Janel Corporation Reports Fiscal Second Quarter and Year-to-Date 2015 Results

Paritz & Company, P

LYNBROOK, NY, United States, via ETELIGIS INC., 05/15/2015 – – Janel Corporation (OTCQB: JLWTD to be changed to JANL), a full-service global provider of integrated transportation logistics, announced today the financial results for its second quarter ended March 31, 2015.

Advisory Note:

All current and prior year share and per share amounts have been adjusted to reflect the one-for-fifty reverse stock split effected on April 21, 2015.

Second Quarter 2015 Results:

For the three months ended March 31, 2015, Janel reported revenue of $14,798,958 an increase of $3,910,361 or 35.9% compared to the three months ended March 31, 2014.

For the three months ended March 31, 2015 the Company reported a loss from continuing operations before income taxes of ($40,413) compared to the prior year reported loss from continuing operations before income taxes of ($26,823).

For the three months ended March 31, 2015 and after losses from discontinued operations the Company reported a net loss of ($107,657) compared to the prior year reported net loss of $(40,376). Included in these results are losses associated with discontinued operations of $(63,244) and ($13,553) for the three months ended March 31, 2015 and 2014, respectively. Net loss available to common shareholders (following preferred stock dividends) for the three months ended March 31, 2015 and 2014 was ($167,349) or ($0.28) per fully diluted share and ($44,126) or ($0.08) per fully diluted share, respectively.

Year-to-date 2015 Results:

For the six months ended March 31, 2015, Janel reported revenue of $30,531,273 an increase of $8,804,979 or 40.5% compared to the six months ended March 31, 2014.

For the six months ended March 31, 2015 the Company reported a loss from continuing operations before income taxes of ($3,643) compared to the prior year reported loss from continuing operations before income taxes of ($273,102).

For the six months ended March 31, 2015 and after losses from discontinued operations the Company reported a net loss of ($93,994) compared to the prior year reported net loss of $(303,032). Included in these results are losses associated with discontinued operations of $(82,351) and ($24,930) for the six months ended March 31, 2015 and 2014, respectively. Also included in the 2014 period results was a one-time non-cash charge of $237,492 for the issuance of stock options. Net loss available to common shareholders (following preferred stock dividends) for the six months ended March 31, 2015 and 2014 was ($214,621) or ($0.37) per fully diluted share and ($310,532) or ($0.55) per fully diluted share, respectively.

To be included in Janel’s database for Corporate Press Releases and industry updates, investors are invited to send their e-mail address to: IR.

About Janel Corporation:

Janel Corporation is a global provider of integrated logistics; including domestic and international freight forwarding via multi-modal carriers, leading-edge, end-to-end, supply-chain technology, customs brokerage, warehousing and distribution, and other transportation-related services. With offices throughout the U.S. (New York, New Jersey, Chicago, Los Angeles, Atlanta and Philadelphia) and a network of independent international agents in approximately 52 countries, the Company provides the comprehensive logistics services and technology necessary to handle its customers’ shipping needs throughout the world. Cargo can be transported via air, sea or land, and Janel’s national network of locations can manage the shipment and/or receipt of cargo into or out of any location in the United States. Janel is registered as an Ocean Transportation Intermediary and licensed as a FMC Licensed Freight Forwarder by the Federal Maritime Commission.

Janel Corporation’s headquarters is located in Lynbrook, New York and its common stock is listed on the OTCQB Bulletin Board under the symbol "JANL". Additional information on the Company is available on its website at http://www.janelgroup.net

Forward-Looking Statements:

This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "intend," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the Company’s dependence upon conditions in the air, ocean and land-based freight forwarding industry, the size and resources of many competitors, the need for the Company to effectively integrate acquired businesses and to successfully deliver its primary services, and other risks detailed in the Company’s periodic report filings with the Securities and Exchange Commission, including its most recent Form 8-K, Form 10-Q and Form 10-K filings. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

CONTACT:

Investor Relations

Janel Corporation

(718) 527-3800

IR

SOURCE: Janel Corporation

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