ARMLOGI ANNOUNCES EXPANSION AT THE PORT OF SAVANNAH
30 Mai 2024 - 1:00PM
Armlogi Holding Corp. (“Armlogi” or the “Company”) (Nasdaq: BTOC),
a U.S.-based warehousing and logistics service provider that offers
a comprehensive package of supply-chain solutions related to
warehouse management and order fulfillment, today announced the
signing of a lease for a new 733,200 square foot warehouse located
close to the Port of Savannah in Georgia. The Port of Savannah’s
strategic location makes it an ideal transit point connecting the
United States and global markets, providing cross-border e-commerce
companies from Asia with direct access to end markets, and
accessing 65 percent of the U.S. population within a two-day drive
by ground, water, rail or air.
As a fast-growing seaport in the United States
and one of the major logistics hubs on the East Coast, the Port of
Savannah is home to the largest single-terminal container facility
of its kind in North America and is the third busiest container
port gateway in the nation, serving 35 weekly services; the most in
the U.S. According to Supply Chain Dive, a news publication that
closely monitors the supply chain management industry,
“rail cargo volumes reached 44,902 containers in March
2024, an increase of 22% year over year, handling close to 436,000
total Twenty-foot Equivalent Units
that month, marking a 19% rise year over
year.”
Aidy Chou, Chairman and CEO of Armlogi,
commented, “We are thrilled to expand our operations to the Port of
Savannah, a critical hub for logistics and supply chain solutions
in the United States. This new warehouse will significantly enhance
our capacity to serve our clients with even greater efficiency and
speed. We expect this strategic location of the Port of Savannah
will allow us to connect seamlessly with global markets and provide
unparalleled access to a large portion of the U.S. population
within two-day transit. Our continued expansion is intended to meet
growing demand and foster the delivery of exceptional service to
our clients.”
About Armlogi Holding Corp.
Armlogi Holding Corp., based in Walnut, CA, is a
fast-growing U.S.-based warehousing and logistics service provider
that offers a comprehensive package of supply-chain solutions
relating to warehouse management and order fulfillment. The Company
caters to cross-border e-commerce merchants looking to establish
overseas warehouses in the U.S. market. With eleven warehouses
covering over two million square feet, the Company offers
comprehensive one-stop warehousing and logistics services. The
Company’s warehouses are equipped with facilities and technology
for handling and storing large and bulky items. For more
information, please visit www.armlogi.com.
Safe
Harbor StatementThis press release contains
forward-looking statements. In addition, from time to time, we or
our representatives may make forward-looking statements orally or
in writing. We base these forward-looking statements on our
expectations and projections about future events, which we derive
from the information currently available to us. Such
forward-looking statements relate to future events or our future
performance, including: our financial performance and projections;
our growth in revenue and earnings; and our business prospects and
opportunities. You can identify forward-looking statements by those
that are not historical in nature, particularly those that use
terminology such as “may,” “should,” “expects,” “anticipates,”
“contemplates,” “estimates,” “intends,” “believes,” “plans,”
“projected,” “predicts,” “potential,” or “hopes” or the negative of
these or similar terms. In evaluating these forward-looking
statements, you should consider various factors, including: our
ability to change the direction of the Company; our ability to keep
pace with new technology and changing market needs; and the
competitive environment of our business. These and other factors
may cause our actual results to differ materially from any
forward-looking statement. Forward-looking statements are only
predictions. We are not obligated to publicly update or revise any
forward-looking statement, whether as a result of uncertainties and
assumptions. The forward-looking events discussed in this press
release and other statements made from time to time by us or our
representatives, may not occur, and actual events and results may
differ materially and are subject to risks, uncertainties, and
assumptions about us.
Company
Contact:info@armlogi.com
Investor Relations
Contact:Matthew Abenante, IRCPresidentStrategic Investor
Relations, LLC Tel: 347-947-2093Email: matthew@strategic-ir.com
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