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STG Stonepath Grp.

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Share Name Share Symbol Market Type
Stonepath Grp. AMEX:STG AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Stonepath Logistics Expands Projects Division to Support Growth in Infrastructure and Energy Activity Worldwide; Key Project Spe

14/10/2005 3:55pm

Business Wire


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.

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