Rand Logistics Announces 2017 Marine Miracle Month Program Results
06 Outubro 2017 - 5:05PM
Rand Logistics, Inc. (NASDAQ:RLOG) (“Rand”), a leading provider of
bulk freight shipping services throughout the Great Lakes Region,
announced the Company will be donating in excess of $132,000 to
children’s charities designated by its customers as a result of its
second annual Marine Miracle Month Program, an increase of more
than 5% over last year’s program results.
In June 2017, Rand announced the Company will
donate $0.05 for every ton of cargo carried by its fleet during the
month of August 2017 to nonprofit organizations with a primary
focus on the health and wellbeing of children. For the program’s
second year, Rand is providing its customers the opportunity to
select the children’s charity of their choice and is making the
donations in each participating customer’s honor. The donation
amount is based upon the total tons each customer shipped during
the month of August.
“We are thrilled and inspired by the continued
interest and positive response that our customers, employees, and
community partners have shown towards the initiative, enabling us
to exceed last year’s program results. The donations based on cargo
carried in August have been augmented with additional donations
from individuals, a silent auction and other activities that help
support our goals,” stated Aaron Degodny, Rand’s Chief Commercial
Officer. “With approximately 30 participating customers again this
year, Marine Miracle Month has created a vehicle for Rand to give
back to the many communities in which we operate and expand the
reach of our corporate social responsibility efforts, while
strengthening partnerships with our valued customers.”
Degodny continued, “Rand introduced the Marine
Miracle Month program in 2016, and we are proud to have contributed
nearly $260,000 to date toward organizations across the Great
Lakes. We look forward to continuing Marine Miracle Month as an
annual event for Rand, our customers and the organizations and
children in the communities that it positively impacts.”
Qualifying not-for-profit organizations selected
by Rand’s participating customers must hold 501(c)(3) status in the
U.S. or be a registered charity in Canada providing services and
benefits to children.
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 three conventional
bulk carriers and twelve self-unloading bulk carriers including
three 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.
Forward-Looking StatementsThis
press release contains forward-looking statements, including
statements about our goals and expectations of Marine Miracle Month
and the benefits that Marine Miracle Month provides for our
business. 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, 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, participation by our customers in
the Marine Miracle Month program; fluctuations in currencies and
interest rates; the effect of the economic downturn in certain of
our markets; the weather conditions on the Great Lakes; our ability
to maintain and replace our vessels as they age; changes in
customer demand; adequacy of capital resources; and changes in
laws, regulations or tax rates.
The risks included are not exhaustive. 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 filed with the Securities and Exchange Commission on July
6, 2017.
CONTACT:
Rand Logistics, Inc.
Corporate Communications:Annemarie Dobler(212)
863-9429annemarie.dobler@randlog.com