Target Logistics Acquires Assets of Capitaland Express, Inc.

  
    
  
  
    
      Target Logistics, Inc. (AMEX:TLG), a domestic and international freight 
      forwarder and logistics provider, today announced that its wholly owned 
      subsidiary Target Logistics Services, Inc. (“TLSI”) 
      has acquired certain assets of Capitaland Express, Inc., a freight 
      forwarder based in Albany, New York, which provides a full range of 
      services to the upstate New York area. Capitaland Express had over $10 
      million of revenue in its fiscal year ended April 30, 2006. Terms of the 
      acquisition were not disclosed.
    
    
      Capitaland Express was founded in 1988 by Thomas Valentine, who will 
      stay on and continue to oversee operations at the Albany station for 
      TLSI. Capitaland was represented by Herron & Associates LLC in 
      transaction negotiations with Target.
    
    
      “This acquisition provided an excellent 
      opportunity for Target to have a seasoned professional lead a group of 
      veteran employees in a solid market,” Stuart 
      Hettleman, Chief Executive Officer of Target Logistics said. “We 
      welcome Tom and all of Capitaland Express into the Target family, and 
      believe their history of success will continue and be enhanced under the 
      Target umbrella.”
    
    
      “Joining Target Logistics presented an 
      outstanding solution for Capitaland Express to provide the advanced IT 
      benefits that the market requires and for which Target is known,” 
      said Thomas Valentine, president of Capitaland. “In 
      addition, the acquisition allows Capitaland to remain—as 
      it has for over eighteen years-- a valued partner with its customers.”
    
    
      Target Logistics, Inc. provides domestic and international time definite 
      freight forwarding and logistics services through its wholly owned 
      subsidiary, Target Logistic Services, Inc. Target has a network of 
      offices in 35 cities throughout the United States and a worldwide agent 
      network with coverage in over 70 countries. Its freight forwarding 
      services include arranging for the total transport of customers' 
      freight, including providing door to door service, distributions and 
      reverse logistics.
    
    
      Statements contained in this press release that are not historical facts 
      are forward-looking statements as that term is defined in the Private 
      Securities Litigation Reform Act of 1995. Although Target Logistics 
      believes that the expectations reflected in such forward-looking 
      statements are reasonable, the forward-looking statements are subject to 
      risks and uncertainties that could cause actual results to differ 
      materially from those projections.
    
  
Target Logistics, Inc. (AMEX:TLG), a domestic and international
freight forwarder and logistics provider, today announced that its
wholly owned subsidiary Target Logistics Services, Inc. ("TLSI") has
acquired certain assets of Capitaland Express, Inc., a freight
forwarder based in Albany, New York, which provides a full range of
services to the upstate New York area. Capitaland Express had over $10
million of revenue in its fiscal year ended April 30, 2006. Terms of
the acquisition were not disclosed.

   Capitaland Express was founded in 1988 by Thomas Valentine, who
will stay on and continue to oversee operations at the Albany station
for TLSI. Capitaland was represented by Herron & Associates LLC in
transaction negotiations with Target.

   "This acquisition provided an excellent opportunity for Target to
have a seasoned professional lead a group of veteran employees in a
solid market," Stuart Hettleman, Chief Executive Officer of Target
Logistics said. "We welcome Tom and all of Capitaland Express into the
Target family, and believe their history of success will continue and
be enhanced under the Target umbrella."

   "Joining Target Logistics presented an outstanding solution for
Capitaland Express to provide the advanced IT benefits that the market
requires and for which Target is known," said Thomas Valentine,
president of Capitaland. "In addition, the acquisition allows
Capitaland to remain--as it has for over eighteen years-- a valued
partner with its customers."

   Target Logistics, Inc. provides domestic and international time
definite freight forwarding and logistics services through its wholly
owned subsidiary, Target Logistic Services, Inc. Target has a network
of offices in 35 cities throughout the United States and a worldwide
agent network with coverage in over 70 countries. Its freight
forwarding services include arranging for the total transport of
customers' freight, including providing door to door service,
distributions and reverse logistics.

   Statements contained in this press release that are not historical
facts are forward-looking statements as that term is defined in the
Private Securities Litigation Reform Act of 1995. Although Target
Logistics believes that the expectations reflected in such
forward-looking statements are reasonable, the forward-looking
statements are subject to risks and uncertainties that could cause
actual results to differ materially from those projections.