Stonepath (AMEX:STG)
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Stonepath Group (AMEX:STG), the global logistics
services organization, has accelerated efforts to meet the growing
demand for integrated logistics solutions for large-scale, global
logistics operations in the oil and energy, construction and
manufacturing industries. Worldwide developments including the rapid
growth of China, India, and Pakistan, the war in Iraq and
reconstruction efforts in the Middle East, plus the major rebuilding
effort in the wake of devastating hurricanes and earthquakes, have
significantly increased the need for global investment in key
infrastructure and energy projects -- complex logistics tasks that
demand precisely tailored solutions.
To respond to this demand and provide integrated logistics
solutions for these intricate operations worldwide, Stonepath recently
expanded its logistics team in Houston, Texas, North America's number
one project port, as well as establishing a dedicated project team in
Shanghai, PRC and increasing capabilities in the Czech Republic.
Stonepath's Chairman of the Board, Dennis Pelino, remarked,
"Expanding our reach in the market for global project logistics is an
important strategic focus for the Stonepath organization as we
strengthen our core competitive advantages and build upon our success.
Our Projects group, headed by the immensely capable Lothar Kammerer,
recently promoted to Senior Vice President, has the depth of
experience and relationships to leverage the Stonepath network and win
additional large-scale infrastructure and energy projects worldwide."
Stonepath provides a complete outsourced solution in global
integrated logistics by monitoring project activity from "Factory to
Foundation" and assisting clients with every phase of a project
including planning and consultation, heavy lift operations, sourcing,
consolidation and distribution, warehousing, full and part charters,
insurance, export packing and customs clearance and documentation. The
division has recently managed projects including major energy
installations in Brazil, Turkey and Jordan for General Electric Power
Systems and the movement of an oriented strand board (OSB) production
line from Germany and Canada to Oakdale, Louisiana, for Alexandria,
Louisiana-based MARTCO, LP.
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.