SEATTLE, March 10 /PRNewswire-FirstCall/ -- Stonepath Group (AMEX:STG), the global logistics services organization, today announced that it has been awarded a significant transportation contract by the United States Military Surface Deployment and Distribution Command (SDDC) to support its less-than- truckload surface transportation requirements throughout North America. The Indefinite Delivery Indefinite Quantity (IDIQ) contract guarantees a minimum of $345,000 in revenue with a potential of up to $21 million in revenue over a three-year period.
Dennis Pelino, Chairman of Stonepath, remarked, "We are very excited that the SDDC has chosen Stonepath. This is another important win for our Government Services division, which has been providing a full-range of logistics services to the United States military in the Middle East and for U.S.-supported relief efforts worldwide. We look forward to supporting the SDDC and to growing this relationship over time." Headquartered in Alexandria, Va., with its Operations Center at Fort Eustis, Va., the Military Surface Deployment and Distribution Command is responsible for the global, joint movement of combat units, sustainment cargo, service member household goods and privately owned vehicles.
About Stonepath Group (AMEX:STG) Stonepath (www.stonepath.com) is a global, third-party logistics organization providing a full range of transportation and distribution solutions to multinational and local businesses. Through strategic acquisitions and strong organic growth, the Company has expanded rapidly, establishing a network of owned operations throughout North America, the Asia Pacific region and Latin America. For more information about the Company, please contact John Brine at (212) 254-8280. DATASOURCE: Stonepath Group CONTACT: John Brine, +1-212-254-8280, for Stonepath Group Web site: http://www.stonepath.com/
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