Janel World Trade (GREY:JLWT)

As we look ahead, we see signs of a developing economic recovery taking us out of the current recession, and we expect this turnaround to take a firmer hold as we look toward the remaining quarter of this fiscal year and into 2010. We are confident that this slow, but steady rise in general business activity in the U.S. and worldwide will translate positively into an increasing volume of shipments transacted on behalf of our customers, into a strengthening of the lower freight carrier rates that have temporarily stalled our revenue growth, and into higher operating margins, which we will bring to our bottom line.

Jannello concluded, “In light of our third quarter results, we have reevaluated our revenue projection for the rest of this year. As discussed in our current 10-Q filing, we are looking for both more positive seasonality and economic factors to help us achieve fourth quarter revenue approximately 5-15% higher than our just-reported third quarter level. As a result, we now expect to report 2009 full-year revenue of $70-$72 million.”

FULL YEAR 2009 Guidance Ending September ^a

^a Company forecasts reflect the Company's current and preliminary view and are subject to change.  This Information 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.

“As we move ahead in assessing both our own operating metrics and the broader business environment that our customers serve, we believe that we are seeing some hopeful signs of an economic strengthening in the upcoming quarters. We also continue to see this economy as an opportunity for the future. Long term, Janel has positioned itself in an enviable position by hiring quality sales and operations personnel, who will bring added clients, agencies and an even broader view on profitable peripheral business opportunities, such as the China consortium, entering into relationships with 3PL’s (Third-Party Logistics) and active participation in large-scale RFQ’s (request for quotes) previously handled by the new additions to our team.  Nonetheless, in recognition of our actual first half results, we are reducing our projection for this fiscal year’s total revenue.  When we have completed our third quarter in June, we intend to revisit this revised 2009 full year forecast and will make any further adjustments to the numbers as we believe may then be warranted by the actual results and the ongoing business trends at that time.”

^a Company forecasts reflect the Company's current and preliminary view and are subject to change.  This Information 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.

Guidance Report:

Full Year Fiscal 2009 Guidance Ending September

"Historically, the Company’s quarterly results of operations have been subject to seasonal trends which have been the result of, or influenced by, numerous factors including climate, national holidays, consumer demand, economic conditions, the growth and diversification of its international network and service offerings, and other similar and subtle forces.

Management has been engaged in reviewing the profitability of various customer accounts with a view toward eliminating accounts which are only marginally profitable, and focusing on accounts that are more profitable, with a view to increasing its overall profit margin."

Source: SEC Form 10Q (For the quarterly period ended: December 31, 2008)