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STG Stonepath Grp.

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Share Name Share Symbol Market Type
Stonepath Grp. AMEX:STG AMEX Ordinary Share
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Stonepath Awarded Major Logistics Project by MARTCO, Leading Producer of Forest Products

13/09/2005 1:33pm

Business Wire


Stonepath (AMEX:STG)
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Stonepath Group (AMEX:STG), the global logistics services organization, today announced the Company has been awarded a significant logistics project by Alexandria, Louisiana-based MARTCO, LP, producers of innovative forest products. Revenue for this project is well in excess of $1 million. MARTCO has engaged Stonepath to orchestrate the complete logistics solution for the movement of their oriented strand board (OSB) production line from Germany and Canada to Oakdale, Louisiana. The comprehensive end-to-end solution encompasses transportation, insurance and customs clearance for equipment, which includes heavy freight (up to 110 metric tons) that will travel on special vehicles from Windsor, Ontario, to Louisiana, as well as via two charter vessels from Hamburg, Germany. Lothar Kammerer, Senior Vice President of Project Cargo Services for Stonepath Logistics, commented, "We are extremely honored that MARTCO has chosen Stonepath as their third-party logistics provider for this important manufacturing project. Stonepath's Project Services group is committed to exceeding client expectations and continues to demonstrate our ability to support major logistics undertakings worldwide." About MARTCO (www.martco.com) Roy O. Martin Lumber Management, L.L.C. (ROM), general partner of Martco Limited Partnership, has been an Alexandria, Louisiana-based producer of innovative forest products since 1923. Today, ROM has a land base of 580,000 acres of prime southern pine and fine hardwoods throughout Louisiana. With sound high-yield forestry programs which began in the 1950's, ROM continues to take special pride in timber as a uniquely renewable resource. ROM is the only pine and hardwood landowner that is Forest Stewardship Council certified for environmentally friendly operations. Stonepath Project Services Based in Houston, Texas, North America's number one project port, the Stonepath Project Services group provides integrated logistics solutions for large-scale, complex operations worldwide. About Stonepath Group (AMEX:STG) Stonepath (www.stonepath.com) is a global, third-party logistics organization providing a full range of transportation and distribution solutions to multinational and local businesses. Through a strategic acquisition program and strong organic growth, the Company has expanded rapidly, establishing a network of owned operations throughout North America, the Asia Pacific region and Latin America. Stonepath provides a full-range of time-definite transportation and distribution solutions to a diverse client mix of retail leaders, automotive and technology concerns, government agencies, and defense contractors. For more information about the Company, please contact John Brine at (212) 254-8280.

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