FOR IMMEDIATE RELEASE
‘Jerry Huang’ to Lead Asia Pacific Region for Summit Logistics International
Industry Veteran Continues Illustrious Career
Kenilworth, New Jersey – April 25, 2007 – Summit Logistics International, Inc. (OTCBB: SGLT) is pleased to announce the appointment of Jerry Huang as Managing Director for the Asia Pacific region. In this capacity, Jerry will lead and direct all Operations, Sales, Marketing and Pricing throughout Asia. Domiciled at the corporate office in Hong Kong, Jerry comes to SGL with over 20 years of Ocean and NVOCC experience, most recently as Managing Director of Hecny Shipping Limited, the specialist entity of Hecny Group for Ocean Freight Services.
Robert A. Agresti, President and Chief Executive Officer, stated, "Jerry is a perfect fit to our organization, and well-known throughout Asia and the NVO market. For those who have worked with Jerry, you know that he brings a wealth of knowledge, expertise, seamless execution and dedication to client satisfaction…both at origin and destination. This strategic appointment coincides with our May 1st Grand Opening in Shanghai, and sets the stage for our penetration of the Asia markets, which are integral to our global growth strategy.
About Summit Logistics International
Summit Global is a leading third party logistics company providing a full suite of supply chain management services in the United States, Asia (including China, Taiwan, Thailand and Vietnam), Russia, the Commonwealth of Independent States, Eastern Mediterranean, the Middle East and India. The Company operates both contract logistics and freight forwarding/NVOCC operations in approximately 25 key transportation hubs across the globe. Visit the company at www.summitgl.com. SGLX-G
Forward-Looking Statements
This press release includes "forward looking statements" as defined by the Securities and Exchange Commission (the "SEC"). Forward-looking statements include all statements that do not relate solely to historical or current facts. These forward-looking statements are based on the current plans and expectations of our management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. These factors include, but are not limited to: economic conditions affecting the human capital solutions industry; the adverse effect of legislation and other matters affecting the industry; increased competition in the industry; our dependence on certain customers; the risk that we may not be able to retain and attract customers; the availability of and costs associated with potential sources of financing; the loss of key personnel; our inability to attract and retain new qualified personnel; difficulties associated with integrating acquired businesses and customers into our operations; material deviations from expected future workers' compensation claims experience; collectibility of accounts receivable; the carrying values of deferred income tax assets and goodwill, which may be affected by future operating results; the availability of capital or letters of credit necessary to meet state-mandated surety deposit requirements; and government regulation.
Contact information:
Investors:
Summit Logistics International
Investor Relations
908-497-0280 x207
www.summitgl.com
or
Jody Burfening/Carolyn Capaccio
Lippert/Heilshorn & Associates, Inc.
212.838.3777
ccapaccio@lhai.com
Media Contact:
Samantha Scott
Summit Logistics International
908-497-0280 x205
sscott@summitgl.com