A.C.L.N. Announces Hiring of Investor Relations Firm

14 September 1998

A.C.L.N. Announces Hiring of Investor Relations Firm - Company Committed to U.S. Standards and Open Communication for Investors

    PTE-DE-MONACO--Sept. 14, 1998--A.C.L.N. Limited (Nasdaq NM:ACLNF), a leading freight consolidator which arranges for the shipment of used automobiles sold in Belgium by independent auto dealers to purchasers who live in North and West Africa and the Middle East, and provides related customs clearance services announced today that it has hired the U.S.-based firm Fairfax Communications to handle its investor relations communications programs.
    "I am delighted to have hired Fairfax Communications to handle all our investor relations communications," said Aldo Labiad, chief executive officer and president. "We know the importance of communicating clearly and frequently with our investors, Wall Street and the media. Hiring Fairfax shows our commitment in this area. Their reputation and long-term track record in the field of investor relations gives us confidence that we can focus on continuing to grow this company profitably."
    The principals of Fairfax Communications, James E. McGrath and Kathleen A. Horigan, are practitioners with a combined total of more than 34 years' of general management experience and 15 years' of specific experience in investor and public relations.
    Horigan, co-founder and CEO of Fairfax Communications, has more than 10 years of experience in public relations and investor relations. She was the manager of Investor Relations and Corporate Communications for American Medical Response Inc. (formerly NYSE:EMT), a billion dollar ambulance service company, and Perceptron , a $300 million leading machine vision company, and an associate working on public relations, investor relations and research at Robertson Ceco Corp. , an $800 million building products manufacturer. As a senior account manager at two public relations agencies, her client list has also included: Fleet Financial Group , State Street Bank , Tucker Anthony, AllEnergy, Unicef, Freedom Capital Management, Boston Gas, The YWCA, The Recovery Group and Eastern Enterprises .
    McGrath, co-founder and chairman of Fairfax Communications, has been a founder or owner of more than 30 companies, more than a dozen of which have become public. He has been chairman, CEO, or president of numerous public companies and has broad high-level general management experience in many functional areas.

    This news release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on the current expectations of management and are subject to a number of risk factors and uncertainties that could cause actual results for performance of the company to differ materially from those described herein.