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.