CRGO.OB

[52 windsor deluxe]

will hold on crgo only because i don't have a lot into it......will try to recover....will bide my time on such a small amount.....also i don't think msep will fall below .014 anymore...well i'm off to work....see you guys later........

[xantibann]

Holding CRGO.  Charts show oversold.  RSI around 30 Full Stochasitcs below 20.  I will accumulate and hold.

[nextmove]

TA says: perfect head and shoulders so we should be heading south 
Anyway  - for me this is not a technical play but a fundamental.

As I see it:
With 20 M$ revenue and 0.68 M$ market cap -  PPS should reach at least 0.25 or there is serious financial problems and PPS is heading for 0.000?

So I´m holding until there are more news, results etc. out. I´m holding - for this one it´s all or nothing. Maybe the market knows something about CRGO that I don´t or there´s something I´ve misunderstood. If so, please enlighten me.

[atalltexan]

Might be oversold, but it broke thru support today (50 day), so not sure it has reached bottom yet.

[johnathanchill]

keep it on the radar. After all if it drops some more and you get back in on the next strong Volume it may go back up to it's .025 levels. Would not be a bad investment.

Cheers,

[eduardvs]

Just recently got out before the drop, but wouldn't mind getting back in for the ride back up.  Not quite sure though where the bottom might be now.

[evgeny05]

Cargo Connection Logistics Corp.'s Miami Facility Receives Approval as U.S. Customs Bonded Freight Station; Company Anticipates $500,000 of Additional Revenue with Minimal Associated Costs
Sep 12, 2005 8:00:00 AM
Copyright Business Wire 2005
INWOOD, N.Y.--(BUSINESS WIRE)--Sept. 12, 2005--

Cargo Connection Logistics Holding, Inc. (OTCBB:CRGO), today announced that its wholly owned subsidiary, Cargo Connection Logistics Corp., has received notification from U.S. Customs that they have approved its license for its Miami facility to become a bonded container freight station. The license becomes effective Friday, September 16, 2005.

According to Jesse Dobrinsky, president of Cargo Connection Logistics Corp., for the past four years the Miami facility has operated as a bonded receiving station which allowed the company to accept only inbound freight that was not destined for Miami.

"The new license will allow the company to accept freight, clear customs and either deliver the freight in Miami or allow the freight to be transferred beyond Miami to its final destination within the US," said Dobrinsky.

"We believe that this addition to our business will allow us to handle at least 5 million pounds of CFS cargo per year at the beginning in addition to the 40 million pounds of transfer and line-haul freight we are currently handling through this facility," said Scott Goodman, the company's CFO. "This should equate to $500,000 of additional revenue with minimal associated costs.

The Miami facility's designation as a US Customs Bonded Container Freight Station is a "terrific complement to Cargo Connection's other CFS facilities located in Atlanta, Chicago, Columbus and New York," added Goodman."

According to Dobrinsky, the company currently leases office space at its 36,000 square foot Miami facility to New York-based Sovereign Logistics. Dobrinsky said that Sovereign, which has extensive operations in Central and South America, has committed to utilizing Cargo Connection Logistics for all of its Container Freight Station needs in Miami.

"From our perspective, this represents a welcome opportunity to consolidate our CFS operations at one location and in so doing achieve improved economies of scale given the expected transition of an additional 30 percent to 40 percent in increased throughput," said Sovereign President and CEO, Joe Decker.

Cargo Connection Logistics Holding, Inc. consists of Cargo Connection Logistics Corp. and Mid-Coast Management, Inc., which are both headquartered in Inwood, NY. The Company also has offices in Atlanta, Charlotte, Chicago, Columbus, Miami, New York and Pittsburgh. The companies provide a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. Currently the two companies have a total of 88 full-time employees.

About Cargo Connection Logistics Corp./Mid-Coast Management, Inc.

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 the Gateways of Chicago, Illinois, JFK, New York, Miami, Florida or Atlanta, Georgia, with service areas throughout the Unites States and North America. Mid-Coast Management, Inc. is a container freight station specifically designed to handle internationally arriving freight for the major retail suppliers. Since its inception, Mid-Coast Management, Inc. has developed relationships with many retailers and also works with Freight Forwarders from around the world.

Additional information about Cargo Connection can be obtained at its website http://www.cargocon.com

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.

Source: Cargo Connection Logistics Holding, Inc.



----------------------------------------------
For Cargo Connection Logistics Holding
Inc.
Peter Nasca
305-937-1711
[email protected]

[AussieTrader]

$500K of extra revenue for little or no cost. Remember the market cap for CRGO is currently only $700K.
Once the market 'realises' this CRGO will correct upwards without a doubt. What I cannot tell yiu though is when the market will realise
I'm holding for the realisation

[nextmove]

I have been scratching my head about the market cap for CRGO.

Then I found this in the quarterly report:

"State the number of shares outstanding of each of the issuer's classes of common
equity, as of August 19, 2005: 496,820,360 shares of common stock outstanding,
$0.001 par value"

So the number of shares as well as market cap stated at www.otcbb.com is incorrect.

Correct market cap is currently 6.91 M$  - not   0.7M$.

Still, I am very bullish about this stock and added to my position yesterday.
Recent news about "500k$ added revenue with minimal associated costs" should add a cent or so per share to company value.

[AussieTrader]

Thanks for that market cap clarification nextmove. I was using OTCReporter they also are incorrect (based on what you have found)

[AussieTrader]

No news on this current breakout from horrendous longterm downtrend. Company issued a statement relating to shareholder concerns about the stock performance and authorised shares, but gave no real guidance or news that would fuel this type of rally, who knows? This is penny (sub) world after all

Link to press release: http://www.amtdrt.inlumen.com/bin/story?StoryId=Cq7nTubKbmZyZyJC5mdu

Weekly Chart: Super breakout of purple mid term downtrend, right at resistance now (red horizontal line).