Chi Lab

Cargo Connection Logistics Holding, Inc. (OTCBB: CRGO) (BERLIN: CD6) (FRANKFURT: CD6) (FRANKFURT: 217026) today provided an update on several areas of great interest relating to the Company, its operations and its anticipated future growth.

Jesse Dobrinsky, the Chairman and CEO of the Company, stated that:

"In our continuing efforts to increase the value of the Company to our stockholders, we have taken several recent steps that have improved the Company's financial condition, operations and prospects, including:

• We have replaced the factoring facility that was in place for our Cargo Connection Logistics Corp. subsidiary, our primary operating subsidiary. We have entered into a new factoring agreement with Wells Fargo Business Credit, which increases our factoring capacity and provides more favorable terms, including a lower cost of funds.
• In addition, we have jettisoned certain portions of our business that were not profitable and have replaced them with business that provides a positive return for the Company. Through this process we are also reducing our dependence on some of our larger customers, making us less vulnerable to the impact of any major customer on our revenues and earnings.
• We have amicably resolved a dispute with the landlord of our Miami facility.
• We continue to pursue our proposed acquisition of Fleet Global Services, Inc. We recently loaned Fleet Global $300,000 and we received from it a one-year promissory note bearing an annual interest rate of 11 percent. We expect that amount of the note would be applied toward the cash portion of the purchase price of Fleet. We are inuing to attempt to raise sufficient capital to fund this acquisition.
• Once the Fleet Global acquisition is complete, ITG, which is a joint venture that the Company had set up for exactly Fleet Global's kind of agent operation, will finally have the opportunity to get off the ground. We expect that it will get a major boost from Fleet Global's existing operations.
• We have made many sacrifices at the corporate and operational level, including payroll reductions and executive salary deferrals.
• In light of disappointing results in our international division, we have furloughed several personnel. While we still believe that our international division has great promise, we intend to continue to approach growth in this area of our business cautiously. In the meantime, we have directed our focus to growth in domestic sales.
• We have made concerted efforts to evaluate each aspect of our business and in the process we have reduced costs in areas that have not been producing sufficient revenue or operating profitability. We continue to constantly evaluate each aspect of the Company with respect to its performance and sustainability.
• We have increased head count in our Chicago facility to accommodate the new business operations there that began operating in mid 3rd quarter 2007.
• We continue to develop and demonstrate a prototype of our new Rad-rope(TM) product to both government and private enterprise potential customers, and believe that we have received a great deal of interest in this product. The developer of this technology continues to support the device and is assisting in the changes that have been requested by potential customers.
• All executive officers and directors have refrained from selling any shares of Company stock.
• Mr. Dobrinsky continued: "In light of all the progress we have made, as described above, we are confident that we are on the right track and that we will succeed. We are continuing to explore new sources of financing, which we expect would be critical to our performance, including allowing us to complete our proposed acquisition of Fleet Global, which we believe in itself would dramatically improve the Company's revenue base, results of operations and financial condition."

About Cargo Connection Logistics Holding, Inc.

The Company, through its subsidiaries Cargo Connection Logistics Corp. and Cargo Connection Logistics - International, Inc., is a leader in world trade logistics. The Company headquarters is in Inwood, NY, and it also has offices in Atlanta, GA; Charlotte, NC; Chicago, IL; Columbus, OH; Miami, FL; New York, NY; Pittsburgh, PA; and San Jose, CA. Headquartered adjacent to JFK International Airport, the Company is a transportation logistics provider for shipments imported into and exported out of the United States, with service areas throughout the United States and North America. The Company currently provides a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. It also operates a bonded General Order warehouse in New York and Container Freight Station operations, which are specifically designed to handle internationally arriving freight for major retail suppliers through its facilities in Florida, Georgia, Illinois, New York and Ohio.

Cargo Connection Logistics' website is www.cargocon.com.

Future-Looking Statements Safe Harbor

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission, including, without limitation:

• the Company's ability to increase its revenues, including by obtaining contacts with foreign shippers and by acquisition of competing businesses such as Fleet Global Services, Inc.;
• the Company's financial condition, including its ability to continue as a going concern;
• the Company's ability to operate in compliance with the terms of its financing facilities (particularly the financial covenants);
• the Company's ability to maintain adequate liquidity and produce sufficient cash flow to meet the Company's capital expenditure plans;
• the number and magnitude of customers;
• changes in, or the failure to comply with, government and regulatory policies;
• the Company's ability to obtain regulatory approvals and to maintain approvals previously granted;
• uncertainty relating to economic conditions generally and particularly affecting the markets in which the Company operates;
• the effect of the Company being in default on its indebtedness;
• the Company's ability to raise additional capital, including to the extent necessary to consummate its acquisition of Fleet Global Services, Inc.;
• the Company's reliance on key personnel and independent agents;
• the Company's vulnerability to economic and industry conditions;
• changes in the Company's business strategy, development plans or cost savings plans;
• the Company's ability to complete acquisitions or divestitures and to integrate any business or operation acquired;
• the Company's ability to enter into strategic alliances or other business relationships;
• the Company's ability to overcome significant operating losses;
• the frequency and severity of accidents, particularly involving the Company's trucking operations;
• the Company's ability to reduce costs;
• technological developments and changes in the industry;
• the Company's ability to develop products and services and to penetrate existing and new markets, and
• changes in the competitive environment in which the Company operates.

Contact:
Peter Nasca
Peter Nasca Associates, Inc.
954-473-0677 Ft. Lauderdale
312-527-1044 Chicago