NEW YORK, Sept. 28, 2007 (PRIME NEWSWIRE) -- Wall Street Reporter Magazine was recently granted an exclusive interview with Trym Jacobsen, Managing Director of Green Reefers ASA (Oslo:GRR), in which he discusses the company's burgeoning growth in the shipping and distribution industry.
"We have a core business with the fish exporters from Norway for the Eastern European markets and we have a core trading area in Central American packed food for the American market," Mr. Jacobsen tells Wall Street Reporter. "In combination with that, we do a lot of transatlantic business in the international reefer market in general."
The interview is available in streaming audio, or for download in MP3 format, at wallstreetreporter.com.
Highlights for investors include: - The recent explosion in demand for shipping and logistical services. - How Green Reefers has benefited from that increase in demand: "We more or less doubled the balance sheet 7 or 8 months ago, and we have sufficient capacity to provide for all the existing clients that we have," Mr. Jacobsen informs us. - What the company does to stand out from its competitors and why the investment community should take notice.
"We recently had a major expansion in our group. We are now currently in the consolidation phase, and we focus strongly on further developing our product, which is a combination of the operation of the ships and the land-based terminals," Mr. Jacobsen divulges. "There has been a nice development in rates over the last few years and we consider the underlying demand supply situation to be quite favorable."
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About Green Reefers ASA
Green Reefers ASA, headquartered in Norway, provides logistic services for the shipping and distribution needs of a global clientele. In addition to owning and operating their own ships, Green Reefers also operates several of the reef terminals that link them to their international clients.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business.