SHANGHAI, February 25, 2014 /PRNewswire/ --
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: +1(954)363-7333
Email: info@chinalogisticsinc.com
SOURCE China Logistics Group, Inc.