|
LAST UPDATED: 9:00
PM January 12, 2006
It is my great pleasure to inform
clients, employees, business partners and investors
that Livingston
International has acquired PBB
Global Logistics. This exciting development
will help us offer a broader range and depth
of services and innovative technology solutions
to clients, realize operating efficiencies
and create more opportunities for advancement
and career diversity for staff.
However, we don’t anticipate any major changes
that will affect clients of PBB Global Logistics
or Livingston
International in the next few months. We
are taking the time to ensure that the integration
of our businesses proceeds smoothly over the
next 12 to 18 months and creates lasting benefits
for clients, employees and investors.
The integration will result
in a bigger, stronger industry leader, well positioned
to compete with the largest multinational players
in customs clearance and supply-chain logistics
in North America. Size will not, however,
compromise our commitment to client service.
One of the reasons that led
us to acquire PBB Global Logistics was the dedication
of staff to its customers. We respect the
relationships developed between customers and
their service representatives and do not anticipate
any changes.
We are confident that the
integration will proceed smoothly, based on our
track record with previous acquisitions and the
additional expert resources we are devoting to
this. As always, our approach will be based on
the need to place the interests of clients and
employees first and to communicate frequently
about what we are doing.
As the integration unfolds,
customers will be hearing from their regular
contacts as well as others at Livingston or PBB
Global Logistics. Furthermore, information
will be posted on this web site in advance of
any changes and as updates become available.
We understand that customs
clearance, transportation, freight forwarding,
logistics and consulting services are vital to
international trade. I would like to assure
clients that we will not disappoint you during
the integration. We know that our success
depends on your success.
In turn, our success determines
the results enjoyed by our
investors . I am confident
that the combination of our two strong companies
will enhance – even compound – our value to investors.
Peter Luit
President and CEO, Livingston International
|
