Rand Logistics Announces the Hiring of Robert Bezan as Vice President of
Planning & Analysis
NEW YORK, April 30, 2013 (GLOBE NEWSWIRE) -- Rand Logistics, Inc.
(Nasdaq:RLOG) ("Rand") today announced the hiring of Robert (Bob) Bezan for
the newly created position of Vice President of Planning & Analysis at its
subsidiary, Lower Lakes Towing Ltd. This position was created in response to
our recent fleet expansions and to enable us to capitalize on future growth
opportunities. In this role, Bob will be responsible for all operational
planning and analysis activities for the Company. Bob has spent the last 14
years at Algoma Central Corporation and Seaway Marine Transport serving in
Scott Bravener, the President of Lower Lakes, commented "We are very pleased
to add an executive with Bob's level of Great Lakes experience to our senior
management team. In this newly created role, Bob will be primarily focused on
refining our existing performance metrics and monitoring fleet data to
optimize our asset utilization and contract performance. This will enhance the
earnings potential of our vessels."
This press release contains forward-looking statements. 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 and actual results, affecting our strategic plan as well as 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, the effect of the economic downturn in our markets; the
weather conditions on the Great Lakes; and our ability to maintain and replace
our vessels as they age.
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 as
filed with the Securities and Exchange Commission on June 8, 2012.
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 four conventional bulk carriers and twelve self-unloading
bulk carriers including four 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.
CONTACT: Rand Logistics, Inc.
Laurence S. Levy, Chairman & CEO
Edward Levy, President
INVESTOR RELATIONS COUNSEL
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