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Janel World Trade Retains Wellfleet Partners to Help Form a Strategic Partnership in China
Monday, January 05, 2009 8:00 AM
Symbols: JLWT
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JAMAICA, NY -- (Marketwire) -- 01/05/09 -- 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.



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