JAMAICA, NY -- (Marketwire) -- 01/30/09 -- Janel World Trade, Ltd. (OTCBB: JLWT), a
full-service global provider of integrated freight logistics services, is
retracting its previous press release issued on January 22, 2009, with
respect to the hiring of Craig Raucher. The press announcement was issued
prematurely by Janel. Mr. Craig Raucher has not joined the organization.
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. With offices throughout the U.S.
(New York, Chicago, Los Angeles, and Atlanta) and the Far East (Hong Kong,
Shanghai, and Shenzhen), the Company provides the comprehensive services
necessary to handle its customers' shipping needs throughout the world.
Cargo can be transported via air, sea or land, and Janel's national network
of locations can manage the shipment and/or receipt of cargo into or out of
any location in the United States. Janel is registered as an Ocean
Transportation Intermediary and licensed as a NVOCC (non-vessel operating
common carrier) by the Federal Maritime Commission.
Janel World Trade, Ltd.'s headquarters is located in Jamaica, New York,
adjacent to the JFK International Airport, and its common stock is listed
on the OTC Bulletin Board under the symbol "JLWT." Additional information
on the Company is available on its website at www.janelgroup.net.
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.
CONTACTS:
Consulting for Strategic Growth 1
Investor Relations:
Stan Wunderlich
CEO
1-646-205-7765
Email: Email Contact
Media Contact:
Meryl Orshan
1-800-625-2236, ext. 7770
Email: Email Contact