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.