Stonepath Group Adds Four New Logistics Businesses in Asia

Stonepath Group Adds Four New Logistics Businesses in Asia


Expansion in Hong Kong, Singapore, Shanghai and Malaysia

PHILADELPHIA, PA, Jan. 6 /Xinhua-PRNewswire/ -- Stonepath Group (AMEX:STG), a
global logistics services organization, has significantly expanded its Asian
network through several recent acquisitions in Hong Kong, Shanghai, Singapore
and Malaysia.

'We welcome our new partners to the Stonepath family of companies,' said
Dennis Pelino, Chief Executive Officer.  "Stonepath has made considerable
progress in developing our Asian network over the past several months.  We are
gaining strong partners that enhance our ocean freight service and international
airfreight capabilities and will help fuel our growth in this key and growing
market.  These transactions, as well as the soon to be completed Shaanxi
Sunshine Cargo Services Co., Ltd transaction in China, put us in a great
position to serve the expanding base of customers looking to execute their
supply-chain strategies on a global basis."

The recent acquisitions, first announced December 29, 2003, include a 70%
interest in the business operations of Hong Kong-based East Ocean Logistics,
which is being combined with Stonepath's existing Hong Kong operations and will
broaden the organization's ocean carriage capabilities throughout China and
Southeast Asia.

Stonepath has also acquired a 70% interest in the business operations of Planet
Logistics Express (Singapore) Pte. Ltd., a Singapore-based operation. The Planet
acquisition complements Stonepath's existing Asian network, and provides a
significant air cargo network in Singapore and Southeast Asia.  In addition, the
Company acquired a 70% interest in the business operations of Group Logistics
Pte. Ltd., a start-up operation in Shanghai that will provide a platform to
penetrate the air cargo markets in Shanghai.

Finally, Stonepath has acquired a 70% interest in the Malaysian operations of
G-Link Express in Penang, Kuala Lumpur and Johor Barhu.  The Malaysian
acquisitions reflect the Company's strategy to continue to acquire affiliate
offices from the G-Link group of companies which started with the acquisition of
a 70% interest in the G-Link Singapore and Cambodia operations in August of
2003.

Tommy Koo, founder of East Ocean, said, 'Joining Stonepath is a very positive
development for the customers and employees of East Ocean.'  Mr. Koo becomes
Managing Director of the company's Hong Kong operations.

Eddy Quek, Managing Director, Planet Logistics remarked, 'We are very pleased
to become part of Stonepath's international team.  We look forward to expanding
Stonepath's airfreight capabilities as a result of this partnership.'  Mr. Quek
becomes the Director of Stonepath's airfreight operations in Asia.

Melvin Law, a founder of G-Link and Managing Director of Stonepath's Asian
Operations, commented, 'This is a very exciting development in the growing
relationship between G-Link and Stonepath.  G-Link's Malaysian operations are a
solid fit for the Stonepath international network.'

About Stonepath Group (AMEX:STG)

Stonepath Group (www.stonepath.com) is a global logistics services organization
that integrates established logistics companies with innovative technologies. 
Through its operating divisions, Stonepath Logistics offers a full-range of
time-definite transportation and distribution solutions to a wide range of
global and local businesses.  For more information about the Company, please
contact John Brine at [phone]. 

DATASOURCE: Stonepath Group



CONTACT:  John Brine of Stonepath Group, [phone] 



Web site:  http://www.stonepath.com/ 

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