News release

The California economy continues to generate mixed results as certain sectors begin to show signs of solid recovery (technology, agriculture, tourism and health care) relative to other sectors which continue to struggle (residential construction, retail and business services). The state continues to recover from the real estate overhang with persistently high foreclosure rates and a consumer looking to continue to de-lever.

Montebello, CA - Source Logistics, LLC ("Source") announced today that it has been named one of Inc. 500/5000 fastest-growing private companies list and now ranks among the top 100 Logistics & Transportation companies in the country. The 2011 list measured revenue growth from 2007 through 2010. To qualify, companies must have been in operation during this period of time, based in the U.S., privately held, for profit, and employee based.

Source saw its revenue grow 82% during this period of time and is expected to approach $20 million in revenue by the end of 2011. The company manages over 600,000 sq. ft. in warehouse space across four locations – Los Angeles, Laredo, Houston and New Jersey – providing a nationwide foot print for its customers, who continue to grow rapidly, demanding expanded services. The company provides valuable logistics solutions to leading Mexican and Latin American consumer product manufacturers exporting to U.S. retailers, who have surpassed most forecasts regarding trade volumes in the last few years.

Modesto, CA - Paleteria La Michoacana (PLM) announced today a record first half of the year in sales and profitability. The Modesto based manufacturer of Hispanic-oriented ice cream and frozen novelties recorded stronger than expected growth across its customer base in the U.S. and abroad despite the cooler weather experienced in the first half of the year.
The growth has been in part attributable to launching new product varieties with healthier ingredients. Leading the way are the Company’s new Agave fruit ice popsicles. The Agave plant, primarily from Mexico, produces several pounds of edible flowers during its final season. The stalks are roasted to provide a sweet extract called aguamiel, which is similar to sugarcane but without the negative health effects.

Over the last ten years the U.S. economy has become increasingly global - increased trade flows, increased dependence of S&P 500 firms on foreign earnings (currently in excess of 45%), and growing investment pools that search the world for opportunities. The economic relationship between the U.S. and Mexico has flourished as a result of such factors.