News | July 24, 2008

World Logistics Services, Inc. Signs Sales Agreement With A Leading Logistics Transportation Company

TAMPA, Fla.--(BUSINESS WIRE)--World Logistics Services, Inc. (Pink Sheets:WLSV - News) has entered into a sales agreement with Intercon Systems, Inc., a leading brokerage and logistics transportation company. Intercon Systems, Inc. is an established customer oriented logistics company providing transportation solutions to their worldwide and diverse customer base since 1986. Brad Lannom, the President of Federal Logistics, says, "We have entered into our second sales agreement of the month, and we feel that Intercon Systems, Inc. is a great acquisition to our team."

The experienced staff of Intercon Systems, Inc. will allow World Logistics Services, Inc. to headquarter their brokerage operations, Federal Logistics, Inc., in Nashville, Tenn. World Logistics Services, Inc. will have access to the Intercon Systems staff and the many carriers presently under contract with Intercon Systems, Inc.; further allowing our agents to provide more equipment to their customers and thus increasing overall revenue levels.

With the new signed agreement, World Logistics Services, Inc. expects net revenue to increase by at least $6 million incrementally by the end of FYE 2009. World Logistics Services, Inc. also expects a net revenue increase incrementally by $9 million in FYE 2010.

About World Logistics Services Inc.

WLSV 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. WLSV provides the comprehensive services necessary to handle its customers shipping needs throughout the world. Cargo can be transported via air, land, or sea and can manage the shipment and/or receipt of cargo into or out of any location in the United States.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, the potential for additional customer growth from acquired operations and additional opportunities for growth. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: general economic business conditions, unfavorable weather conditions, the success of certain cost containment initiatives, changes in regulations or regulatory treatment, availability and the cost of capital, the success of growth initiatives, and other factors discussed in our filings with the Securities and Exchange Commissions. Additionally, this release may not be considered as legal, accounting, or investment advice, and is not, and may not be considered, a solicitation for the purchase of any securities issued by World Logistics Services, Inc.