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Eagle Logistics Systems and Caribbean Shipping Services Announce Merger

September 6, 2005 -- Caribbean Shipping Services, Inc. and Eagle Logistics Systems (an affiliate of AJC International, Inc.) announced today an agreement in principle to merge their companies by combining their operations.

The combined company will be headquartered in Jacksonville, FL. It will consist of the current operations of both companies. The parties expect the merger to close by late September. Terms of the agreement were not announced.

Paul Robbins, from Caribbean Shipping Services, and Jeff Mayr, from Eagle Logistics Systems will remain with the combined company. Both Robbins and Mayr have said that job loss is not anticipated and have stated that, "The uniting of these two companies will strengthen our operations and help us create new jobs through growth."

"It makes perfect sense for us to combine our companies," said Paul Robbins. "We share the same management philosophies in caring for our employees and customers. We complement each other's businesses very well and this transaction will solidify us in the Puerto Rican market."

"This merger is all about opportunity and growth," added Jeff Mayr "Together as one company we can offer a more comprehensive and quality service to our customers and provide more growth opportunity for our employees."

Caribbean Shipping Services was founded in 1993 by Paul and Julie Robbins. Today they operate from their main offices in Jacksonville, FL and satellite offices in Miami, FL, San Juan, PR, Charlotte, NC and Howell, NJ. The company has twice been named to INC Magazine's list of 100 Fastest Growing Inner City Companies. Since 1999 they have also been included in the First Coast 50, a listing of the top fifty companies in Northeast Florida.

Eagle Logistics Systems was founded in 1998 and became affiliated with AJC International, Inc. in 2003. Eagle Logistics Systems operates from its headquarters in Jacksonville and has offices world wide as part of AJC International, Inc.'s global structure. AJC was founded in 1972 and is one of the top 20 privately held companies in Georgia.
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