China Logistics Group Sees Shipping Volumes for Its South American Route Out of Shanghai Doubling in 2013
February 13 2013 - 9:00AM
Marketwired
China Logistics Group, Inc. (OTCQB: CHLO), an international freight
forwarder and logistics management company, announced today that it
sees shipping volumes doubling in 2013 for its South American route
out of Shanghai launched in 2012.
China Logistics began offering freight forwarding services from
China to destinations in South America in March of 2012. Trade
between China and South America has increased significantly in the
past ten years due in large part to strong economic growth in
countries like Brazil and Argentina. Management's decision to begin
providing freight forwarding services to Brazil and Argentina out
of Shanghai in 2012 led to the Company achieving freight volume of
3,000 TEU or, twenty foot equivalent units, generating revenue for
the year from the South American route of approximately $720,000
with $139,000 in gross profit. In 2013, management expects its
shipping business to the South America route to double to volumes
of at least 6,000 TEU generating revenue over $1,400,000.
Danny Chen, Chairman and CEO of China Logistics Group,
commented, "According to Chinese Trade Ministry Counselor Yu Zhong,
trade between China and Latin America increased by 1,200% from $10
billion to $130 billion between 2000 and 2009 with the value of
trade increasing to $241.5 billion in 2011. Only the United States
was a larger trading partner in 2011. The top five nations in this
trade zone were Brazil, Mexico, Chile, Venezuela and Argentina.
Management believes ongoing economic expansion in South America
represent a perfect business opportunity for the company to expand
its coverage area. Management believes growth in volume for its
South America route has the potential to grow for the foreseeable
future and will become one of its largest revenue generating
shipping routes within the next several years."
About China Logistics Group, Inc.
China Logistics Group, Inc. (OTCQB: CHLO) is a U.S. company
doing business in China through its subsidiary Shandong Jiajia
International Freight & Forwarding Co., Ltd. (Shandong Jiajia).
Established in 1999; Shandong Jiajia is an international freight
forwarder and logistics manager located in China. Shandong Jiajia
acts as an agent for international freight and shipping companies.
It sells cargo space and arranges land, maritime, and air
international transportation for clients seeking primarily to
export goods from China. For more information please visit
http://www.chinalogisticsinc.com.
Safe Harbor Statement
China Logistics Group, Inc. is hereby providing cautionary
statements identifying important factors that could cause our
actual results to differ materially from those projected in
forward-looking statements (as defined in such act). Any statements
that are not historical facts and that express, or involve
discussions as to, expectations, beliefs, plans, objectives,
assumptions or future events or performance (often, but not always,
indicated through the use of words or phrases such as "will likely
result," "are expected to," "will continue," "is anticipated,"
"estimated," "intends," "plans," "believes" and "projects") may be
forward-looking and may involve estimates and uncertainties which
could cause actual results to differ materially from those
expressed in the forward-looking statements. These statements
include, but are not limited to, our guidance and expectations
regarding our South American shipping volumes and economic
expansion in South America and other risk factors impacting our
company, some of which may be beyond our control. We caution that
the factors described herein could cause actual results to differ
materially from those expressed in any forward-looking statements
we make and that investors should not place undue reliance on any
such forward-looking statements. Further, any forward-looking
statement speaks only as of the date on which such statement is
made, and we undertake no obligation to update any forward-looking
statement to reflect events or circumstances after the date on
which such statement is made or to reflect the occurrence of
anticipated or unanticipated events or circumstances. New factors
emerge from time to time, and it is not possible for us to predict
all of such factors. Further, we cannot assess the impact of each
such factor on our results of operations or the extent to which any
factor, or combination of factors, may cause actual results to
differ materially from those contained in any forward-looking
statements. This press release is qualified in its entirety by the
cautionary statements and risk factor disclosure contained in our
Securities and Exchange Commission filings, including our Annual
Report on Form 10-K for the fiscal year ended December 31,
2011.
Contact: Dore Perler U.S. Representative 954-232-5363
dore@pearlgroupadvisors.com