Cargo Connection: Expansion groß geschrieben

UTEK Completes Technology Transfer to Cargo Connection Logistics Holding, Inc.
UTEK Corporation (AMEX:UTK) (LSE-AIM:UTK) a specialty finance company focused on technology transfer, and Cargo Connection Logistics Holding, Inc. (OTCBB:CRGO) (Berlin:CD6.BE) (Frankfurt: CD6.F & 217026), a world trade logistics company, today announced that Cargo Connection Logistics Holding, Inc. has acquired Nuclear Material Detection Technologies Inc., a wholly owned subsidiary of UTEK Corporation, in a stock transaction.

Nuclear Material Detection Technologies contains an exclusive license for a nuclear material detection technology developed by researchers at the U.S. Department of Energy's Savannah River National Laboratory. The technology is a lightweight, portable system for rapid detection of nuclear materials in sealed containers without the use of x-rays. Using portable sensors, the system may be moved between stacked shipping containers on cargo ships to detect radiation levels.

Jesse Dobrinsky, Chief Executive Officer of Cargo Connection Logistics Holding, Inc., said, "Cargo Connection is enthusiastic about the potential of this technology to detect radioactive materials in transport."

"UTEK is pleased to consummate this technology transfer with Cargo Connection Logistics Holding, Inc.," said Andrew Frost, Manager of Technology Licensing at UTEK Corporation.

About the Washington Savannah River Company

In a letter to shareholders, Mr. Dobrinsky stated; "This technology will not only help Cargo Connection Logistics protect its facilities and employees, but will assist us in our ultimate goal to assist in the protection of our country's ports and borders. Clearly port and border security is one of the most critical issues facing our Country, and we believe that the development of this product could not come at a more opportune time. A secondary goal is to extend this technology to airport security"



Mr. Dobrinsky went on in the shareholder letter to say; "Obviously, as a shareholder, you are probably concerned with how this fits into our ongoing business model. Our immediate goal is to get this technology to market, and we believe that the potential is enormous. Moreover, since we have very good relationships with the Department of Homeland Security -- United States Customs and Border Patrol, we're confident we can effectively accomplish this with existing personal and limited financial resources."



When asked about the revenue expectations of this new subsidiary Mr. Dobrinsky noted; "It is premature to state what the expectation for the company is. What we do know is there is over 2 billion dollars in grants available over the next five years for just this kind of technology from the United States Government."



When asked what is next for the company Mr. Dobrinsky told Knobias; "The Company continues to seek opportunities that will be both accretive for the shareholders and constructive for the company. We live in the international cargo arena. Our business is sensitive to economic conditions. Diversification into different areas will leave the company less vulnerable to the economic environment."

CARGO CONNECTION LOG (OTC BB CRGO.OB)

Letzter Kurs: 0,007 $ Kurszeit: 19:25 Veränderung: #008800">0,001 (16,67%) Letzt. Schlußk: 0,006 Eröffnungskurs: 0,006 Geldkurs: 0,006 x 50 Briefkurs: 0,007 x 50 Kursziel 1J: N/A

Tagesspanne: 0,006 - 0,007 52W Spanne: 0,01 - 0,11 Volumen: 819.736 Ø Volumen: 727.954 Mkt. Kap.: 6,23 Mio KGV (ttm): N/A EPS : -0,013$ DpA: N/A

1T  5T  3M  6M  1J  2J  5J

"The one thing we've learned over the past eight months is that doing business in the Pacific Rim is very heavily based upon relationships and trust and obviously, that is not something that is done quickly," Dobrinsky said. "We continue to build these relationships and during this upcoming year we expect that we will begin to see the fruits of our labor.

"On another positive note about 2007, we believe the acquisition of the RadRope(TM) Portable Nuclear Material Detection System will help diversify us into new, but associated markets," said Dobrinsky. "We will be presenting this technology over the next 60 days to key government and industry representatives. As this information develops we will keep you, our shareholders, advised.

"Since we've received a number of inquiries from shareholders concerning the release of information, it is important to note that we are strictly adhering to the edicts of all regulatory bodies and complying with everything required to maintain our good standing with these various agencies," Dobrinsky said. "This includes not jeopardizing our current registration statement by not making forward-looking statements. What we announce must be based on fact, not conjecture. We know that our shareholders want us to release news on a more frequent and regular basis. We can and will only release news that is factual and has a direct impact on the company."

About Cargo Connection Logistics Holding, Inc.

Company: Cargo Connection Logistics Holding, Inc. consists of Cargo Connection Logistics Corp. and Cargo Connection Logistics - International, Inc., which are both headquartered in Inwood, NY. The Company also has offices in Atlanta, GA; Charlotte, NC; Chicago, IL; Columbus, OH; Miami, FL; New York, NY; Pittsburgh, PA; and San Jose, CA. Cargo Connection Logistics is a leader in world trade logistics. Headquartered adjacent to JFK International Airport, the company is a transportation logistics provider for shipments importing into and exporting out of the United States, with service areas throughout the United States and North America. The companies currently provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. They also have container freight station operations specifically designed to handle internationally arriving freight for the major retail suppliers through its CFS facilities in Florida, Georgia, Illinois, New York and Ohio. Cargo Connection Logistics' website is www.cargocon.com.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission, including, without limitation:

-- the Company's ability to increase its revenues, including by obtaining
  contacts with foreign shippers;
-- the Company's financial condition, including its ability to continue as
  a going concern;
-- the effect of the Company being in default on its indebtedness;
-- the Company's ability to raise additional capital;
-- the Company's reliance on key personnel and independent agents; and
-- the Company's vulnerability to economic and industry conditions.


Contact:
Peter Nasca
Peter Nasca Associates, Inc.
312-421-0723 Chicago
954-473-0677 Ft. Lauderdale

According to Goodman, Cargo Connection Logistics will store and transport Rexam's raw materials, which will supply its manufacturing line in Bensenville, and then pick up finished merchandise and hold those goods for distribution.

"We are very excited about this new opportunity and we are quite proud that Rexam has chosen Cargo Connection Logistics as its primary warehouse/logistics vendor for this new operation," said Goodman.

Goodman went on to state that this new business will occupy approximately 50 percent of the space that was available in Cargo Connection Logistics' Chicago facility and will bring the operation to a new level in the supply chain.

"What is particularly gratifying is that by venturing into this operation, Cargo Connection Logistics has once again proven its ability to diversify into all areas of the third party logistics business," said Goodman. "This is part of our core business and we will continue to explore all avenues to grow our existing enterprise while seeking ways in which we can further diversify and expand from this solid base."

About Cargo Connection Logistics Holding, Inc.

Company: Cargo Connection Logistics Holding, Inc. consists of Cargo Connection Logistics Corp. and Cargo Connection Logistics - International, Inc. (formally Mid-Coast Management, Inc.), which are both headquartered in Inwood, NY. The Company also has offices in Atlanta, GA; Charlotte, NC; Chicago, IL; Columbus, OH; Miami, FL; New York, NY; Pittsburgh, PA; and San Jose, CA. Cargo Connection Logistics is a leader in world trade logistics. Headquartered adjacent to JFK International Airport, the company is a transportation logistics provider for shipments importing into and exporting out of the United States, with service areas throughout the United States and North America. The companies currently provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. They have U.S Customs Bonded Container Freight Station operations specifically designed to handle internationally arriving freight for the major retail suppliers through its CFS facilities in Florida, Georgia, Illinois, New York and Ohio. They also have a General Order Warehouse operating in New York.

Cargo Connection Logistics' website is www.cargocon.com.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission, including, without limitation:

--  the Company's ability to increase its revenues, including by obtaining
   contacts with foreign shippers;
--  the Company's financial condition, including its ability to continue
   as a going concern;
--  the effect of the Company being in default on its indebtedness;
--  the Company's ability to raise additional capital;
--  the Company's reliance on key personnel and independent agents; and
--  the Company's vulnerability to economic and industry conditions
Press information at: www.cargocon.com/headlines.html

Contact:
Peter Nasca
Peter Nasca Associates, Inc.Ft. Lauderdale 954-473-0677
Chicago 312-421-0723
SOURCE: Cargo Connection Logistics Holding, Inc.

Copyright 2007 Market Wire, All rights reserved.

 

Cargo hab ich längst von meiner Pennystock Watch List gelöscht.
Das Unternehmen taucht immer wieder irgendwo als spekulative Kaufempfehlung gepaart mit scheinbar positiven News auf,nur tut sich überhaupt nichts.
Im Gegenteil rauscht der "Kurs" immer weiter runter,Cargo Connection ist schon nicht mehr als Pennystock zu bezeichnen,eher eine Art "Nano Cap".
Man kann nur warnen in diesen wert Geld zu stecken,sorry....