China Logistics Group Sees Domestic and International Logistics End Markets Improving in 2014
February 25 2014 - 8:30AM
Marketwired
China Logistics Group Sees Domestic and International Logistics End
Markets Improving in 2014
Domestic Trucking Expansion Efforts and South American Logistics
Routes to Be Key Drivers of Growth in 2014
SHANGHAI, CHINA--(Marketwired - Feb 25, 2014) - China Logistics
Group, Inc. (OTCQB: CHLO), an international freight forwarder and
logistics management company, announced today that the Company
anticipates strong growth in domestic and international end markets
for its logistics operations in 2014.
Over the course of the last several years the logistics and
freight forwarding industry in China has suffered from a weakness
in global demand as a result of a prolonged slowdown in European as
well as a significant weakness in China's domestic economy. During
this time China Logistics Group began several initiatives to help
to diversify its client base and expand the scope of its services.
In addition to the establishment of its South American route in
2012, the company began to strengthen its domestic trucking
capabilities through a leasing arrangement with a major trucking
company in 2013. From a service prospective the Company focused on
improving its competitive capabilities in receipt of goods,
warehousing, transporting shipments, consolidation of freight,
customs declaration, inspection declaration, multimodal transport,
and combined large-scale logistics.
China Logistics Group believes gradual improvements in the
domestic economy coupled with continued expansion of logistics
exporting through its South American routes will be key drivers of
growth for the Company in 2014 and beyond. Management further
believes this growth will offset any further weakness in European
markets.
Danny Chen, Chairman and CEO of China Logistics Group, comments,
"China has been the key driver of the global economy in the past
decade. As the domestic economy in China recovers, we believe our
efforts to broaden our services and open new international markets
place us in a strong position to benefit from improving economic
trends in 2014 and beyond."
About China Logistics Group, Inc.
China Logistics Group, Inc. 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: Richard Galterio U.S. Representative Telephone:
(954) 363-7333 Email:
info@chinalogisticsinc.com