NEW YORK, Feb. 11 /PRNewswire-FirstCall/ -- Global Logistics Acquisition
Corporation ("GLAC") (Amex: GLA, GLA.U, GLA.WS), a public company formed to
effect a merger, capital stock exchange, asset purchase or other similar
business combination with an operating business, announced that its
stockholders approved its acquisition of all of the capital stock of The Clark
Group, Inc., the leading independent provider of value-added distribution,
transportation management, and international air and ocean freight forwarding
services to the print media industry. It is expected that the acquisition will
close shortly.
In addition to approving the acquisition, GLAC's stockholders approved
certain changes to the Company's certificate of incorporation relating to the
transaction, including changing GLAC's name to Clark Holdings, Inc. upon
consummation of the transaction. The stockholders also elected seven directors
-- James J. Martell, Gregory E. Burns, Donald G. McInnes, Edward W. Cook,
Maurice Levy, Brian H. Bowers and Timothy Teagan and approved GLAC's Long Term
Incentive Plan.
About Global Logistics Acquisition Corporation
Global Logistics Acquisition Corporation, a publicly traded acquisition
corporation, is focused solely on acquiring privately held transportation and
logistics companies. It raised net proceeds of approximately $88 million
through its initial public offering in February 2006 led by BB&T Capital
Markets and EarlyBirdCapital, Inc. Please visit www.glacteam.com for more
information.
SOURCE Global Logistics Acquisition Corporation