STG Stonepath Grp.

Stonepath Group (AMEX:STG), the global logistics services organization, today announced the Company has been awarded a significant logistics project by Sao Paulo-based EIF (Engenharia e Investimentos Ferroviarios), an engineering firm specializing in reconditioning locomotives. Revenue for the project is in excess of $2.5 million. EIF has engaged Stonepath to orchestrate the complete end-to-end logistics solution for the movement of 53 pre-owned General Electric locomotives, each weighing 160 metric tons, from their points of origin in the United States to Santos, Brazil where they are reconditioned and sold to major Brazilian Railway companies. EIF expects to purchase another 400 units within the next two years due to strong demand for pre-owned General Electric locomotives in Brazil. "We are very pleased EIF has chosen Stonepath as their provider of choice for this complex, heavy-lift logistics operation," said Lothar Kammerer, Senior Vice President of Project Cargo Services for Stonepath Logistics. "Our team, and particularly Marcelo Rocha, Stonepath's Project Manager for South America, has done an outstanding job positioning us for success in this important region and helping to establish Stonepath as a leading provider of integrated logistics solutions worldwide." Stonepath Project Services Based in Houston, Texas, with capabilities worldwide, Stonepath Project Services group provides integrated logistics solutions for large-scale, complex operations. Stonepath provides a complete outsourced solution in global integrated logistics by monitoring project activity from "Factory to Foundation." About Stonepath Group (AMEX:STG) Stonepath (www.stonepath.com) is a global, third-party logistics organization providing a full range of transportation and distribution solutions to multinational and local businesses. Through a strategic acquisition program and strong organic growth, the Company has expanded rapidly, establishing a network of owned operations throughout North America, the Asia Pacific region and Latin America. For more information about the Company, please contact John Brine at (212) 254-8280.