posted
Just wondering if anyone is in this. I am still holing long term, with all the action it been having lately seems like news would be comming soon. What is your take on it ??
Posts: 187 | Registered: Feb 2004
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posted
something happened it was red this am now up 16% still no news and had a ton of buys on the ask. Anyone know what is going on ?
Posts: 187 | Registered: Feb 2004
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Good possibility... CRGO was finally off the sHO list (naked shorts) 3/21. Covering already cleaned out short-term overhead resistance - IMO, it won't take much interest to push it.
CRGO -- Cargo Connection Logistics Holdings, Inc. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Mr. David Quach Named New Division President of Cargo Connection Logistics - International
INWOOD, NY, Mar 30, 2006 (MARKET WIRE via COMTEX) -- Cargo Connection Logistics Holding, Inc. (OTC BB: CRGO) names Mr. David Quach to position of President of Its newly named division, Cargo Connection Logistics - International. The company had recently issued a press release announcing that its wholly owned subsidiary, Mid-Coast Management Inc., has changed its name to Cargo Connection Logistics - International to better reflect its focus into the International markets. As part of the new face of Cargo Connection Logistics - International, the company will name Mr. David Quach as the Division's President. The new Division's base of operations will be San Jose, CA. David Quach has been and will continue to be vital and instrumental in facilitating the Company's outreach concerning business opportunities from China and the Pacific Rim for the Company's expansion into the business markets into and out of Asia.
"Having a presence on the West Coast was the first, as well as a critical step that will enable Cargo Connection Logistics to expand its business nationwide," said David Quach. "I am proud to be named as the President of Cargo Connection Logistics - International. My primary goal will be to make Cargo Connection Logistics - International a major player in the logistics business in China and the Pacific Rim as the Company embarks on its goals."
Mr. Quach recently departed for the Pacific Rim and will be spending the next few weeks in Asia. "I am proud to turn over the reigns of control of this Division to David Quach," stated Cargo Connection Logistics Holding, Inc. CEO, Jesse Dobrinsky. "He recognizes the need for expediency in establishing Cargo Connection Logistics - International as a major force in the logistics business in the Pacific Rim. Everyone at the company has embraced his enthusiasm and work ethic and we have made his agenda a major corporate priority."
The company will now focus its attention on the International Arena. Its primary focus will be to secure business from Origins around the world. Its initial focus will be the Pacific-Asian Rim. Dobrinsky also stated that "up until now the Company has always focused its sales efforts in the United States. A very large portion of merchandise coming into the country is controlled from Origin. This is our first foreray into foreign countries for business development. We hope to accomplish this through some of our recently announce joint ventures."
Mr. Dobrinsky will be traveling to the Asian Rim along with David Quach by the end of the month to finalize any contracts that Mr. Quach will be negotiating.
About Cargo Connection Logistics Holding, Inc.
Company: Cargo Connection Logistics Holding, Inc. consists of Cargo Connection Logistics Corp. and now, Cargo Connection Logistics - International (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. The companies currently provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. Currently the two companies have a total of 85 employees.
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. They 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 305-937-1711 Miami
SOURCE: Cargo Connection Logistics
Copyright 2006 Market Wire, All rights reserved.
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SUBJECT CODE: Transportation and Logistics:Air Freight Transportation and Logistics:Trucking Transportation and Logistics:Railroads and Intermodal
Search for Dun & Bradstreet reports on this company.
posted
Cargo Connection Logistics Establishes a Memorandum of Understanding to Take to the Air in China and the Pacific Rim Wednesday April 5, 8:30 am ET
INWOOD, NY--(MARKET WIRE)--Apr 5, 2006 -- Cargo Connection Logistics Holding, Inc. (OTC BB:CRGO.OB - News) today announced that its subsidiary, Cargo Connection Logistics - International, Inc. (CCLI), has executed a Memorandum of Understanding (MOU) with ASG Aviation Services Group Inc. (ASG) of Dallas, Texas.
The MOU creates the basis and a platform for the companies to develop a joint venture which the companies believe will yield increased global business opportunities, both independently and in cooperation with each other. CCLI provides full spectrum logistics programs to its global client base while ASG provides specialized global expeditionary and scheduled air logistics options expanding the breadth and depth of multi-modal logistics solutions for the client.
CCLI and ASG separately, and as a joint venture logistics partnership, possess distinctive and supportive competencies which broaden the proposed Joint Venture which is outlined in the MOU.
"The competencies, capabilities and resources of the partners make us a unique team with complementary focus and unique skill sets establishing a world-class third-party logistics presence with common orientation and unique talents complementing the enterprise," said Tom Uglialoro, President and CEO of ASG.
"ASG brings a strong air cargo philosophy and capability to the company," said Jesse Dobrinsky, CEO of Cargo Connection Logistics Holding, Inc. "ASG's ability to field dedicated leased cargo aircraft programs to carryout agile global and regional feeder flight operations brings to CCL the means to affect domestic and international logistics markets.
"Once the joint venture is complete, we will outreach concerning business opportunities from China and the Pacific Rim for the Company's expansion into and out of these business markets," said Dobrinsky.
"Controlling our own aircraft will provide us with a presence in the Pacific Rim which most small forwarders have not even thought about," said David Quach, President of Cargo Connection Logistics - International, Inc. "This will enable Cargo Connection Logistics to expand its business in the areas we are concentrating on in Asia and the Pacific Rim. I am very pleased with the MOU and look forward to leveraging the joint venture. My primary goal will be to make Cargo Connection Logistics - International a major player in the logistics business in China and the Pacific Rim as the Company embarks on its goals and objectives to expand its international operations. The addition of ASG to the Cargo Connection team will help us accomplish that goal."
The Company will now focus its attention on the international arena. Its primary focus will be to secure business from origins around the world with its initial focus on the Pacific-Asian Rim. Dobrinsky said that they anticipate this will be accomplished through some of the Company's recently announced joint ventures.
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. The companies currently provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. Currently the two companies have a total of 87 employees.
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. They 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.
About ASG Aviation Services Group, Inc.
ASG Aviation Services Group, Inc. is a privately held non-asset based expeditionary air logistics operations company headquartered in Dallas, Texas. ASG develops supply chain market entry and recovery air cargo logistics programs supporting both ad hoc on demand and long-term logistics needs. ASG is also a leading provider of business continuity air logistics and operations support to commercial and government sector customers. In addition to its Texas headquarters ASG maintains agent and company operations at all major U.S. air freight gateway terminals and an international presence in Mexico and the Middle East.
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: Contact: Peter Nasca Peter Nasca Associates, Inc. 312-421-0723 Chicago 305-937-1711 Miami
posted
Cargo Connection Logistics Redeems Significant Portion of Series A 6.5 Percent Convertible Promissory Notes Thursday April 6, 8:30 am ET
Company Pays-Off Convertible Notes, Helps Reduce Outstanding Liabilities and Common Stock Conversion Effect
INWOOD, NY--(MARKET WIRE)--Apr 6, 2006 -- Cargo Connection Logistics Holding, Inc. (OTC BB:CRGO.OB - News) today announced that it had made the decision to redeem the Company outstanding Series A 6.5 percent Convertible Promissory Notes which date back prior to 2005 when the Company was still known as Championlyte Holdings, Inc.
The Company has already begun to redeem these notes. In specific, these notes were from Advantage Fund I, LLC and are either still in their possession or were assigned to other Holders under the same terms and conditions as the original note. While the notes had favorable terms, the conversion ability of these notes potentially hurt the Company by the Holder's ability to convert into and sell additional common shares into the market, potentially causing a downturn in the price per share.
"We are continuing to try and redeem the remaining assigned notes from their current holders," said Cargo Connection Logistics Holding, Inc. CFO Scott Goodman.
In addition to the redemption of the old debt, the Company has terminated its consulting agreement with Knightsbridge Capital.
"The Company will continue to review all former contracts the Company had entered into prior to Cargo Connection Logistics' involvement to determine the value to the Company as well as to the Company's shareholders," said Goodman. "The Company has retained new counsel to examine all of the financial instruments and contracts the Company had in place prior to new management taking control in 2005."
The Company will continue to keep its shareholders advised of all the developing information through its news releases as well as its website.
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. The companies currently provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. Currently the two companies have a total of 87 employees.
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. They 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: Contact: Peter Nasca, Peter Nasca Associates, Inc. 312-421-0723 Chicago 305-937-1711 Miami
posted
Dont ask me why, how and when ...but I had a vision about this company...I believe it will just jump from the pennies to around $10.00 soon
Posts: 328 | From: nj | Registered: Jan 2006
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posted
I wasn't sure whether or not to get out but now that you had a vision I have to stay thanks for the insight
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Can some one help me out with the vision thing, does having a vision require smoking something before one has one, or just over positive imagination, god inspired, just wondering before i make a decision to buy, thanks in advance
Posts: 62 | Registered: Jul 2004
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imakmony2005
unregistered
posted
You can smoke-it, drink-it, pop-it, huff-it, They will all give you the vision you seek.lol
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