Stonepath’s Acquisition Trail

$318MM

2003 Pro Forma Revenues

October 2001

April 2002

May 2002

$18MM

$15MM

$15MM

$25MM

$74MM

$88MM

Regroup Express

Customs Services Int’l.

G-Link Singapore and Cambodia

June 2003

July 2003

August 2003

East Ocean, Planet, G-Link Malaysia, Group Logistics

Shaanxi Sunshine Express

$68MM

$15MM

December 2003

First Quarter 2004

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