NEW YORK, August 20, 2003 (PRIMEZONE) -- Pacific CMA Inc. (OTCBB:PCCM) announced today that it has engaged PiedmontIR, LLC. to provide the company with a complete program of investor relations and financial communications support designed to increase Pacific CMA Inc.'s visibility within the investment community.
PiedmontIR (http://www.PiedmontIR.com) is a national investor relations (IR) firm headquartered in Atlanta, Georgia, with a regional office in New York. PiedmontIR provides comprehensive, customized IR services to small and medium-sized emerging companies. PiedmontIR specializes in investor education to retail investment advisors and institutions along with analyst communications, media relations, market analysis, and development of corporate communications material for its clients.
In commenting on the new relationship, Henrik Christensen, Executive VP and a Director of Pacific CMA said, "PiedmontIR has an impressive track record of making introductions for its portfolio companies, and cultivating long-term relationships with premier fund managers. We feel this is the opportune time to broaden our existing investor base and increase awareness of our Company and its services by incorporating a more proactive investor relation program."
As a holding company, Pacific CMA's two main operating units are Hong Kong-based AGI Logistics (HK) Ltd., and New York-based Airgate International, Inc. AGI also maintains operations in Shanghai, as does Airgate in Chicago and San Francisco. Through AGI's arrangements with trucking, shipping and rail companies, it provides door-to-door service throughout Southern China and Hong Kong. AGI also has an established airfreight operations office and leased warehouse in the Hong Kong Air Freight Forwarding Center. From this location, adjacent to the airport, AGI coordinates the exporting of cargo to global ports including Europe, North America, the Indian subcontinent and Australia. Airgate International Corp., of which Pacific CMA became an 81% holder in May 2002, is also, like AGI, a non-asset based logistics services company. Its primary focus is the importing of air and ocean shipments from the Far East and Southwest Asia marketplace to the United States. Airgate International has handled the supply and logistics systems for numerous Fortune 1000 companies. It provides a full range of air and ocean services and also owns and operates its own bonded container station, helping expedite availability of merchandise. Like AGI, Airgate specializes in the fashion/apparel industries, and utilizes all-cargo, chartered aircraft with guaranteed space allowing it, along with AGI, to provide lift capacity from Hong Kong whenever needed. In addition to its own offices, it maintains a global network of exclusive agents that help enhance its growth.
In its latest quarter, ended June 30, 2003, Pacific CMA's revenue rose more than 60%, to $17 million, with airfreight operations representing approximately two thirds of that amount.
To receive press releases and information on Pacific CMA Inc. via email or fax, please sign up at http://www.PiedmontIR.com or call 678-455-3696, or email info@piedmontir.com
This news release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demands and acceptance, changes in technology, economic conditions, the impact of competition and pricing, and government regulation and approvals. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of Pacific CMA Inc., are expressly qualified by the cautionary statements and any other cautionary statements which accompany the forward-looking statements. In addition, Pacific CMA Inc. disclaims any obligations to update forward-looking statements to reflect events or circumstances after the date hereof. The information contained on any Web site referenced in this press release is not part of this release.