Janel World Trade to Report Record FY2008 Revenues

JAMAICA, N.Y., Oct. 15 /PRNewswire-FirstCall/ -- Janel World Trade, Ltd. (OTC Bulletin Board: JLWT.OB) (www.JanelGroup.net) today announced that the Company expects to report that its revenues for the fiscal year ended September 30, 2008 increased 8.3% to approximately $81.1 million, compared with FY2007 revenues of approximately $74.9 million.

The revenue increase reflects modest gains in sales of Janel's traditional logistics services, along with initial revenue contributions by the Company's Order Logistics subsidiary and the Ferrara International Logistics customs brokerage "book of business". Janel's Order Logistics, Inc. subsidiary was organized in October 2007 to acquire the "Order Logistics" brand and its software technologies, thereby allowing Janel to manage its customers' entire logistics process by utilizing state-of-the-art, Internet-based architecture and technology to enable companies to manage, track and control the status of international orders and shipments in a "real-time" environment at any point in the procurement process. The Ferrara "book of business", which contributed only three months of revenues to Janel's FY2008 results, is expected to significantly enhance Janel's core competencies in food products importing and exporting, while expanding the Company's logistical capabilities in such countries as Italy, Vietnam, Brazil and India, among others.

"While global trade suffered during much of FY2008 from volatility in world currency markets and slowing economies in the U.S. and Europe, we are pleased that Janel's revenues from its traditional integrated logistics services increased modestly during the twelve months ended September 30, 2008," observed James Jannello, Chief Executive Officer of Janel World Trade, Ltd. "When combined with initial sales contributions from acquisitions, our full-year revenues increased a respectable 8.3% to a record $81.1 million for the fiscal year."

"With the U.S. Dollar strengthening significantly in recent months, we expect demand for logistical services from importers to improve during Fiscal 2009, especially if the U.S. economy stabilizes or begins to recover," continued Jannello. "Recent declines in the price of oil are translating into lower gasoline prices, providing much-needed relief to consumers. This could bolster consumer spending and benefit U.S. retailers that rely on imported merchandise to stock their store shelves in coming months. In addition, we will realize a full year's contribution from Order Logistics and the Ferrara 'book of business' during Fiscal 2009."

"In light of the recent turmoil in credit and other financial markets and the uncertain impact of such forces upon the import/export industry, we are closely monitoring our expenses in order to maintain or improve our profit margins and EBITDA (earnings before interest, taxes, depreciation and amortization) during FY2009. Our goal is to identify cost savings that can reduce our SG&A expenses by approximately 5% in the current fiscal year."

"Looking forward, we expect continued growth in the current fiscal year. Contributions from recent acquisitions, organic growth, potential strategic relationships, and competitive opportunities that we have identified, should allow the Janel Group to deliver record revenues and significant improvements in other financial performance measures to its shareholders for the year ending September 30, 2009," concluded Jannello.

The Company intends to release its audited financial results for the year ended September 30, 2008 towards the end of December 2008.

About Janel World Trade, Ltd.

Janel World Trade, Ltd. is a global provider of integrated logistics services, including domestic and international freight forwarding via multi-modal carriers, leading edge end-to-end supply chain technology, customs brokerage, warehousing and distribution, and other transportation-related services. With offices throughout the U.S. (New York, Chicago, Los Angeles, and Atlanta), the Far East (Hong Kong, Shanghai, and Shenzhen) and Central America (El Salvador, Honduras and Guatemala), the Company provides the comprehensive services and technology necessary to handle its customers' shipping needs throughout the world. Cargo can be transported via air, sea or land, and Janel's national network of locations can manage the shipment and/or receipt of cargo into or out of any location in the United States. Janel is registered as an Ocean Transportation Intermediary and licensed as a FMC Licensed Freight Forwarder by the Federal Maritime Commission.

Janel World Trade, Ltd.'s headquarters is located in Jamaica, New York, adjacent to the JFK International Airport, and its common stock is listed on the OTC Bulletin Board under the symbol "JLWT". Additional information on the Company is available on its website at http://www.janelgroup.net.

This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "intend," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the Company's dependence upon conditions in the air, ocean and land-based freight forwarding industry, the size and resources of many competitors, the need for the Company to effectively integrate acquired businesses and to successfully deliver its primary services, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission, including its most recent Form 8-K, Form 10-Q and Form 10-K filings. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

For further information, please contact:

RJ Falkner & Company, Inc., Investor Relations Counsel at (800) 377-9893 or via e-mail at info@rjfalkner.com

SOURCE Janel World Trade, Ltd.