Article: Stonepath Group Reports Third Quarter Results; Air Plus Limited Acquisition Closes.

PHILADELPHIA, Nov. 15 /PRNewswire/ --

Stonepath Group, Inc. (Amex: STG) reported results for the quarter ended September 30, 2001.

Dennis Pelino, Chairman and CEO of Stonepath Group remarked, "The October 5th closing of Air Plus Limited completed the first step in our strategy to build a leading global, integrated logistics services organization. We're very pleased with Air Plus' operational performance and with their superior customer service. Best Buy, Co., Inc. recently presented Air Plus with its top vendor award for service support at the retailer's 2001 "Bravo! Awards," a tremendous accolade from one of the country's leading specialty retailers. ...

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