NEW YORK, Nov. 28, 2005 (PRIMEZONE) -- Pacific CMA Inc. (AMEX:PAM), an integrated provider of global freight forwarding/logistics services, announced today that WallStreet Research has updated its analyst research coverage of the Company's shares with a speculative strong buy recommendation. The complete report, together with attendant risk factors, as well as additional information about WallStreet Research is available at www.WallStreetResearch.org.
WallStreet Research is a research boutique led by Alan Stone, Managing Director of Alan Stone & Company, LLC. The firm specializes in the microcap and smallcap investment arena, looking for emerging growth companies with strong management, unique or proprietary technology, significant market potential, financial strength, and outstanding long-term earnings growth possibilities. Mr. Stone was formerly a securities analyst and assistant portfolio manager at Merrill Lynch Asset Management and an investment analyst at Prudential Insurance Company's Capital Markets Group. The firm has offices in Los Angeles, CA, Palm Beach, FL, and New York City, NY, and is well known for discovering undervalued companies and bringing them to the attention of the investment community.
Following are excerpts from the WallStreet Research report.
Pacific CMA Inc. (www.pacificcma.com), founded in 1998 with headquarters and principal operations in New York City and Hong Kong, is a global non-asset based provider of freight forwarding, contract logistics and supply chain management services, with major presence in the U.S., People's Republic of China (PRC) and throughout the Far East. Acting as an intermediary between shippers and direct carriers, the Company procures and consolidates shipments from customers, coordinates transport to a point of distribution using commercial freight aircraft, ships and other cargo carriers, and arranges for storage or local delivery when required.
The Company posted audited revenues of nearly $100 million in 2004, with over 30% compounded revenue growth in the past five years. For the first nine months ended September 30, 2005, the Company reported revenues of $88.6 million and net income of $521,546, or $0.02 per fully diluted share.
Most of the Company's current transport volume consisting of Chinese exports to the U.S. is handled through its extensive centers in Hong Kong and New York. Conducting business through several subsidiaries and employing over 230 people, the Company also has seven offices in China, four other locations in the U.S., including Los Angeles, Miami, Chicago, and Atlanta, as well as an office in Singapore. In addition, the Company generates business and facilitates transport through a global network of freight agents located in major commercial centers of almost a hundred countries.
The Company's well known and diversified client base consists of department stores, distributors, manufacturers and trading companies shipping a variety of raw materials, supplies, components and finished goods, including textiles and apparel, beauty products, automotive parts, computer and electronic equipment, heavy industrial and construction equipment, as well as printed materials. Among its 130 plus largest corporate customers are many Fortune 1000 companies and famous brands, such as Andrew & Suzanne Company, Ariela Alpha, American Eagles, Brylane, Conair, Dillard's, Kmart, Nygard, QVC, Tahari, Theory, Tommy Hilfiger and Sanyo.
Trading on AMEX under the symbol PAM, the Company is well positioned to capitalize on the rapid growth of global trade, particularly in form of imports to the U.S., Europe and other foreign markets coming from the expanding manufacturing and textile industries in Asia, as well as the continued outsourcing trend among leading global corporations.
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 is based in Hong Kong and focuses 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. Our newest division, Paradigm Global logistics is located in Los Angeles. For more information, please refer to the Company's Web site: www.pacificcma.com.
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.
A Disclaimer Note
The information presented in the WallStreet Research report is not to be construed as an offer to sell, nor a solicitation of an offer to purchase, any securities referred to herein or otherwise. Readers are encouraged to conduct their own due diligence and review all of the company's financial statements and risks statements on file with the SEC. Pacific CMA Inc. has paid a fee to Alan Stone & Company, LLC in conjunction with the preparation and distribution of this report. Alan Stone & Company, LLC or its associates may own shares, for investment purposes, in its corporate accounts, and may increase or decrease its positions at any time, without notice.