Definitely some large buys at this price. 389k buy at .026 and numerous at 100k. I'd think this is a sign of consolidation? Anyone else's opinion?
http://stockcharts.com/def/servlet/SC.web?c=CRGO,uu[m,a]daclyyay[da][pc20!h.02,.20!f][vc60][iUf!Lk14]&pref=G
http://stockcharts.com/def/servlet/SC.web?c=crgo,uu[m,a]daclyyay[da][pc20!h.02,.20!f][vc60][iUa12,26,9!Lc20]&pref=G
MACD is up, whats more exciting is the business plan they have going forward and what's in the pipe. Definitely worth checking out.
http://www.allpennystocks.com/apsc/us/stock_profiles/crgo.htm
Penny Stock Profile . . . Cargo Connection Logistics Corp.
(OTCBB: CRGO)
Cargo Connection Logistics Corp. Website: Click Here
--------------------------------------------------------------------------------
Exchange: OTC:BB
Market Cap: 880 K
Outstanding Shares: 46.1 Million
52 Low / High : $ 0.019 / $ 0.026
Price June 20, 2005 $ 0.019
CRGO Recent Stock Quote and News: Click Here
Information As Of June 20, 2005
'The two New York-based transportation/logistics companies, which were previously privately-held, had combined 2004 revenues of $18 million and are currently on a run-rate of more than $20 million for 2005.'
Overview
Cargo Connection Logistics Corp. is a leader in world trade logistics. Headquartered adjacent to JFK International Airport, the company is a transportation logistics provider for shipments importing into and exporting out of the United States, especially through Chicago, Illinois, JFK, New York, Miami, Florida or Atlanta, Georgia with service areas throughout the Unites States and North America.
Mid-Coast Management is a container freight station specifically designed to handle internationally arriving freight for Mast Industries, the major supplier to Limited Brands, one of the world's largest multi-brand specialty retailers, as well as many other significant fashion brands. Since its inception, Mid-Coast Management, Inc. has developed relationships with many other retailers and works with Freight Forwarders from around the world.
--------------------------------------------------------------------------------
Investment Highlights
ChampionLyte Holdings recently acquired Cargo Connection Logistics Corp. and Mid-Coast Management
The two New York-based transportation/logistics companies, which were previously privately-held, had combined 2004 revenues of $18 million and are currently on a run-rate of more than $20 million for 2005.
Seasoned management team with the president guiding CRGO from it's infancy.
Currently the two companies have a total of 87 full-time employees.
--------------------------------------------------------------------------------
Profile
Cargo Connection Logistics Corp. is a transportation logistics provider based in Inwood, NY. Cargo Connection is engaged primarily in hauling truckload and less-than-truckload (LTL) shipments of general commodities in both interstate and intrastate commerce. Cargo Connection operates a domestic and an international logistics operation for all classifications of freight.
The movement of this cargo is accomplished through a network of company drivers and owner-operators that provide needed resources for the book of business and the operational skill to maintain their customer base. Cargo Connection provides the back office operation for the companies, allowing them to focus on the business itself while Cargo Connection deals with the insurance, financial and regulatory portions of the business.
In addition to its truck operation, Cargo Connection is in the warehouse and distribution movement of dry goods from its inbound locations at Atlanta, GA; Bensenville, IL; Columbus, OH; Inwood, NY and Miami, FL to points throughout the United States. These operations enhance the appeal to entrepreneurial agents mainly because it provides built-in backhauls from primary markets for their truck operations.
Cargo Connection provides carriers with, amongst a host of other aspects of air carrier handling, electronic messaging, customer service, surface transportation, ULD control, and collection of monies.
In the Chicago area, Cargo Connection operates a US Customs Bonded Container Freight Station in Bensenville, IL. It is a 92,000 sq. ft. facility that also operates as the Midwest trucking center.
In New York, the USA headquarters, Cargo Connection operates a 105,000-sq. ft. US Customs Bonded Container Freight Station. At this location, Cargo Connection provides the build-up and breakdown of air cargo for airlines and freight forwarders. At one time Cargo Connection's largest airline partner in New York was El-Al Israel Airlines. Cargo Connection provided off Airport pallet building services for them.
In the southeast Cargo Connection operates a 27,520 sq. ft. US Customs Bonded Container Freight Station just off the Hartsfield-Jackson International Airport in Atlanta and a 36,000 sq. ft. US Customs Bonded Container Freight Station in Miami near Miami International Airport. Both operations serve as trucking operations for the region as well.
In Columbus, Ohio, Cargo Connection currently operates a 52,000 sq. ft. US Customs Bonded Container Freight Station and trucking operation.
Currently Cargo Connection has a fleet of approximately twenty 5000 pound Yale, Toyota and Komatsu Forklifts. Most of these trucks is leased with full maintenance agreements to ensure that the company is never left without the proper equipment. In addition, in those locations where it handles ULD's for the airlines, Cargo Connection has 15,000 lb. capacity trucks so the loaded ULD's can be moved efficiently.
--------------------------------------------------------------------------------
Product Information
AIR EXPEDITED TRUCKING SERVICE
A well organized controlled truck service to provide scheduled service for all Airlines from gateway to door or door to gateway. In most cases packages picked up or delivered to any station in their system will be delivered to any of their other stations by the following day.
OCEAN AND RAILHEAD PICKUPS
A well developed service designed around an air and expedited service to give the company's customers the advantages of shipping air while paying for ocean service. This service is available for full containers or LCL from either the railheads or the ocean ports.
EXPEDITED TRUCKING
Through the use of the company's own equipment, as well a great brokerage department, the company is able to provide dedicated and dependable service to or from any point in North America, including Canada and Mexico.
CONTAINER FREIGHT STATION OPERATIONS
Through the company's CFS they are able to receive international shipments (air or ocean) and de-containerize them before they clear United States Customs, while providing different levels of warehouse and distribution services. This service is currently available in JFK (New York), CMH (Columbus), MIA (Miami), ORD (Chicago) and ATL (Atlanta).
BREAK-BULK DISTRIBUTION SERVICE
Each of the company's terminals are able to receive large shipments or trailer loads to be broken down and re-shipped to multiple destinations, either cleared or inbond.
--------------------------------------------------------------------------------
Services Provided
LTL SERVICE FROM AIRPORT TO AIRPORT
LTL SERVICE FROM AIRPORT TO DOOR
LTL SERVICE FROM DOOR TO AIRPORT
TRUCK LOAD SERVICE TO ANYWHERE IN NORTH AMERICA
SPECIALIZED EQUIPMENT (FLATBEDS, DROPDECKS, ROLLERBEDS, ETC)
NEXT DAY SERVICE TO MOST DESTINATIONS
24 HOUR A DAY, 7 DAY A WEEK AVAILABILITY
ACCURATE COMPUTERIZED TRACKING & TRACING
ELECTRONIC DATA INTERCHANGE (EDI) CAPABILITIES
LOCAL CUSTOMER SERVICE DEPARTMENTS
KNOWLEDGEABLE COURTEOUS CUSTOMER SERVICE AGENTS
FLEXIBLE BILLING OPTIONS
LOW CLAIM RATIO
CONTAINER FREIGHT STATION OPERATIONS
INTERMODEL DEPARTMENT FOR BOTH LCL AND FULL OCEAN CONTAINERS.
HIGH VALUE CARGO INSURANCE AVAILABLE
--------------------------------------------------------------------------------
Recent News and Press Releases
• Cargo Connection Logistics Holding, Inc. Files 10-QSB(Tue, June 14)
• ChampionLyte Holdings, Inc. Changes Name to Cargo Connection Logistics Holding, Inc. To Better Reflect New Corporate Direction (Tue, May 31)
--------------------------------------------------------------------------------
Management Team
Jesse Dobrinsky - President and CEO
Jesse was born in 1956. He was raised and educated in New York. Jesse has been and entrepreneur all of his life. While working his way through college, Jesse worked as an assistant pharmacist and an assistant manager for Edison Brothers Shoes. In mid-1978 he and an associate opened a retail stereo shop called Sounds Incredible. They grew this business until the sales volume was in excess of one million dollars per year. In 1981, Jesse was enticed into a family restaurant business where he spent the next year building up the business. In 1982, Jesse was given the opportunity to open a sales agency for a group of Midwestern meat haulers. This company was called Coast Dispatch, Inc. It was started in a small office in Manhattan and its focus was to sell westbound freight from the Northeastern portion of the United States. As this business grew, the customers began to inquire about trucks to haul freight throughout the country. In early 1983 Coast Dispatch, Inc. became an irregular route common carrier. Over the next twelve years Coast Dispatch, Inc. grew to over 40 company trucks and ten million dollars in sales.
In 1995 Landstar Inway approached Jesse and asked him to open an Air-Freight Division for the Landstar group. This division was called Cargo Connection Logistics. With Jesse at the helm the company grew from less then three million dollars in sales in 1996 to over five million dollars in sales in 1997. In late 1997, Landstar Inway was directed to refocus on their core business and to disband any business that was not related to that core business. In 1997, Cargo Connection Logistics became a non-owned division of ARL and in 1998, did in excess of eight million dollars in sales. In 1999 the sales volume exceeded twelve million dollars and Cargo Connection Logistics became the largest non-owned division of ARL.
Scott Goodman - COO and CFO
Scott was born in 1959. He attended schools in New York and Massachusetts. Scott holds a Bachelor of Science Degree in Business Administration with a major in accounting from Northeastern University. He also obtained his MBA from Adelphi University with majors in International Business and Corporate Finance.
Scott began his career with Norman Goldstein Associates where his primary duties were as Controller for NGA and as Director of Operations for its subsidiary company, E & N Plastics. It was at this company that Scott began to travel the world. In 1983, Scott joined M. Blumenthal Graphics, a New York City printing house, as Controller and later as Director of Operations.
In 1988, Scott went to work for Lafayette Precision Products. As Controller and Director of Purchasing, Scott was responsible for overseeing and managing the installation and implementation of a new computer system. In addition, he was very involved with developing new procedures for purchasing, inventory control and financial reporting. When Reichel & Drews bought the company and ultimately moved the operation to their headquarters in Itasca, IL in 1990, Scott went to work for Landes Marketing. At Landes Marketing Scott held dual positions as their Vice President and General Manager. He joined them in order to restructure their financial debt and reduce costs after heavy losses were sustained by the Landes family. Landes was a leader in the marketing and distribution of silver-plated tabletop and giftware. It was in this position that Scott began to develop a deeper understanding of the import business. One of the vendors Scott became intimate with was Ben Forman & Sons. In 1992, when Landes Marketing was being sold, Scott went to work for Ben Forman & Sons where he was responsible for the financial area of the multi-million dollar manufacturing company. He was also responsible for the company's related real-estate ventures.
--------------------------------------------------------------------------------
Contacts
Head Office
Cargo Connection Logistics Corp.
600 Bayview Ave.
Inwood, NY 11096
Tel:516-239-7000
Fax:516-239-0411
Toll Free: 1-800-747-0200
--------------------------------------------------------------------------------
SEC Filings
CRGO filings with the SEC can be found here. All Fillings are current and the Company is fully reporting.
http://stockcharts.com/def/servlet/SC.web?c=CRGO,uu[m,a]daclyyay[da][pc20!h.02,.20!f][vc60][iUf!Lk14]&pref=G
http://stockcharts.com/def/servlet/SC.web?c=crgo,uu[m,a]daclyyay[da][pc20!h.02,.20!f][vc60][iUa12,26,9!Lc20]&pref=G
MACD is up, whats more exciting is the business plan they have going forward and what's in the pipe. Definitely worth checking out.
http://www.allpennystocks.com/apsc/us/stock_profiles/crgo.htm
Penny Stock Profile . . . Cargo Connection Logistics Corp.
(OTCBB: CRGO)
Cargo Connection Logistics Corp. Website: Click Here
--------------------------------------------------------------------------------
Exchange: OTC:BB
Market Cap: 880 K
Outstanding Shares: 46.1 Million
52 Low / High : $ 0.019 / $ 0.026
Price June 20, 2005 $ 0.019
CRGO Recent Stock Quote and News: Click Here
Information As Of June 20, 2005
'The two New York-based transportation/logistics companies, which were previously privately-held, had combined 2004 revenues of $18 million and are currently on a run-rate of more than $20 million for 2005.'
Overview
Cargo Connection Logistics Corp. is a leader in world trade logistics. Headquartered adjacent to JFK International Airport, the company is a transportation logistics provider for shipments importing into and exporting out of the United States, especially through Chicago, Illinois, JFK, New York, Miami, Florida or Atlanta, Georgia with service areas throughout the Unites States and North America.
Mid-Coast Management is a container freight station specifically designed to handle internationally arriving freight for Mast Industries, the major supplier to Limited Brands, one of the world's largest multi-brand specialty retailers, as well as many other significant fashion brands. Since its inception, Mid-Coast Management, Inc. has developed relationships with many other retailers and works with Freight Forwarders from around the world.
--------------------------------------------------------------------------------
Investment Highlights
ChampionLyte Holdings recently acquired Cargo Connection Logistics Corp. and Mid-Coast Management
The two New York-based transportation/logistics companies, which were previously privately-held, had combined 2004 revenues of $18 million and are currently on a run-rate of more than $20 million for 2005.
Seasoned management team with the president guiding CRGO from it's infancy.
Currently the two companies have a total of 87 full-time employees.
--------------------------------------------------------------------------------
Profile
Cargo Connection Logistics Corp. is a transportation logistics provider based in Inwood, NY. Cargo Connection is engaged primarily in hauling truckload and less-than-truckload (LTL) shipments of general commodities in both interstate and intrastate commerce. Cargo Connection operates a domestic and an international logistics operation for all classifications of freight.
The movement of this cargo is accomplished through a network of company drivers and owner-operators that provide needed resources for the book of business and the operational skill to maintain their customer base. Cargo Connection provides the back office operation for the companies, allowing them to focus on the business itself while Cargo Connection deals with the insurance, financial and regulatory portions of the business.
In addition to its truck operation, Cargo Connection is in the warehouse and distribution movement of dry goods from its inbound locations at Atlanta, GA; Bensenville, IL; Columbus, OH; Inwood, NY and Miami, FL to points throughout the United States. These operations enhance the appeal to entrepreneurial agents mainly because it provides built-in backhauls from primary markets for their truck operations.
Cargo Connection provides carriers with, amongst a host of other aspects of air carrier handling, electronic messaging, customer service, surface transportation, ULD control, and collection of monies.
In the Chicago area, Cargo Connection operates a US Customs Bonded Container Freight Station in Bensenville, IL. It is a 92,000 sq. ft. facility that also operates as the Midwest trucking center.
In New York, the USA headquarters, Cargo Connection operates a 105,000-sq. ft. US Customs Bonded Container Freight Station. At this location, Cargo Connection provides the build-up and breakdown of air cargo for airlines and freight forwarders. At one time Cargo Connection's largest airline partner in New York was El-Al Israel Airlines. Cargo Connection provided off Airport pallet building services for them.
In the southeast Cargo Connection operates a 27,520 sq. ft. US Customs Bonded Container Freight Station just off the Hartsfield-Jackson International Airport in Atlanta and a 36,000 sq. ft. US Customs Bonded Container Freight Station in Miami near Miami International Airport. Both operations serve as trucking operations for the region as well.
In Columbus, Ohio, Cargo Connection currently operates a 52,000 sq. ft. US Customs Bonded Container Freight Station and trucking operation.
Currently Cargo Connection has a fleet of approximately twenty 5000 pound Yale, Toyota and Komatsu Forklifts. Most of these trucks is leased with full maintenance agreements to ensure that the company is never left without the proper equipment. In addition, in those locations where it handles ULD's for the airlines, Cargo Connection has 15,000 lb. capacity trucks so the loaded ULD's can be moved efficiently.
--------------------------------------------------------------------------------
Product Information
AIR EXPEDITED TRUCKING SERVICE
A well organized controlled truck service to provide scheduled service for all Airlines from gateway to door or door to gateway. In most cases packages picked up or delivered to any station in their system will be delivered to any of their other stations by the following day.
OCEAN AND RAILHEAD PICKUPS
A well developed service designed around an air and expedited service to give the company's customers the advantages of shipping air while paying for ocean service. This service is available for full containers or LCL from either the railheads or the ocean ports.
EXPEDITED TRUCKING
Through the use of the company's own equipment, as well a great brokerage department, the company is able to provide dedicated and dependable service to or from any point in North America, including Canada and Mexico.
CONTAINER FREIGHT STATION OPERATIONS
Through the company's CFS they are able to receive international shipments (air or ocean) and de-containerize them before they clear United States Customs, while providing different levels of warehouse and distribution services. This service is currently available in JFK (New York), CMH (Columbus), MIA (Miami), ORD (Chicago) and ATL (Atlanta).
BREAK-BULK DISTRIBUTION SERVICE
Each of the company's terminals are able to receive large shipments or trailer loads to be broken down and re-shipped to multiple destinations, either cleared or inbond.
--------------------------------------------------------------------------------
Services Provided
LTL SERVICE FROM AIRPORT TO AIRPORT
LTL SERVICE FROM AIRPORT TO DOOR
LTL SERVICE FROM DOOR TO AIRPORT
TRUCK LOAD SERVICE TO ANYWHERE IN NORTH AMERICA
SPECIALIZED EQUIPMENT (FLATBEDS, DROPDECKS, ROLLERBEDS, ETC)
NEXT DAY SERVICE TO MOST DESTINATIONS
24 HOUR A DAY, 7 DAY A WEEK AVAILABILITY
ACCURATE COMPUTERIZED TRACKING & TRACING
ELECTRONIC DATA INTERCHANGE (EDI) CAPABILITIES
LOCAL CUSTOMER SERVICE DEPARTMENTS
KNOWLEDGEABLE COURTEOUS CUSTOMER SERVICE AGENTS
FLEXIBLE BILLING OPTIONS
LOW CLAIM RATIO
CONTAINER FREIGHT STATION OPERATIONS
INTERMODEL DEPARTMENT FOR BOTH LCL AND FULL OCEAN CONTAINERS.
HIGH VALUE CARGO INSURANCE AVAILABLE
--------------------------------------------------------------------------------
Recent News and Press Releases
• Cargo Connection Logistics Holding, Inc. Files 10-QSB(Tue, June 14)
• ChampionLyte Holdings, Inc. Changes Name to Cargo Connection Logistics Holding, Inc. To Better Reflect New Corporate Direction (Tue, May 31)
--------------------------------------------------------------------------------
Management Team
Jesse Dobrinsky - President and CEO
Jesse was born in 1956. He was raised and educated in New York. Jesse has been and entrepreneur all of his life. While working his way through college, Jesse worked as an assistant pharmacist and an assistant manager for Edison Brothers Shoes. In mid-1978 he and an associate opened a retail stereo shop called Sounds Incredible. They grew this business until the sales volume was in excess of one million dollars per year. In 1981, Jesse was enticed into a family restaurant business where he spent the next year building up the business. In 1982, Jesse was given the opportunity to open a sales agency for a group of Midwestern meat haulers. This company was called Coast Dispatch, Inc. It was started in a small office in Manhattan and its focus was to sell westbound freight from the Northeastern portion of the United States. As this business grew, the customers began to inquire about trucks to haul freight throughout the country. In early 1983 Coast Dispatch, Inc. became an irregular route common carrier. Over the next twelve years Coast Dispatch, Inc. grew to over 40 company trucks and ten million dollars in sales.
In 1995 Landstar Inway approached Jesse and asked him to open an Air-Freight Division for the Landstar group. This division was called Cargo Connection Logistics. With Jesse at the helm the company grew from less then three million dollars in sales in 1996 to over five million dollars in sales in 1997. In late 1997, Landstar Inway was directed to refocus on their core business and to disband any business that was not related to that core business. In 1997, Cargo Connection Logistics became a non-owned division of ARL and in 1998, did in excess of eight million dollars in sales. In 1999 the sales volume exceeded twelve million dollars and Cargo Connection Logistics became the largest non-owned division of ARL.
Scott Goodman - COO and CFO
Scott was born in 1959. He attended schools in New York and Massachusetts. Scott holds a Bachelor of Science Degree in Business Administration with a major in accounting from Northeastern University. He also obtained his MBA from Adelphi University with majors in International Business and Corporate Finance.
Scott began his career with Norman Goldstein Associates where his primary duties were as Controller for NGA and as Director of Operations for its subsidiary company, E & N Plastics. It was at this company that Scott began to travel the world. In 1983, Scott joined M. Blumenthal Graphics, a New York City printing house, as Controller and later as Director of Operations.
In 1988, Scott went to work for Lafayette Precision Products. As Controller and Director of Purchasing, Scott was responsible for overseeing and managing the installation and implementation of a new computer system. In addition, he was very involved with developing new procedures for purchasing, inventory control and financial reporting. When Reichel & Drews bought the company and ultimately moved the operation to their headquarters in Itasca, IL in 1990, Scott went to work for Landes Marketing. At Landes Marketing Scott held dual positions as their Vice President and General Manager. He joined them in order to restructure their financial debt and reduce costs after heavy losses were sustained by the Landes family. Landes was a leader in the marketing and distribution of silver-plated tabletop and giftware. It was in this position that Scott began to develop a deeper understanding of the import business. One of the vendors Scott became intimate with was Ben Forman & Sons. In 1992, when Landes Marketing was being sold, Scott went to work for Ben Forman & Sons where he was responsible for the financial area of the multi-million dollar manufacturing company. He was also responsible for the company's related real-estate ventures.
--------------------------------------------------------------------------------
Contacts
Head Office
Cargo Connection Logistics Corp.
600 Bayview Ave.
Inwood, NY 11096
Tel:516-239-7000
Fax:516-239-0411
Toll Free: 1-800-747-0200
--------------------------------------------------------------------------------
SEC Filings
CRGO filings with the SEC can be found here. All Fillings are current and the Company is fully reporting.
Good luck all
