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Non-Tech : Under $0.01 (..subpenny..) stocks

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To: ThinkingBig who wrote (449)8/9/2005 2:06:55 PM
From: ThinkingBig  Read Replies (1) of 733
 
When will we take off???
Cargo Connection Logistics Holding, Inc. is the successor company of a recent acquisition by ChampionLyte Holdings, Inc of Cargo Connection Logistics Corp. and Mid-Coast Management, two-previously privately-held, New York-based transportation/logistics companies with combined 2004 revenues of $18 million.

"We've had a number of calls from shareholders who were shocked and puzzled by the EDGAR Online Financial posting," said Jesse Dobrinsky, president of Cargo Connection Logistics Holdings, Inc. "The most recent period in these financials ends March 31, 2005 which is prior to the transaction that resulted in Cargo Connection Logistics Holding, Inc. Obviously, with a projected run rate of more than $18 million for this fiscal year, quarterly revenues will be significantly higher than the March 31 posting. Shareholders need to know that this is no longer a beverage company but a pure-play logistics company that has experienced double digit growth over the past two years."
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