LYNBROOK, NY, United States, via ETELIGIS INC., 02/17/2015 – – Janel World Trade, Ltd. (OTCQB: JLWT), a full-service global provider of integrated transportation logistics, announced today the financial results for its first quarter ended December 31, 2014.
First Quarter and Year-To-Date 2015 Results
For the three months ended December 31, 2014, Janel reported revenue of $15,732,315 an increase of $4,894,618 or 45.2% compared to the three months ended December 31, 2013.
For the three months ended December 31, 2014 the Company reported income from continuing operations before income taxes of $36,770 compared to the prior year reported loss from continuing operations before income taxes of ($246,279).
For the three months ended December 31, 2014 and after losses from discontinued operations the Company reported net income of $13,663 compared to the prior year reported net loss of $(262,656). Included in these results are losses associated with discontinued operations of $(19,107) and ($11,377) for the three months ended December 31, 2014 and 2013, respectively. Also included in the 2013 period results was a one-time non-cash charge of $237,492 for the issuance of stock options. Net loss available to common shareholders (following preferred stock dividends) for the three months ended December 31, 2014 and 2013 was ($47,272) or ($0.00) per fully diluted share and ($266,406) or ($0.01) per fully diluted share, respectively.
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About Janel World Trade, Ltd.:
Janel World Trade, Ltd. is a global provider of integrated logistics; including domestic and international freight forwarding via multi-modal carriers, leading-edge, end-to-end, supply-chain technology, customs brokerage, warehousing and distribution, and other transportation-related services. With offices throughout the U.S. (New York, New Jersey, Chicago, Los Angeles, Atlanta and Philadelphia) and a network of independent international agents in approximately 52 countries, the Company provides the comprehensive logistics services and technology necessary to handle its customers’ shipping needs throughout the world. Cargo can be transported via air, sea or land, and Janel’s national network of locations can manage the shipment and/or receipt of cargo into or out of any location in the United States. Janel is registered as an Ocean Transportation Intermediary and licensed as a FMC Licensed Freight Forwarder by the Federal Maritime Commission.
Janel World Trade, Ltd.’s headquarters is located in Lynbrook, New York and its common stock is listed on the OTCQB Bulletin Board under the symbol "JLWT". Additional information on the Company is available on its website at http://www.janelgroup.net
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "intend," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the Company’s dependence upon conditions in the air, ocean and land-based freight forwarding industry, the size and resources of many competitors, the need for the Company to effectively integrate acquired businesses and to successfully deliver its primary services, and other risks detailed in the Company’s periodic report filings with the Securities and Exchange Commission, including its most recent Form 8-K, Form 10-Q and Form 10-K filings. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Janel World Trade
SOURCE: Janel World Trade, Ltd.