SHANGHAI, Feb. 27, 2013 /PRNewswire/ -- China Logistics
Group, Inc. (OTC QB: CHLO), an international freight forwarder and
logistics management company, announced today that management has
begun to explore plans to establish its own warehouse facility for
international and domestic storage and logistics. The company
believes this strategy would serve to complement its current
international freight forwarding, logistics management, and
trucking services.
The Company is considering plans to purchase or lease land use
rights to an 80,000 square meter parcel of land in Dafeng City in
Jiangsu Province for the warehouse
operation which would serve as a storage hub to service this
growing port city. Dafeng port is the only deep-water port in the
central Jiangsu coast making it an
ideal location for this type of operation. Management is
evaluating plans to build 40,000 square meters of warehouse space
featuring high-bay storage, optional temperature-controlled space,
sprinkler systems, drive-in doors, and specialty equipment.
Management will explore a number of alternatives to finance the
project should the company decide to move forward including direct
loans, joint ventures and government incentive programs.
Danny Chen, Chairman and CEO of
China Logistics Group, commented "As we continue to look to build
our capabilities for the future, the strategy of providing our own
warehouse as a center of storage, distribution and transfer at key
locations is an important goal for China Logistics Group. By
providing proprietary storage, along with transportation and
logistics management, we can add substantial value for our clients
through a full turnkey solution. We are evaluating this
project because it is adjacent to our trucking transportation
headquarters, enabling easy and efficient transportation options
for domestic distribution as well as to the port. We would also
have the ability to use the services of our transportation
partner's network out of this location to enable us to seamlessly
move goods from this location to any point in China. We intend to fully explore all aspects
of this opportunity as we believe it could serve as a model for us
to expand in other locations and provide substantial future
growth."
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 ability to acquire land use
rights and construct, operate and finance a warehouse operation and
our expectations regarding client acceptance of our proposed
warehouse operations and our future growth, 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
SOURCE China Logistics Group, Inc.