SOURCE: Janel World Trade, Ltd.
Janel World Trade Retains Wellfleet Partners to Help Form a Strategic Partnership in China
JAMAICA, NY--(Marketwire - January 5, 2009) - Janel World Trade, Ltd. (
"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. The Company's emphasis is to engage in a wide variety of corporate finance, venture capital, management consulting, short-term bridge loans and various fundraising activities for public and private companies (through affiliates) and corporate Investment Banking related activities to a broad range of emerging small to medium sized growth companies. In addition, through subsidiaries and/or affiliates, it offers financial and brokerage services and money management as well and has strategic partnerships in London, England, Raanana, Israel, Miami and Fort Lauderdale, Florida; Southern California (Los Angeles & San Diego), Northern California (Palo Alto) and recently, in conjunction with MRM Finance LLC opened an office in Beijing, China. WPs renders all its brokerage and investment banking related activities through, and is currently registered with, Sandgrain Securities, Inc. For more information, please go to www.wellfleetpartners.com.
About Sandgrain Securities, Inc.
Sandgrain Securities, Inc. is a certified women-owned full service brokerage and investment banking firm serving both institutional and individual investors. Founded in 1992, the firm is certified by Empire State Development, New York City and WBENC. Sandgrain is a selling group member for a variety of new bond issues from New York City, MTA and NYS Dormitory Authority. On the investment banking side, the firm works with both accredited investors and a variety of companies both public and private in transactions that range from Private Placement offerings and PIPE transactions to Bridge Loans and Debt Recapitalizations. Sandgrain's trading desks provide execution services for large municipalities and public pension plans in both fixed income as well as domestic and international equities. We have a marketing and clearing house contract with Pershing & Company, a division of the Bank of New York / Mellon (BK) which has over $80 billion in assets and over 200 years of experience. Pershing/BNY enables Sandgrain to have direct access to the services of a world leader in the securities brokerage industry. All client assets are held at Pershing.
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.