Janel Corporation Reports Fiscal Third Quarter and Year-To-Date 2015 Results

Paritz & Company, P

LYNBROOK, NY, United States, via ETELIGIS INC., 08/07/2015 – – Janel Corporation (OTCQB: JANL), a full-service global provider of integrated transportation logistics, announced today the financial results for its third quarter ended June 30, 2015.

Advisory Note

All current and prior year share and per share amounts have been adjusted to reflect the one-for-fifty reverse stock split effected on April 21, 2015.

Third Quarter 2015 Results

For the three months ended June 30, 2015, Janel reported revenue of $16,650,954 an increase of $5,529,577 or 49.7% compared to the three months ended June 30, 2014.

For the three months ended June 30, 2015 the Company reported income from continuing operations before income taxes of $349,908 compared to the prior year reported loss from continuing operations before income taxes of ($70,662).

For the three months ended June 30, 2015 and after losses from discontinued operations the Company reported net income of $286,357 compared to the prior year reported net loss of $(99,984). Included in these results are losses associated with discontinued operations of $(45,778) and ($25,322) for the three months ended June 30, 2015 and 2014, respectively. Net income available to common shareholders (following preferred stock dividends) was $226,044 or $0.38 per fully diluted share for the three months ended June 30, 2015 compared to a net loss available to common shareholders of ($103,734) or ($0.18) per fully diluted share for the three months ended June 30, 2014.

Year-to-date 2015 Results

For the nine months ended June 30, 2015, Janel reported revenue of $47,182,227 an increase of $14,334,556 or 43.6% compared to the nine months ended June 30, 2014.

For the nine months ended June 30, 2015 the Company reported income from continuing operations before income taxes of $346,265 compared to the prior year reported loss from continuing operations before income taxes of ($343,764).

For the nine months ended June 30, 2015 and after losses from discontinued operations the Company reported net income of $192,363 compared to the prior year reported net loss of $(403,016). Included in these results are losses associated with discontinued operations of $(128,129) and ($50,252) for the nine months ended June 30, 2015 and 2014, respectively. Also included in the 2014 period results was a one-time non-cash charge of $237,492 for the issuance of stock options. Net income available to common shareholders (following preferred stock dividends) was $11,423 or $0.02 per fully diluted share for the nine months ended June 30, 2015 compared to a net loss available to common shareholders of ($414,266) or ($0.73) per fully diluted share for the nine months ended June 30, 2014.

To be included in Janel’s database for Corporate Press Releases and industry updates, investors are invited to send their e-mail address to: IR.

About Janel Corporation

Janel Corporation 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 Corporation’s headquarters is located in Lynbrook, New York and its common stock is listed on the OTCQB Bulletin Board under the symbol "JANL". Additional information on the Company is available on its website at http://www.janelgroup.net

Forward-Looking Statements

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.

CONTACT:

Investor Relations

Janel Corporation

(718) 527-3800

IR

SOURCE: Janel Corporation

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