The Fronthaul Group Signs Its First Letter of Intent to Provide 3rd Party Logistics for a Major Contract Jun 14, 2006 6:30:00 AM ROCKWALL, TX -- (MARKET WIRE) -- 06/14/06 -- The Fronthaul Group. (OTCBB: FHAL) announces it has signed an LOI to provide third party logistics for the Climate Exchange of the Americas, Inc.
The Climate Exchange of the Americas, Inc. (CEOTA) has entered into a Letter of Intent with The Fronthaul Group, Inc. for management and third party logistics over their exclusive Brazilian license to recover sunken logs from the Amazon River and its tributaries. "The Fronthaul Group's specific area of responsibility could yield a potential of $1,500,000,000 in gross revenue. Conservative estimates project 2.6 billion board feet of easily recoverable first grade hardwood lumber under our initial phase of this contract," says Gordon Brown, Director of CEOTA, a non-profit organization dedicated to the preservation of the rainforest.
The Fronthaul Group will arrange the complete third party logistics life cycle including but not limited to; arranging log retrieval and milling operations and developing export markets for the environmentally safe wood products.
"We are excited by the long term opportunity and challenges laid before us with this contract. We have the opportunity to make a positive impact for our environment by making rainforest timber available without harming a single living tree and all the while increasing our bottom line and shareholder value," says Mike Alexander, President and CEO of The Fronthaul Group, Inc.
About The Fronthaul Group:
The Fronthaul Group is a Delaware corporation with branch offices in Rockwall, TX. The Fronthaul Group expects to grow their business specifically in the areas of 3rd party logistics, Transportation Brokerage, and Motor Carrier services. The Fronthaul Group is the only referral-based marketing transportation logistics brokerage and currently has over 4000 members.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause the actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
Contact: The Fronthaul Group 2233 Ridge Road Suite 102 Rockwall, TX 75087 888-293-4285 Email Contact
CEOTA Fort Worth, Texas 817-886-2311 Email Contact
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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The sad thing is, I have had this thing on radar for a week and a half and I didn't get in it because I thought it was going to go a little lower.
Posts: 200 | Registered: Mar 2005
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