Article: Andrew Panzo Resigns From Stonepath Group.

PHILADELPHIA -- Stonepath Group today announced that Andrew Panzo, formerly President, Vice Chairman and founder, has agreed to resign from the company, effective immediately. Mr. Panzo remains a Director of the company.

"We thank Andrew for his many contributions to the Company," said Dennis Pelino, Stonepath's Chairman of the Board and CEO. "Earlier this year, Stonepath repositioned itself as an integrated logistics services business and management changes are part of formalizing the new direction of the Company and executing on our vision."

Pelino continued, "While the second half of 2001 has been productive, we are still in the very early stages ...

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