Last $0.07 USD
Change Today 0.00 / 0.00%
Volume 0.0
JLWT On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 02/25/15 All times are local (Market data is delayed by at least 15 minutes).

janel world trade ltd (JLWT) Snapshot

Open
$0.07
Previous Close
$0.07
Day High
$0.07
Day Low
$0.07
52 Week High
12/2/14 - $0.14
52 Week Low
10/30/14 - $0.04
Market Cap
2.0M
Average Volume 10 Days
500.0
EPS TTM
$-0.0040
Shares Outstanding
27.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for JANEL WORLD TRADE LTD (JLWT)

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janel world trade ltd (JLWT) Details

Janel World Trade Ltd., through its subsidiaries, provides logistics services for importers and exporters worldwide. The company offers freight forwarding and customs brokerage services, which include various value-added logistics services, such as freight consolidation, insurance, direct client computer access interface, logistics planning, landed-cost calculations, in-house computer tracking, product repackaging, online shipment tracking, and electronic billing services. Its logistics services also comprise warehousing and distribution, door-to-door freight pickup and delivery, cargo consolidation and de-consolidation, project cargo management, duty-drawback, product promotion, domestic pickup and forwarding, certifications for hazardous cargoes, letters of credit, and language translation services, as well as product packaging and repackaging. The company provides its freight forwarding services through air, ocean, and land-based carriers. Janel World Trade Ltd. conducts its business through a network of company-operated facilities and independent agent relationships. It serves consumer wearing apparel and textiles, machines and machine parts, and household appliance markets. Janel World Trade Ltd was founded in 1974 and is headquartered in Jamaica, New York.

75 Employees
Last Reported Date: 12/29/14
Founded in 1974

janel world trade ltd (JLWT) Top Compensated Officers

Chief Financial & Accounting Officer and Exec...
Total Annual Compensation: $175.0K
Managing Director of Georgia
Total Annual Compensation: $135.0K
Vice President and Operations Executive
Total Annual Compensation: $162.0K
Vice President of Illinois
Total Annual Compensation: $101.5K
Compensation as of Fiscal Year 2014.

janel world trade ltd (JLWT) Key Developments

Janel World Trade, Ltd. Announces Management Changes

Effective February 27, 2015, William J. Lally resigned from his position as President and Chief Executive Officer of Janel World Trade Ltd. to focus his full attention on his operational responsibilities at the company's operating subsidiary, Janel Group Inc. (‘Janel’) as Executive Vice President of Janel and President of Janel's Midwest Region. Effective February 27, 2015, Vincent Iacopella resigned from his position as Chief Operating Officer of the company to focus his full attention on his operational responsibilities at Janel as Executive Vice President of Janel and President of Janel's West Coast Region. Effective February 27, 2015, John J. Gonzalez, II resigned from his position as Vice President of the company to focus his full attention on his operational responsibilities at Janel as Executive Vice President of Janel and President of Janel's East Coast Region. Effective February 27, 2015, the company's board of directors appointed Brendan Killackey, currently a director of the company, as chief executive officer to serve until the next annual meeting of the board of directors of the company and until his successor is duly elected and qualified. Mr. Killackey, has served as a director of the company since September 2014. In his role as a director, he was instrumental in the rollout of the company's new technology platform and his broad knowledge of and experience in information technology will be beneficial to the company as reliance on information technology becomes increasingly critical to the company's business.

Janel Borrowers and Presidential Enter into Third Amendment to the Loan and Security Agreement

Janel World Trade Ltd. and certain of its wholly-owned subsidiaries (‘Janel Borrowers’) are party to a Loan and Security Agreement, as amended, with Presidential Financial Corporation (‘Presidential’), pursuant to which the Janel Borrowers were permitted to borrow up to $5 million, with an advance rate of 85% of the Janel Borrowers’ aggregate outstanding eligible accounts receivable, subject to adjustment as set forth in the Loan and Security Agreement. On September 25, 2014, the borrowing limit was temporarily increased from $5.0 million to $5.5 million, limited to 85% of the Janel Borrowers’ aggregate outstanding eligible accounts receivable, which temporary increase expired on October 9, 2014. On October 9, 2014, the Janel Borrowers and Presidential entered into a Third Amendment to the Loan and Security Agreement (the ‘Loan Amendment’), pursuant to which the borrowing limit was increased from $5.0 million to $7.0 million, limited to 85% of the Janel Borrowers’ aggregate outstanding eligible accounts receivable. The Janel Borrowers issued an Amended and Restated Demand Secured Promissory Note (‘Amended Note’) for the increased credit facility.

Janel World Trade Ltd. Announces Board and Management Changes

On September 11, 2014, Noel J. Jannello resigned from his position as a director of Janel World Trade Ltd. to focus on his responsibilities as Vice President and an operations executive of the company. On September 12, 2014 the Board elected Brendan Killackey to fill the vacancy created by such resignation.

 

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Valuation JLWT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.0x
Price/Book 0.7x
Price/Cash Flow 128.9x
TEV/Sales NM Not Meaningful
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