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Janel
World Trade Ltd. (OTCBB: JLWT)
Six
Month Target Price: $5.33
Shares
Outstanding
15
million
Approx.
Float
4
million
6
Month Proj.
$5.33
A
Few Reasons to Own JLWT:
1.
Potential
opportunity to get in at the beginning.
2.
This
past July 25th, JLWT successfully completed a reverse
merger, and opened for trading as a publicly traded company.
3.
JLWT
is a 27 year old company, with 55 employees, of which
half of them have been with JLWT for 15 years or more.
4.
JLWT
has averaged $50 million in sales over the past three
fiscal years, and is profitable.
5.
JLWT
handles approximately 25,000 shipments annually for their
customers.
6.
JLWT’s
largest clients include Blue Chip names such as, Colgate
Palmolive, Ralph Lauren, Nicole Miller, ConAir Corp. and
many others.
7.
JLWT
projects gross revenues for fiscal 2003 (which begins
October 1,2002) of $80 Million Dollars will be significantly
greater than projected revenues for fiscal 2002.
UPDATE
Since
JLWT’s last press release on August 15,2002 we have not
heard a word from them. With concerns regarding
a war with Iraq, corporate scandals, earning warnings and whatever
else negative one can think of, has certainly contributed to
a lack of enthusiasm and declining markets. History has shown
that in times of uncertainty, winners can still be found in
the stock market. Not all stocks continually go down.
Although
JLWT has followed this pattern in the short period of time they
have traded publicly (about 5 weeks). In our opinion, lack of
news and sponsorship could be contributing factors to JLWT’s
decline.
Hopefully
with today’s press release (read below), an investor can
recognize that Rome wasn’t built in a day, and JLWT will
only release news that they feel is material to the company,
and not promotional. Clearly, this press release is fundamental
and puts JLWT on target towards executing their growth strategy
for fiscal 2003 (which begins Oct.1).
At
these current levels JLWT trades at .37 times trailing 12 month
sales, compared to the sector, which trades at 1.64 times. Hopefully
with additional fundamental news towards executing their growth
strategy, and additional sponsorship on Wall Street, JLWT could
achieve our price projections.
Remember
Rome wasn’t built in a day, and good things come to those
that wait!
Valuation
The
greatest quest of all investors is to get in at the beginning.
The merger was completed at the end of July, and Janel put out
its first formal substantive press release recently since becoming
a public company (earnings release).
Based on
SEC filings, Janel has averaged $50 million
in sales over the past three fiscal years. With the sector average
at 1.64 times sales, one could assume the stock could trade
with an $81 million market capitalization.
IN
INVESTOR INSIGHTS OPINION
Outlined
in JLWT’s growth strategy, going forward, JLWT projects
fiscal 2003 revenues of $ 80 Million Dollars (which begins this
October 1). If we were to assume JLWT hitting their revenue
target, and trading at 1 times revenues, whereby the sector
currently trades at 1.64 times revenues, then based on 15 million
shares outstanding this would equate to a stock price of $5.33
per share (which is more than a 100% increase from current levels).
NEWS
RELEASE
FOR
IMMEDIATE RELEASE
JANEL
WORLD TRADE, LTD. IS SELECTED TO PROVIDE FREIGHT LOGISTICS SERVICES
TO ROHN PRODUCTS INTERNATIONAL; CONTRACT
GROSS REVENUES COULD EXCEED $4 MILLION
JAMAICA, NEW YORK,
September 20, 2002 – Janel World Trade, Ltd., [Nasdaq
OTCBB: JLWT]
announced today that the company has been selected by Rohn Products
International as the primary vendor to provide transportation
logistics services related to what is expected to be a major
multi-year telecom project in Thailand. Janel estimates that
its aggregate gross revenues under the three-year contract could
exceed $4 million spread over the project’s life span.
Under
the terms of the contract, Janel will provide freight forwarding,
customs brokerage, warehousing facilities and other related
transportation logistics services to Rohn for container shipments
between Rohn’s Peoria, Illinois factory and the port facilities
in Thailand. Rohn Products International, headquartered in Orlando,
Florida, is a principal equipment supplier for a major telecommunications
project scheduled to begin shortly in Thailand. Working with
the local cellular license holder, Rohn will be responsible
for the manufacture and installation of cellular towers and
related ancillary equipment as well as overseeing the construction
of up to 500 cellular tower sites annually in Thailand over
the next three years. Container shipments of equipment to Thailand
are expected to begin imminently.
James
N. Jannello, Janel’s chief executive officer, stated,
"We are most pleased to have won this substantial new freight
transportation business, which gives Janel the opportunity to
participate in a significant way in a major overseas telecom
project. If the project goes forward with the full volumes anticipated
by Rohn, this will be an important first step for us in profitably
implementing one element of our growth strategy: expanding the
export forwarding portion of our business. We look forward to
being able to announce more progress against our strategic plan
in the weeks and months ahead."
About
Janel World Trade, Ltd.
Janel
World Trade, Ltd. (OTCBB: JLWT) is a global provider of integrated
logistics services, including domestic and international freight
forwarding via multi-modal carriers, customs brokerage, warehousing
and distribution and other transportation-related services.
Forward-Looking Statements
The statements contained
in this release that are not historical facts are forward-looking statements
(as such term is defined in the Private Securities Litigation Act of 1995).
Actual results may differ materially from those anticipated or implied
in the forward-looking statements. These forward-looking statements involve
risks and uncertainties, including competitive factors and pricing and
supply pressures; the Company’s dependence upon conditions in the
air, ocean and land-based freight forwarding industry; the size and resources
of many of the Company’s competitors; and the need for the Company
to effectively integrate acquired businesses and to successfully deliver
its primary services. Additional information with respect to these and
other factors that could materially affect the Company is included in
the Company’s filings with the Securities and Exchange Commission,
including its most recent Form 8-K/A and Form 10-Q filings.
******* Important Notice and Disclaimer: Please
Read *******
Disclaimer
Investor Insights, and affiliates (II), publishes
reports providing information on selected companies that II
believes has investment potential. II is not a registered
investment advisor or broker-dealer. This report is provided
as an information service only, and the statements and opinions
in this report should not be construed as an offer or solicitation
to buy or sell any security. II accepts no liability for any
loss arising from an investor's reliance on or use of this
report. An investment in JLWT is considered to be highly speculative
and should not be considered unless a person can afford a
complete loss of investment.An affiliate of II has been hired
by the company, and compensated by a third party, and has
received five hundred thousand free trading shares of common
stock for the publication and circulation of this report.
II intends to sell all or a portion of the of the JLWT stock
at or about the time of publication of this report. Subsequently
II may buy or sell shares of JLWT stock in the open market.
This report contains forward-looking statements, which involve
risks, and uncertainties that may cause actual results to
differ materially from those set forth in the forward-looking
statements. For further details concerning these risks and
uncertainties, see the SEC filings of JLWT including the company's
most recent annual and quarterly reports
domain: 1AD7BD.NET
owner-address: Don Howe
owner-address: 23 Partridge Hill Road
owner-address: 12538
owner-address: Hyde Park
owner-address: New York
owner-address: United States of America
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person: Don Howe
nic-hdl: DH390-GANDI
address: 23 Partridge Hill Road
address: 12538
address: Hyde Park
address: New York
address: United States of America
phone: +1 8455551212
fax: +1 8455551213
e-mail: donhowe@nyct.net
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RegDate: 2001-07-13
Updated: 2002-06-17
