JAMAICA, NY -- (Marketwire) -- 01/22/09 -- Janel World Trade, Ltd. (OTCBB: JLWT), a
full-service global provider of integrated freight logistics services,
today announced it has hired two high-level sales people, experienced in
freight logistics management and services, to expand business opportunities
with major international and domestic companies and potentially increase
revenue for FY 2009 by $10 million to $15 million.
Frank Zambuto, who has more than 11 years of freight forwarding
experience, will serve as the new National Sales Manager located in
Chicago. He will help develop emerging growth markets, especially in
Southeast Asia. He plans to develop an international team to focus
logistics bids for America's Fortune 500 companies and develop key service
contracts with new international partners. Prior to joining Janel World
Trade, Mr. Zambuto was Station Master Midwest for Airgate International,
Chicago.
Craig Raucher will serve as Janel's Executive Salesman for the New York
tri-state area. With more than 25 years of freight forwarding experience
with DHL Airways and Skynet Worldwide Express, he will concentrate on
expanding import, export, air and ocean freight forwarding opportunities
with major companies and international organizations located in the New
York metropolitan area.
James Jannello, CEO, Janel World Trade, said, "We are very pleased to have
such high caliber professionals as Frank and Craig join our sales team. We
estimate that together they will add $10 million to $15 million to our
projected gross earnings for the coming year. Since we have reported
record revenues for FY2008 of almost $83 million, we feel safe in
predicting that the efforts of these two talented people, and others who
will join us during the year, could push our revenues for Fiscal Year 2009
to approximately $100 million."
Mr. Jannello added, "Today's economic climate offers us a golden
opportunity to attract top level sales talent just as more large businesses
are seeking the cost-effective advantages of Janel's expanding integrated
logistics capabilities. Major international companies need the end-to-end
visibility and collaboration we offer in planning, executing, managing and
real-time tracking on a worldwide basis. Experienced salesmen like Craig
and Frank will attract world class customers to our rapidly growing suite
of services."
About Janel World Trade, Ltd.
Janel World Trade, Ltd. is a global provider of integrated logistics
services, including domestic and international freight forwarding via
multi-modal carriers, customs brokerage, warehousing and distribution, and
other transportation-related services.