JAMAICA, N.Y, July 10, 2006 (PRIMEZONE) -- Pacific CMA, Inc. (AMEX:PAM), an integrated provider of global freight forwarding/logistics focused on the growing China and Asian trade, today announced that its Hong Kong operating unit, AGI Logistics (HK) Ltd., has been elected to the Board of Directors of the Hong Kong Association of Freight Forwarding and Logistics LTD. (HAFFA). In addition, Walther Nahr, AGI's Vice President - Sales and Marketing for Europe, has been selected to serve on HAFFA's influential Executive Committee. At a recent Board meeting, AGI also was assigned to represent HAFFA on one of the most important subcommittees of the International Federation of Freight Forwarders Associations (FIATA), the world body of the freight forwarding industry.
Alfred Lam, Pacific CMA's Chairman and CEO, commented that HAFFA Board memberships traditionally are limited to large multi-national companies. "AGI's election to the Board and Executive Committee reflects the recognition that the industry has accorded AGI as a major player in the freight forwarding and logistics business."
Mr. Lam continued, "Our participation on the Board's Executive Committee is particularly significant considering HAFFA's influence on our industry. Not only does it deal with all commerce related government departments such as Civil Aviation, Marine, Customs, Trade and Transport, it also works closely with industry organizations including air and ocean terminal operators, FIATA, and the Hong Kong Shippers Council, among others. In addition, HAFFA is instrumental in establishing tariffs for air and ocean freight."
About Pacific CMA
Pacific CMA is an international, non-asset based 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, is based in New York and primarily handles import air and ocean shipments from the Far East and Southwest Asia to the United States. Its Paradigm Global Logistics Division, is located in Los Angeles. For more information, please refer to the Company's Web site: http://www.pacificcma.com.
About HAFFA
HAFFA is a non-profit organization which promotes, protects and develops the carriage of goods in general, and the businesses of cargo forwarding agents and logistics service providers in particular. The Organization is Hong Kong's sole ordinary member of the International Federation of Freight Forwarders Associations (FIATA). Currently with several hundred members, HAFFA's responsibilities include all modes of transport: air, sea and land. HAFFA acts as an authoritative voice for the industry at official and government levels, and is responsible for setting industry standards, providing educational courses and business development programs, which enhance the professional levels of freight forwarders and logistics service providers in Hong Kong.
Forward-Looking Statements
This press release may contain statements which constitute forward looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995, including statements regarding the intent, belief or current expectations of the Company, its directors, or its officers with respect to the future operating performance of the Company. These forward-looking statements are typically identified by words or phrases such as "believe," "expect," "anticipate," "plan," "estimate," "approximately," "intend," and other similar words and expressions, or future or conditional verbs such as "should," "would," "could," and "may." In addition, the Company may from time to time make such written or oral "forward-looking statements" in filings with the Securities and Exchange Commission (including exhibits thereto), in its reports to shareholders, and in other communications made by or with the approval of the Company. Investors are cautioned that any such forward looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward looking statements as a result of various factors. Important factors that could cause such differences are described in the Company's periodic filings with the Securities and Exchange Commission.