Hecny Shipping Ltd.

Since its inception for more than half a century, the Company has enjoyed continuing growth in terms of business activities as well as net earnings. Despite the current volatile economic environment, we maintain our leadership in airfreight forwarding business with significant growth in airfreight volume. In 2004 our shipping business moved a record-breaking 160,000 plus containers. The Company's capabilities of acquiring new customers as well as improving overall cost efficiency are the key attributes for our success. Our investment in information technology also elevates the Company's service quality. Customers are empowered with electronic data transfer and digital communication services with the Company so as to streamline their operating procedure and increase cost effectiveness. We are confident that our competitive edge based on experience, innovation and service quality will contribute continuous long-term growth for the Hecny Group. Mr. Charlie C.K. Lee President and Chairman of the Board Hecny has maintained a significant role in the global air transportation arena for over half a century. We take pride in providing tailor-made quality service to satisfy customer’s each and every requirement. With our vast experience in airfreight forwarding industry and worldwide network of over 70 offices and 200 agents covering all five continents, we offer local expertise with global experience catering to each customer’s specific transportation and logistics needs. Our air forwarding service capabilities encompass: Integrated freight forwarding service for air and ground operations Consolidation service Sea-Air intermodal solutions Door-to-Door delivery Premium expedited service for urgent shipments Customs clearance & documentation Special courier service Packaging and crating Cargo track and trace Customerized EDI shipment reports Consular Legislation and Special Charters Reducing costs and improving efficiency Providing a first contact to customer around the world Meeting increasing customer expectations Being held accountable for customer loyalty Providing timely support and reducing the customer waiting time frame Establishing an effective communication channel to customer at different regions