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Wako Logistics Group Completes Acquisition of Seattle-Based Customs Brokerage and Logistics Company

2006-12-06 09:12 1700

CHICAGO, Dec. 5 /Xinhua-PRNewswire-FirstCall/ -- Wako Logistics Group,

Inc. ("WLG") (OTC Bulletin Board: WKOL) today announced it has completed the

acquisition of all the outstanding common stock of Mare-Shreve Associates,

Inc., ("MR"), a Washington state based company.

Chris Wood, CEO of WLG, commented: "Acquiring MR adds an important

dimension to WLG, and will allow us to offer a broader range of services to

our international customers from an expanded office network in the United

States. MR has a mature customs brokerage practice that is known for

providing quality and personalized services to its customers. With this

acquisition, WLG will now be able to offer in-house customs brokerage to its

growing portfolio of US based customers. In turn, WLG's offices in Asia and

especially China will add an impetus to the growth of MR's freight

forwarding business. We expect that the acquisition of MR will not only

have a positive and immediate impact on our bottom line, but will enhance

our competitive position in the North American market."

About Mare-Shreve Associates, Inc.

Founded in 1979, with fully-staffed offices in Seattle, Washington and

Long Beach, California, MR provides a full range of customs brokerage,

logistics and freight forwarding services to a diverse and stable customer

base. MR specializes in serving customers that ship products by air and sea

in the Asia-US trade lanes for import into the US. MR is known for its

customer service, its attention to detail and its commitment to providing

quality logistics solutions to its customers.

About Wako Logistics Group, Inc.

WLG is a non-asset based third-party logistics and freight

transportation provider, offering a broad array of logistics and related

services through its subsidiaries and divisions. With more than three

decades of experience in international transportation, WLG has established

itself as a leading provider of traditional freight forwarding and freight

management services in Asia, Australia, North America and Europe. Additional

information is available at http://www.wakogroup.com/ .

Forward-looking Statements

"Safe Harbor" Statement under the Private Securities Litigation Reform

Act of 1995: This press release contains or may contain forward-looking

statements such as statements regarding the Company's growth and

profitability, growth strategy, liquidity and access to public markets,

operating expense reduction, and trends in the industry in which the Company

operates. The forward-looking statements contained in this press release

are also subject to other risks and uncertainties, including those more

fully described in the Company's filings with the Securities and Exchange

Commission. The Company assumes no obligation to update these forward-

looking statements to reflect actual results, changes in risks,

uncertainties or assumptions underlying or affecting such statements, or for

prospective events that may have a retroactive effect.

Source: Wako Logistics Group, Inc.
Keywords: Food/Beverages
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