It is with a great deal of satisfaction that Pacific Cargoes, Inc. is pleased to announce to the trade that the U.S. Agency for International Development (USAID) of the U.S. Department of State has again honored our company with a contract to provide freight forwarding and chartering services for cargoes moving worldwide. This new contract will commence on August 1, 2008 in direct continuation of the present one. The same team that has served USAID almost uninterruptedly since 1987 will continue to do under this new contract which has initial performance term of two years with USAID's option for three additional years. Pacific Cargoes, Inc. looks forward to its role in serving USAID under this contract and in working cooperatively with the trade over the course of this contract.