Janel JANL

Janel Corporation is a holding company that owns subsidiaries in three business segments Logistics Life Sciences and Manufacturing. The company is incorporated in Nevada and headquartered in New York New York. It seeks to create shareholder value by supporting subsidiary investments allocating capital at high risk adjusted returns and attracting talent. Janel expects growth through organic expansion of its subsidiaries and through acquisitions within its existing segments or new strategic areas.

Janel generates revenue through its Logistics segment by providing freight forwarding via air ocean and land carriers customs brokerage warehousing and distribution trucking and other value added logistics services earning accessorial revenues such as fuel service charges wait time fees hazardous cargo fees labor charges handling cartage bonding and additional labor charges. The Life Sciences segment manufactures and distributes antibodies research and diagnostic reagents and offers custom services to academic non profit and commercial customers. The Manufacturing segment produces and sells mixing equipment and apparatuses for applications in chemicals inks paints construction plastics adhesives cosmetics food and pharmaceuticals. Revenue also comes from the distribution of non manufactured products and from the company's investment in marketable securities.

The company operates through the following segments Logistics Life Sciences and Manufacturing.

• The Logistics segment is a non asset based full service provider of cargo transportation logistics management services including freight forwarding via air ocean and land carriers customs brokerage warehousing and distribution trucking and other value added logistics services earning accessorial revenues such as fuel service charges wait time fees hazardous cargo fees labor charges handling cartage bonding and additional labor charges.

• The Life Sciences segment manufactures and distributes antibodies as well as research and diagnostic reagents and provides custom services to academic non profit and commercial customers producing products for life science companies on an original equipment manufacturer basis.

• The Manufacturing segment consists of Indco Inc which manufactures and distributes mixing equipment and apparatuses for specific applications within various industries including chemicals inks paints construction plastics adhesives cosmetics food and pharmaceuticals.

The Logistics segment operates in a highly fragmented market with low barriers to entry competing against small local providers and large multinational firms while maintaining a competitive edge through its non asset based model that offers flexible pricing and access to a global network of agents. The Life Sciences segment holds a strong position among academic diagnostic and pharmaceutical researchers due to its broad product offering of nearly five thousand items and its reputation for high quality products and reliable custom services. The Manufacturing segment benefits from a reputation for high quality customized mixing equipment in a fragmented industry where competitors vary in size and Indco differentiates itself through strong customer relationships reliable service and a focus on mission critical applications.

The Logistics segment serves a diverse range of customers across industries with no single customer accounting for more than three percent of revenue and the top ten customers together representing about seventeen percent of revenue. The Life Sciences segment sells to academic institutions non profit organizations and commercial life science companies. The Manufacturing segment supplies small to mid sized businesses as well as larger customers that place repetitive production orders for mixing equipment.