Phoenix Opens Office in Ningbo, China

Wood Dale, Illinois - December 15, 2003 -- Phoenix International Freight Services, Ltd. (Class "A" forwarder in China) has opened their latest full service international logistics office in one of China's oldest cities dating back to 4800 B.C.

Located in the middle of China's coastline south of the Yangtze Delta and the Shanghai Municipality, Ningbo is the center of a massive transportation network and producer of one-fifth of the Zhejiang province's industrial output.

"Ningbo port holds the most potential for container vessels in China. In 2006, Ningbo will be ready to handle vessels with a capacity of more than 7000 TEUs each. Shanghai port depth is limited to handling 4,000 TEU vessels and is almost fully occupied. More and more mother vessels will be calling on Ningbo when the port facility is ready", explains Phoenix's Managing Director, Andy Wang.

Ningbo Branch
Room 1802, PICC Building, No. 151 Yao Hang Street
Ningbo, China, 315000
Fax: 86-574-87199123
Olive Wang, Manager, Tel: 0574-87191488 / 87191489, olive-ngb@phoenixintl.com.cn
Tina Xu, Customer Service Coordinator, 0574-87191485, tina-ngb@phoenixintl.com.cn
Leeman Zhao, Operations Coordinator, 0574-87191486, leeman-ngb@phoenixintl.com.cn

Phoenix now has 44 worldwide offices, including 16 throughout Asia, in addition to their global network of exclusive agents.

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Media Contact:
Drew Felling
Director of Marketing
Phoenix International Freight Services, Ltd.
Tel: (816) 891-9169, ext. 129
e-Mail: drewf@corp.phoenixintl.com