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| | Business Summary: Janel World Trade, Ltd. provides integrated logistics and environmental services worldwide. | | | Address
150-14 132nd Ave
Jamaica
, NY 11434
Phone: 718-527-3800
Website: http://www.janelgroup.net
| | | Transfer Agent |
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Madison Stock Transfer Inc.
| Employees: 62
ShareHolders: 465 | Founded: 1975
Domicile: Nevada | | | |
| | Janel World Trade, Ltd. provides integrated logistics and environmental services worldwide. Its logistical services include 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. The company transports cargo via air, sea, or land, as well as manages the shipment and/or receipt of cargo into or out of any location in the United States through its network of locations. Janel is registered as an Ocean Transportation Intermediary and licensed as a FMC Licensed Freight Forwarder by the Federal Maritime Commission. Its Special Projects division offers a range of global environmental remediation services, such as project design and management, environmental modeling, and expertise in environmental consulting in China. This division is working on environmental projects in Central America, Russia, and China. It also distributes the patented ClearBlue-104 in China, a triple buffered, ionized liquid copper sulfate that is used in controlling harmful algae, improving the quality of the water by reducing bacteria; and coliform that is highly concentrated in water with algae growth present. The company serves various markets comprising consumer wearing apparel/textiles, machines and machine parts, household appliances, and sporting goods and accessories. Janel World Trade, Ltd. is headquartered in Jamaica, New York. | | History: INCORPORATED in Nevada Aug. 31, 2000, as Wine Systems Design, Inc.; name changed to Janel World Trade, Ltd. July 3, 2002. On Sept. 19, 2002, the company acquired Janel World Transport, Ltd., for 11,000,000 post-split Common shares, through the merger of a wholly owned subsidiary of the company into Janel World Transport and the subsequent merger of Janel World Transport into the company.
The company's business began in 1975.
October 18, 2007, acquired certain assets of Order Logistics, Inc. consisting of proprietary technology, intellectual property, office locations and equipment and customer lists. The purchase price for the acquired assets was $3,888,429, comprised of $2,463,429 cash paid at closing and the issuance of 285,000 shares of Series B Convertible Preferred stock of the company. | | | | Subsidiaries: |
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Order Logistics, Inc.
| | | | | | Capital Expenditures, thousand. US Dollars |
|---|
| Year | Amount | | 2009 | 12 |
| | | | | | |
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Management
|
|---|
| Officers | Position |
|---|
| William J. Lally | President & Chief Operating Officer | | James N. Jannello | Chief Executive Officer | | Philip J. Dubato | Chief Financial Officer | | Ruth Werra | Secretary |
| | Directors |
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| Vincent Iacopella | | James N. Jannello | | Noel J. Jannello | | William J. Lally | | | |
| | | | Capitalization as of 09/30/2009: | | | | | Authorized Shares | Outstanding Shares |
|---|
| Common $0.001 par | 225,000,000 | 18,013,332so1 | | Preferred $0.001 par | 5,000,000 | 1,285,000so2 |
| | | | LONG TERM DEBT: $1,506,096. | | | | Common $0.001 par | | | |
Stockholders:
01/12/2010,
465.
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Transfer Agent: Madison Stock Transfer Inc.
Brooklyn
, NY | | | | OTC Bulletin Board( Primary): JLWT | | | | Exchange | Year | High | Low |
|---|
| OTC Bulletin Board | 2009 | 1.2500 | 0.4000 | | OTC Bulletin Board | 2008 | 1.4300 | 0.3300 |
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| | | | DIVIDENDS: Common $0.001 par: No cash. | | | | | |
so1Incl. shares in treas. | |
so2Consists of 1,000,000 Ser. A Conv. Preferred shares; and 285,000 Ser. B Conv. Preferred shares. Each Ser. A share is convertible at any time into one Common share. Each Ser. B share is convertible into 10 Common shares after Oct. 18, 2009. | |
| | Annual Report |
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| | | Income Statement | |
| 2009 | 2008 | 2007 |
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| Revenues | 71,852,810 | 82,745,380 | 74,947,440 | | EXPENSES |
|
|
| | Forwarding Expenses | (63,418,740) | (72,959,240) | (66,775,080) | | Selling, General and Administrative | (8,574,504) | (9,536,731) | (7,624,360) | | Amortization of Intangible Assets | (416,392) | (702,846) | - | | Impairment Loss | (1,066,240) | (1,812,750) | - | | Interest | (224,706) | (149,389) | (500) | | Interest and Dividend Income | 14,581 | 43,147 | 59,175 | | Earnings before Taxes | (1,833,198) | (2,372,427) | 606,679 | | TAXES AND OTHER EXPENSES |
|
|
| | Provision for Income Tax | 592,000 | 727,000 | (283,700) | | Net Income (Loss) | (1,241,198) | (1,645,427) | 322,979 | | CHARGES ON NET INCOME |
|
|
| | Dividends on Preferred Stock | (15,000) | (15,000) | (10,833) | | Net Income Available to Common Shareholders | (1,256,198) | (1,660,427) | 312,146 | | SUPPLEMENTARY INFO |
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| | Operating Income (Loss) | (556,833.00) | (453,435.00) | 548,004.00 | | Basic EPS | (0.07) | (0.10) | 0.02 | | Diluted EPS | (0.07) | (0.10) | 0.02 |
| | | | Balance Sheet | |
| 2009 | 2008 |
|---|
| ASSETS |
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| | CURRENT ASSETS |
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| | Cash and Cash Equivalents | 1,483,150 | 2,428,098 | | Marketable Securities | 52,100 | 52,044 | | Accounts Receivables | 4,616,244 | 6,102,205 | | Tax Refund Receivables | 289,000 | 83,000 | | Loan Receivable-officers | 114,616 | 142,574 | | Loan Receivable-others | 4,908 | 25,632 | | Prepaid Expenses and Sundry Current Assets | 239,437 | 228,664 | | Total Current Assets | 6,799,455 | 9,062,217 | | NON CURRENT ASSETS |
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| | Property and Equipment, net | 179,779 | 303,855 | | Deferred Income Taxes | 1,114,000 | 754,000 | | Intangible Assets, Net | 1,875,754 | 3,300,119 | | Security Deposit | 55,991 | 50,801 | | Total Assets | 10,024,980 | 13,470,990 | | LIABILITIES |
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| | CURRENT LIABILITIES |
|
| | Accounts Payable | 3,116,830 | 3,902,719 | | Accrued Expenses & Taxes Payable | 422,110 | 303,659 | | Related Party | 100,078 | 143,422 | | Note Payable, Others | 125,000 | 125,000 | | Convertible Promissory Notes | - | 400,000 | | Notes Payable: bank | - | 750,000 | | Current Portion of Long-term Debt | 544,141 | 786,308 | | Total Current Liabilities | 4,308,159 | 6,411,108 | | NON CURRENT LIABILITIES |
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| | Long-term Debt | 1,506,096 | 2,110,237 | | Deferred Compensation | 78,568 | 78,568 | | SHAREHOLDERS' EQUITY |
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| | Common Stock - Par Value | 4,132,156 | 4,871,079 | | Total Shareholders Equity | 4,132,156 | 4,871,079 | | Total Liabilities & Shareholders Equity | 10,024,980 | 13,470,990 |
| | | |
| | Interim Report
|
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | 17,000,000 | | 2010 |
2 | 19,270,000 | | 2009 |
1 | 21,270,000 | | 2009 |
2 | 17,150,000 | | 2009 |
3 | 15,520,000 | | 2009 |
4 | 17,910,000 | | 2009 |
Full Year
| 71,850,000 | | 2008 |
1 | 20,070,000 | | 2008 |
2 | 18,280,000 | | 2008 |
3 | 19,960,000 | | 2008 |
4 | 24,430,000 | | 2008 |
Full Year
| 82,750,000 | | 2007 |
1 | 16,730,000 | | 2007 |
2 | 18,300,000 | | 2007 |
3 | 18,850,000 | | 2007 |
4 | 21,060,000 | | 2007 |
Full Year
| 74,950,000 | | 2006 |
1 | 18,780,000 | | 2006 |
2 | 18,790,000 | | 2006 |
3 | 19,530,000 | | 2006 |
4 | 20,110,000 | | 2006 |
Full Year
| 77,220,000 | | 2005 |
1 | 15,020,000 | | 2005 |
2 | 14,950,000 | | 2005 |
3 | 19,950,000 | | 2005 |
4 | 23,560,000 | | 2005 |
Full Year
| 73,480,000 |
| | | | | | Quarterly Net Income, US$ |
|---|
| Year | Quarter | Revenue | | 2010 |
1 | (50,000) | | 2010 |
2 | 110,000 | | 2009 |
1 | (120,000) | | 2009 |
2 | (280,000) | | 2009 |
3 | (110,000) | | 2009 |
4 | (740,000) | | 2009 |
Full Year
| (1,240,000) | | 2008 |
1 | 20,000 | | 2008 |
2 | (160,000) | | 2008 |
3 | (150,000) | | 2008 |
4 | (1,350,000) | | 2008 |
Full Year
| (1,650,000) | | 2007 |
3 | 140,000 | | 2007 |
Full Year
| 320,000 | | 2006 |
Full Year
| 60,000 | | 2005 |
Full Year
| 430,000 |
| | | | | | Quarterly EPS, US$ |
|---|
| Year | Quarter | Revenue | | 2010 |
1 | Nil | | 2010 |
2 | .01 | | 2009 |
1 | (.01) | | 2009 |
2 | (.02) | | 2009 |
3 | (.01) | | 2009 |
4 | (.04) | | 2009 |
Full Year
| (.07) | | 2008 |
1 | Nil | | 2008 |
2 | (.01) | | 2008 |
3 | (.01) | | 2008 |
4 | (.08) | | 2008 |
Full Year
| (.10) | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | .01 | | 2007 |
4 | .01 | | 2007 |
Full Year
| .02 | | 2006 |
1 | .01 | | 2006 |
2 | (.01) | | 2006 |
3 | .01 | | 2006 |
4 | Nil | | 2006 |
Full Year
| Nil | | 2005 |
1 | Nil | | 2005 |
2 | Nil | | 2005 |
3 | .01 | | 2005 |
4 | .01 | | 2005 |
Full Year
| .03 |
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