primarily in the United States, Europe and the Far
East. It offers cargo transportation logistics management services,
including freight forwarding via air, ocean, and land-based carriers;
customs brokerage services, and warehousing and distribution services. The
Company also provides various related logistics services, such as freight
consolidation, insurance, direct client computer access interface,
logistics planning, landed-cost calculations, in-house computer tracking,
product repacking, online shipment tracking and electronic billing. Janel
World Trade serves various markets, including consumer wearing
apparel/textiles, machines and machine parts, household appliances and
sporting goods and accessories. The Company operates through a network of
company-operated facilities and franchise or agent relationships.
About Wellfleet Partners, Inc.
Wellfleet Partners, Inc. (WPs or Wellfleet), which recently celebrated its
10th anniversary, is a boutique investment and merchant banking, venture
capital and financial services and consulting firm, founded by Mark I. Lev
in early 1998. The Company's emphasis is to engage in a wide variety of
corporate finance, venture capital, management consulting, short-term
bridge loans and various fundraising activities for public and private
companies (through affiliates) and corporate Investment Banking related
activities to a broad range of emerging small to medium sized growth
companies. In addition, through subsidiaries and/or affiliates, it offers
financial and brokerage services and money management as well and has
strategic partnerships in London, England, Raanana, Israel, Miami and Fort
Lauderdale, Florida; Southern California (Los Angeles & San Diego),
Northern California (Palo Alto) and recently, in conjunction with MRM
Finance LLC opened an office in Beijing, China. WPs renders all its
brokerage and investment banking related activities through, and is
currently registered with, Sandgrain Securities, Inc. For more
information, please go to www.wellfleetpartners.com.
About Sandgrain Securities, Inc.
Sandgrain Securities, Inc. is a certified women-owned full service
brokerage and investment banking firm serving both institutional and
individual investors. Founded in 1992, the firm is certified by Empire
State Development, New York City and WBENC. Sandgrain is a selling group
member for a variety of new bond issues from New York City, MTA and NYS
Dormitory Authority. On the investment banking side, the firm works with
both accredited investors and a variety of companies both public and
private in transactions that range from Private Placement offerings and
PIPE transactions to Bridge Loans and Debt Recapitalizations. Sandgrain's
trading desks provide execution services for large municipalities and
public pension plans in both fixed income as well as domestic and
international equities. We have a marketing and clearing house contract
with Pershing & Company, a division of the Bank of New York / Mellon (BK)
which has over $80 billion in assets and over 200 years of experience.
Pershing/BNY enables Sandgrain to have direct access to the services of a
world leader in the securities brokerage industry. All client assets are
held at Pershing.
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.
MEDIA CONTACT:
Daniel Stepanek
Consulting for Strategic Growth 1
T: 646-205-7767
Email: Email Contact
Copyright ? 2009 Marketwire
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