| Mon 20 Aug 2007, 12:46 | | VLE - Value Group Limited - Voluntary Announcement |
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VLE
VLE
VLE - Value Group Limited - Voluntary Announcement
Value Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1997/002203/06
Share code: VLE
ISIN: ZAE000016507
Voluntary Announcement:
VALUE CLEARING AND FORWARDING AND IJS GLOBAL Inc
ENTER INTO A GLOBAL FORWARDING PARTNERSHIP
Value Clearing and Forwarding, a division of the JSE Listed Value Group Ltd,
one of South Africa`s most prominent supply chain management specialists
announced today that it has entered into an exclusive partnership with IJS
Global, Inc., the fast growing air and ocean freight forwarder, customs broker
and non-vessel operating common carrier. Under the agreement, Value Clearing and
Forwarding will represent IJS Global in The Republic of South Africa and all
Countries falling within the Sub-Saharan Africa region, including Mauritius,
Seychelles and Madagascar. In return, Value Clearing and Forwarding will
leverage IJS Global`s worldwide reach and expertise to expand its operations
across the globe.
"With this announcement, we have now extended the IJS Global brand to every
major trading continent," said Giorgio Laccona, IJS Global`s Chairman and CEO.
"In so doing, we have partnered with one of South Africa`s most seasoned and
respected companies. Value Clearing and Forwarding owns all the qualities of a
superbly qualified partner: Longevity, a loyal customer and partner base, and a
deep understanding of the opportunities and challenges of moving goods in and
out of Africa. We couldn`t have chosen a better partner to capitalize on the
growth of a continent with so much economic potential."
Added Steven Gottschalk, (CEO of Value Group Ltd) "our local experience,
combined with IJS Global`s multi-national resources, positions both companies to
add significant value to their respective customer bases. Through the IJS
Global network, we will be able to broaden our reach, and our unique value
proposition, beyond Africa. At the same time, IJS Global will take advantage of
our local and regional expertise to offer its customers an entry into this fast-
growing and potentially lucrative market. It is the best of both worlds, and we
are delighted to be affiliated with such a strong, capable partner."
ABOUT VALUE CLEARING AND FORWARDING
The Value Clearing and Forwarding division was established just over four years
ago. The division completes the supply chain within the Value Group with one
service provider who is able to provide full logistical services. This enhances
the 1 Contact 1 Bill concept, which is a registered trademark of Value Logistics
Ltd, enabling clients access to a full service offering through one point of
contact.
With their Head Office in Johannesburg and offices at all the major Sea Ports
and International Airports they are able to offer electronic Custom Clearance
Procedures at all entry and exit points to and from South Africa.
The staff are highly trained with years of experience in the freight industry in
Seafreight, Airfreight and Road Transport for both Imports as well as Exports.
Website http://www.value.co.za
ABOUT IJS GLOBAL
Headquartered in Stamford, CT., IJS Global, Inc. (www.ijsglobal.com) is building
a global logistics footprint through a carefully calibrated strategy of internal
growth and timely acquisitions. It operates out of eight U.S. offices as well as
internationally through a network of agents and company owned offices.
Isando
20 August 2007
Sponsor: Investec Bank Limited
Date: 20/08/2007 12:46:01 Produced by the JSE SENS Department.
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