Stonepath Secures Contract with Brazilian Firm Tapping Demand For GE Locomotives

Stonepath Group (AMEX:STG), the global logistics
services organization, today announced the Company has been awarded a
significant logistics project by Sao Paulo-based EIF (Engenharia e
Investimentos Ferroviarios), an engineering firm specializing in
reconditioning locomotives. Revenue for the project is in excess of
$2.5 million.
   EIF has engaged Stonepath to orchestrate the complete end-to-end
logistics solution for the movement of 53 pre-owned General Electric
locomotives, each weighing 160 metric tons, from their points of
origin in the United States to Santos, Brazil where they are
reconditioned and sold to major Brazilian Railway companies.
   EIF expects to purchase another 400 units within the next two
years due to strong demand for pre-owned General Electric locomotives
in Brazil.
   "We are very pleased EIF has chosen Stonepath as their provider of
choice for this complex, heavy-lift logistics operation," said Lothar
Kammerer, Senior Vice President of Project Cargo Services for
Stonepath Logistics. "Our team, and particularly Marcelo Rocha,
Stonepath's Project Manager for South America, has done an outstanding
job positioning us for success in this important region and helping to
establish Stonepath as a leading provider of integrated logistics
solutions worldwide."

   Stonepath Project Services
   Based in Houston, Texas, with capabilities worldwide, Stonepath
Project Services group provides integrated logistics solutions for
large-scale, complex operations. Stonepath provides a complete
outsourced solution in global integrated logistics by monitoring
project activity from "Factory to Foundation."

   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.
For more information about the Company, please contact John Brine at
[phone].