JAMAICA, NY -- (Marketwire) -- 02/19/09 -- Janel World Trade, Ltd. (OTCBB: JLWT), a full-service global provider of integrated transportation logistics services, today announced financial results for its fiscal year first quarter ended December 31, 2008.

For the three months ended December 31, 2008, the Company reported record revenue of $21,266,128, up 6% or $1,198,782, as compared to fiscal 2008 fiscal first quarter revenue of $20,067,346.

First quarter 2009 net revenue (revenue minus forwarding expenses) was $2,289,440, down from the prior year's level of $2,518,883. [Forwarding expense primarily comprises fees paid by Janel directly to cargo carriers to handle and transport its actual freight shipments on behalf of its customers between initial and final terminal points.] The decline in net revenue is primarily attributable to a higher proportion of transportation logistics revenue generated in the 2009 quarter from ocean freight (which carries a lower average profit margin than airfreight).

The overall revenue gain was the result of increased shipping activity, particularly ocean imports, by existing customers throughout the quarter and across most of the principal industry sectors served by the Company. The revenue gain of $1,331,007, or 7%, in the Company's transportation logistics segment was partially offset by a year-over-year decrease of $132,225, or 52%, over the period in the Company's computer software business. Significantly, as well, quarterly expenses related to both SG&A and amortization of intangible results declined year-over-year by $22,927 and $53,881, respectively.

James N. Jannello, Chief Executive Officer of the Company, stated, "Despite the continuing business problems facing most of our clients during the ongoing slowdown in the U.S. economy, we are most gratified that our transportation logistics revenue has managed to show continuing year-over-year gains. We are confident that this positive revenue trend is the result of our intensive efforts to both retain and expand our customer base has paid dividends. In addition, our fiscal 2008 acquisition of Ferrara has already substantially bolstered the ocean freight portion of our business in the past two quarters."

Mr. Jannello continued, "As we discussed in our full year earnings release last month, the lawsuit we filed in February 2008 against World Logistics Services, Inc. (from which we acquired the OLI business) is ongoing. And, as seen in the lower year-to-year results we have reported in our computer software segment, OLI's business potential has continued to fall short of our original acquisition-based forecasts."

"Accordingly, we believe it is more indicative of the core strength of our business to calculate our results adjusted for the OLI effect. Thus, on a non-GAAP basis, making the normal EBITDA adjustments and also excluding the OLI-related operating loss, Janel would have registered FY 2009 first quarter operating income of $126,814, as contrasted, on a GAAP basis, with our reported a net loss for the first quarter of $(115,490), more than all of which is attributable to the OLI results."

Mr. Jannello concluded, "We are particularly pleased that our first quarter results demonstrate the progress we are making in controlling our operating expenses and in mitigating the disappointing shortfall effects of the OLI acquisition. We are continuing to monitor the OLI business closely and will evaluate all available alternatives with respect to its ongoing effect on Janel's overall results. Nonetheless, we remain confident that the first quarter performance we have reported keeps us on track to produce the overall revenue and earnings gains we have earlier projected for the Company for the full fiscal 2009."

About Order Logistics, Inc.

Order Logistics, Inc., a wholly owned subsidiary of Janel World Trade, Ltd. that is based in Champaign, Illinois, provides solutions that allow companies to more effectively discover, manage, and execute global supply chain strategies. The Order Logistics team, technology, strategies, solutions and dedicated transportation resources allow organizations to access world-class visibility, information and controls without disrupting existing plans, processes, partnerships and information systems. By leveraging technology, business solutions, operational expertise and a centralized capacity network of transportation providers to take advantage of logistical opportunities, Order Logistics provides end-to-end solutions to its customers. This allows each customer to better control its unique distribution network and utilize existing information systems to their full capacity. For additional information, visit www.orderlogistics.com.

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.