JAMAICA, N.Y., Sept. 28, 2006 (PRIMEZONE) -- Alfred Lam, Chairman of Pacific CMA, today announced the consolidation of four Hong Kong facilities (previously occupying a total of 33,226 square feet) into a single Hong Kong location totaling 62,701 square feet, thus doubling warehouse and office space but increasing rental expense by only 33%.
Hong Kong is Pacific CMA's main transfer point for goods to be shipped worldwide. Approximately 96 employees will be located at this site.
Mr. Lam said, "Combining these four locations into one creates increased efficiency, enhances communication and expands our warehousing capability -- all necessary for streamlining operations as the Company continues to grow. We anticipate that the move will be completed by October 6, 2006."
About Pacific CMA
Pacific CMA is an international, supply-chain management company, providing air and ocean freight forwarding, contract logistics, and other logistics-related services. The Company's large and diverse global and local customers operate in industries with unique supply chain requirements, such as the apparel and technology industries. Its AGI Logistics (HK) Ltd. operating unit, based in Hong Kong, is focused on integrated logistics, freight forwarding and warehousing services in the Far East region and Mainland China. Its Airgate International operating unit, founded in 1995, is based in New York and primarily handles import air and ocean shipments from the Far East and Southwest Asia to the United States. The newest division, Paradigm Global Logistics, is located in Los Angeles. For more information, please refer to the Company's Web site: http://www.pacificcma.com.
Forward-Looking Statements
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