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Carson, CA. (March 30, 2005) — In a move that
took the ocean freight market by surprise, OTS Logistics Group Limited announced
in Hong Kong on the 19th of March that it would commence managing the international agency
network of market leading NVOCC, NACA Logistics (USA) Inc. The arrangement
is effective immediately and will substantially enhance the global
presence of OTS Logistics Group on a worldwide basis by extending its
existing access to point to point service in over 300 trade lanes.
“The geographical scope of our coverage is now unprecedented”, Mr. Owen
Glenn, Chairman of the group, said in announcing the new arrangements.
“This arrangement gives us trade volumes of over 200,000 TEU of ocean
freight on a global basis, pre-carriage and on-forwarding from virtually
any point to any point in the world, 177 offices and agencies worldwide
and representation in over 105 countries.”
Asked if this was the first step in a rumored public listing, Mr. Glenn
replied, “We generally ignore rumors that relate to our business plans. It
is no secret that we have a 27 year history of success - obviously this
attracts investor interest. We have had some strong interest from parties
that see this as an eventual listing opportunity but my answer is the same
- we always examine options. Right now we are heavily focused on
developments in China.”
The company has implemented strategy to establish a stronger presence in
China with the acquisition of a Class A license in Zhuhai, China through
another member of the group, Vanguard Logistics (HK). A “Global Resource
Center” is also being set up in Zhuhai to handle the growth the group is
experiencing and the group has relocated senior management to the region.
“If one connects the dots, looks at our
commitment, looks at our now expanded network and our technology
investments they can see what we have to offer”, Mr. Glenn said. “We are
stitching together a powerhouse in global logistics, piece by piece. We
have a billion dollar turnover in our sights.”
About OTS Logistics Group
OTS Logistics Group is a major global provider of logistics services
including ocean freight consolidation. It operates through multiple brands
worldwide including AFS, Brennan, Conterm, DCL, Export Freight Services, GPS and Vanguard Logistics. The group operates 177 offices and
agencies worldwide in over 105 countries.
About NACA Logistics (USA) Inc
NACA Logistics (USA) Inc is one of the largest Non Vessel operating common
carriers (NVOCC) operating out of the USA and is the first neutral
transportation group in the US to combine the businesses of NVOCC,
warehousing and information technology. For
further information visit
www.nacalogistics.com.
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