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Bankruptcy Reorganization Chapter 11

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January 30, 2008

Summit Global Logistics, Inc. Files for Chapter 11

Summit Global Logistics, Inc. and 16 affiliates filed for chapter 11 reorganization today at the United States Bankruptcy Court for the District of New Jersey.  The East Rutherford, NJ Company lists between $50 and $100 million in assets on its petition.  The petition also lists between $100-$500 in liabilities.

Affiliated debtors include AmeRussia Shipping Company Inc., AMR Investments Inc., Clare Freight Los Angeles, Inc., Fashion Marketing, Inc., FMI Express Corp., FMI Holdco I, LLC, FMI International Corp., FMI International Corp. (West), FMI International LLC, FMI Trucking, Inc., Freight Management LLC, Maritime Logistics US Holdings Inc., SeaMaster Logistics, Inc., Summit Logistics International Inc., TUG New York, Inc. and TUG USA, Inc.

To download the petition and top 20 unsecured creditors - click here.  Please contact us through our website  for further information.


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