Rand Logistics Launches Second Annual Marine Miracle Month Program
June 15 2017 - 4:04PM
Rand Logistics, Inc. (NASDAQ:RLOG) (“Rand”), a leading provider of
bulk freight shipping services throughout the Great Lakes Region,
today announced the launch of its second annual Marine Miracle
Month, a program to benefit children’s charities.
As the cornerstone of the 2017 Marine Miracle Month program,
Rand will donate $0.05 for every ton of cargo carried by its fleet
during the month of August to non-profit organizations with a
primary focus on the health and wellbeing of children. The Company
will provide its customers the opportunity to select the children’s
charity of their choice and will make the donations in each
customer’s honor. The donation amount will be based upon the total
tons each customer ships during the program month. Rand’s goal is
to exceed the total donations raised during the 2016 Marine Miracle
Month program.
“Marine Miracle Month creates a vehicle for Rand to give back to
our communities and expand the reach of our Corporate Social
Responsibility efforts, while strengthening partnerships with our
valued customers,” stated Ed Levy, Rand’s President and CEO. “Last
year’s Marine Miracle Month was a great success, and we are pleased
to make it an annual event for Rand, our customers and the
organizations and children in the communities that it positively
impacts.”
“We were overwhelmed by the interest and positive response our
customers, employees, suppliers and community partners showed
towards the initiative in its inaugural year,” stated Aaron
Degodny, Rand’s Chief Commercial Officer. “In 2016, more than
$125,000 was raised for charities dedicated to the health and
wellbeing of children, with more than 30 customers participating in
the program and just as many charities benefiting. We are
hoping to expand the program this year and exceed last year's total
contribution."
Customers will work with their Rand representatives to select a
qualifying not-for-profit organization. Selected organizations must
hold 501(c)(3) status in the U.S. or be a registered charity in
Canada providing services and benefits to children.
About Rand Logistics Rand
Logistics, Inc. is a leading provider of bulk freight shipping
services throughout the Great Lakes region. Through its
subsidiaries, the Company operates a fleet of three conventional
bulk carriers and twelve self-unloading bulk carriers including
three tug/barge units. The Company is the only carrier able to
offer significant domestic port-to-port services in both Canada and
the U.S. on the Great Lakes. The Company's vessels operate under
the U.S. Jones Act – which reserves domestic waterborne commerce to
vessels that are U.S. owned, built and crewed – and the Canada
Coasting Trade Act – which reserves domestic waterborne commerce to
Canadian registered and crewed vessels that operate between
Canadian ports.
Forward-Looking StatementsThis
press release contains forward-looking statements, including
statements about our goals and expectations for Marine Miracle
Month. For all forward-looking statements, we claim the protection
of the Safe Harbor for Forward-Looking Statements contained in the
Private Securities Litigation Reform Act of
1995. Forward-looking statements are inherently subject
to risks and uncertainties, many of which cannot be predicted with
accuracy or are otherwise beyond our control and some of which
might not even be anticipated. Future events affecting
our strategic plan and actual results of our financial position,
results of operations and cash flows, could differ materially from
those described in or contemplated by the forward-looking
statements. Important factors that contribute to such
risks include, but are not limited to, participation by our
customers in the Marine Miracle Month program; fluctuations in
currencies and interest rates; the effect of the economic downturn
in certain of our markets; the weather conditions on the Great
Lakes; our ability to maintain and replace our vessels as they age;
and changes in laws, regulations or tax rates.
The risks included are not exhaustive. For a
more detailed description of these uncertainties and other factors,
please see the "Risk Factors" section in Rand's Annual Report on
Form 10-K filed with the Securities and Exchange Commission on June
16, 2016 and in Rand’s Quarterly Report on Form 10-Q filed with the
Securities and Exchange Commission on February 14, 2017.
CONTACT:
Rand Logistics, Inc.
Corporate Communications:
Annemarie Dobler
(212) 863-9429
apdobler@randlogisticsinc.com