China Logistics Group Sees Improving
Outlook for Its Logistics Operations in China for 2013
MacReport Media "Press Releases"
China Logistics Group, Inc. (OTC QB: CHLO), an international
freight forwarder and logistics management company, announced today
that the Company's outlook for its logistics operations in China
for 2013 is improving.
China Logistics Group, Inc. (OTCQB: CHLO) is a U.S. company
doing business in China
through its subsidiary ShandongJiajiaInternational
Freight & Forwarding Co., Ltd. (Shandong Jiajia).
Established in 1999; Shandong Jiajiais
an international freight forwarder and logistics manager located in China .
Shandong Jiajiaacts
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 visithttp://www.chinalogisticsinc.com.
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 demand for overseas shipping our services,revenues,
our ability to reduce our client's transportation costs.andother
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 .
MacReport Media "Press Releases"
Over the past two years
the logistics and freight forwarding industry in China
has suffered from both a weakness in global demand as a result of the
European debt crisis as well as a significant slowdown in the domestic
economy.During this time China
Logistics Group has worked to diversify its client base and
expand the scope of its services which includes receipt of goods,
warehousing, transporting shipments,consolidationof
freight, customs declaration, inspection declaration, multimodal
transport, and combined large-scale logistics.
Recent reports with
regard to the Chinese economy are pointing toward an economic recovery
beginning in 2013.Additionally, while there is still an
overcapacity issue in the overseas shipping industry, the amount of
container tonnage moving through major Chinese ports is rising and
forecast to rise further in 2013.Management believes China
Logistics Group is well positioned to take advantage of these
trends as the services it offers help companies reduce their overall
transportation costs.As a result management believes
overall revenue for the company will reach $30 million
for the full year of 2013.
DannyChen ,Chairman
and CEO of China
Logistics Group comments, "China
has become a key driver of the global economy and an improving
domestic outlook coupled continued recovery in the
United States and parts of Europe
should lead to a significant increase in overall shipping tonnage.We
believe that our wide variety of services designed to help companies
better manage their logistics place us in a strong position to benefit
from the current economic trends in 2013 and beyond."
About China
Logistics Group, Inc.
Safe Harbor Statement
CONTACT:
SOURCE China
Logistics Group, Inc.
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1 comment:
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