PRESS RELEASE

Thursday, June 13th, 2005

PHOENIX participateed with a number of delegates in the 2nd Annual Sino International Freight Forwarders Conference which took place in Dalian China from the 8th to 11th June. The overwhelming requests by freight forwarders from all over China to meet with PHOENIX delegates in Dalian, apart from confirming the long established position of PHOENIX in the Chinese market, place considerable responsibility on the company Management, Executives and staff, to come up to expectations in serving the Chinese market reliably, effectively, efficiently and in compliance with International Quality Standards. It is noted that PHOENIX have been the first freight forwarders in Greece to be certified with ISO-9002 since 1994 and ISO-9001:2000 since 2002 and has been serving consitently and on continuity the Chinese market for over 10 years with FCL, LCL, airfreight and multi-modal services from all over the place.