Janel World Trade, Ltd. (OTC Bulletin Board: JLWT),
a full-service global provider of integrated logistics and environmental
services, today announced that Paul McCreary, President of Janel’s
Environmental Projects Division and other leading members of the Janel
Environmental Consortium have been asked by members of The World Bank to
present a pilot proposal to the Wuxi PMO (Finance Bureau) July 10th
in Wuxi, Jiangsu, China.
Paul McCreary said today, “We are very pleased with the fact The World
Bank is including us in this meeting with the major government leaders
in the region.” We also know that our concepts, technologies and
products have gained credibility from our testing in China and the
meetings we had on previous trips to Wuxi.” “Water quality remains one
of the most crucial issues facing China’s growth rate in this region.
Lake Tai is critical in this regard and our consortium’s integrated
solution can be a key to solving the well publicized algae problems not
only in Lake Tai, but other lakes with similar issues in China.”
In May 2007, Lake Tai was overtaken by a major algae
bloom and by major pollution with high levels of bacteria. The lake
provides water to 30 million residents, including about one million in
Wuxi. As of October 2007, the Chinese government had shut down or given
notice to over 1,300 factories around the lake, but the damage has
already been done.
About Janel
Janel World Trade, Ltd. is a global provider of integrated logistics
services, including domestic and international freight forwarding via
multi-modal carriers, leading edge end to end supply chain technology,
customs brokerage, warehousing and distribution, and other
transportation-related services. With offices throughout the U.S. (New
York, Chicago, Los Angeles, and Atlanta), the Far East (Hong Kong,
Shanghai, and Shenzhen) and Central America (El Salvador, Honduras and
Guatemala) , the Company provides the comprehensive services and
technology 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 FMC
Licensed Freight Forwarder 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 http://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.
For Janel World Trade, Ltd.
Kevin Kading, 212-918-4606
kdng@prodigy.net
