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About Janel World Trade, Ltd.

Janel World Trade, Ltd. is a global provider of integrated logistics; including domestic and international freight forwarding via multi-modal carriers, leading-edge, end-to-end, supply-chain technology, customs brokerage, warehousing and distribution, and other transportation-related services. With offices throughout the U.S. (New York, New Jersey, Chicago, Los Angeles, and Atlanta) and a network of independent international agents in approximately 52 countries, the Company provides the comprehensive logistics services and technology necessary to handle its customers' shipping needs throughout the world. Cargo can be transported via air, sea or land, and Janel's national network of locations can manage the shipment and/or receipt of cargo into or out of any location in the United States. Janel is registered as an Ocean Transportation Intermediary and licensed as a FMC Licensed Freight Forwarder by the Federal Maritime Commission.

Janel World Trade, Ltd.'s headquarters is located in Jamaica, New York, adjacent to the JFK International Airport, and its common stock is listed on the OTC Bulletin Board under the symbol "JLWT." Additional information on the Company is available on its website at http://www.janelgroup.net

Forward-Looking Statements

This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "intend," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the Company's dependence upon conditions in the air, ocean and land-based freight forwarding industry, the size and resources of many competitors, the need for the Company to effectively integrate acquired businesses and to successfully deliver its primary services, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission, including its most recent Form 8-K, Form 10-Q and Form 10-K filings. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

                  JANEL WORLD TRADE LTD. AND SUBSIDIARIES       CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME                            THREE MONTHS ENDED            YEAR ENDED                               September 30,             September 30,                         ------------------------  ------------------------                             2012         2011         2012         2011                         (unaudited)  (unaudited)   (audited)    (audited)REVENUES                 $29,250,331  $26,794,422  $98,702,647  $98,396,617COST AND EXPENSES:  Forwarding expenses     26,526,103   24,563,406   88,776,713   88,868,466  Selling, general and   administrative          2,566,446    2,320,194   10,114,204    9,630,818  Depreciation and   amortization              106,245       94,960      392,837      337,707  Change in fair value   of contingent   consideration          (1,129,650)           -   (1,129,650)           -                         -----------  -----------  -----------  -----------    TOTAL COSTS AND     EXPENSES             28,069,144   26,978,560   98,154,104   98,836,991                         -----------  -----------  -----------  -----------INCOME (LOSS) FROM CONTINUING OPERATIONS     1,181,187     (184,138)     548,543     (440,374)                         -----------  -----------  -----------  -----------OTHER ITEMS:  Impairment loss         (1,167,070)           -   (1,167,070)           -  Interest and dividend   income                          3          957        1,647        4,089  Interest expense           (47,062)     (31,769)    (173,206)    (137,015)                         -----------  -----------  -----------  -----------    TOTAL OTHER ITEMS     (1,214,129)     (30,812)  (1,338,629)    (132,926)                         -----------  -----------  -----------  -----------LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES                (32,942)    (214,950)    (790,086)    (573,300)Income taxes (credits)     1,559,028      (85,356)   1,221,304     (228,045)                         -----------  -----------  -----------  -----------NET LOSS FROM CONTINUING OPERATIONS              $(1,591,970) $  (129,594) $(2,011,390) $  (345,255)Loss from discontinued operations, net of tax     (226,891)    (148,779)    (667,326)    (312,442)                         -----------  -----------  -----------  -----------NET LOSS                 $(1,818,861) $  (278,373) $(2,678,716) $  (657,697)Preferred stock dividends                     3,750        3,750       15,000       15,000                         -----------  -----------  -----------  -----------NET LOSS AVAILABLE TO COMMON SHAREHOLDERS     $(1,822,611) $  (282,123) $(2,693,716) $  (672,697)OTHER COMPREHENSIVE INCOME NET OF TAX:Unrealized gain (loss) from available for sale securities              $     2,180  $   (11,220) $    12,968  $    (2,694)                         -----------  -----------  -----------  -----------TOTAL COMPREHENSIVE LOSS $(1,820,431) $  (293,343) $(2,680,748) $  (675,391)                         ===========  ===========  ===========  ===========Basic earnings (loss) per share:  Continuing operations  $     (0.07) $         -  $     (0.09) $     (0.02)                         ===========  ===========  ===========  ===========  Discontinued   operations            $     (0.01) $     (0.01) $     (0.03) $     (0.01)                         ===========  ===========  ===========  ===========    Total                $     (0.08) $     (0.01) $     (0.12) $     (0.03)                         ===========  ===========  ===========  ===========Diluted earnings (loss) per share:  Continuing operations  $     (0.07) $         -  $     (0.09) $     (0.02)                         ===========  ===========  ===========  ===========  Discontinued   operations            $     (0.01) $     (0.01) $     (0.03) $     (0.01)                         ===========  ===========  ===========  ===========    Total                $     (0.08) $     (0.01) $     (0.12) $     (0.03)                         ===========  ===========  ===========  ===========Basic weighted average number of shares outstanding              21,732,192   20,982,192   21,705,553   20,884,602                         ===========  ===========  ===========  ===========Fully diuted weighted average number of shares outstanding       23,367,442   22,617,442   23,340,803   22,726,099                         ===========  ===========  ===========  ===========    See notes to these consolidated financial statements included in the                             Company's Form 10-K                         CONSOLIDATED BALANCE SHEETS                                                   June 30,    September 30,                                                     2012           2011                                                 ------------ --------------                                                  (unaudited)    (audited)ASSETSCURRENT ASSETS:  Cash and cash equivalents                      $    773,868 $      474,755  Accounts receivable, net of allowance for   doubtful accounts of $325,335 and $289,547,   respectively                                     5,631,413      5,861,779  Marketable securities                                65,568         52,352  Loans receivable - officers                               -         92,817  Prepaid expenses and sundry current assets          128,210        114,835  Tax refund receivable                                     -        148,000  Assets in discontinued operations                         -        635,484                                                 ------------ --------------    TOTAL CURRENT ASSETS                            6,599,059      7,380,022                                                 ------------ --------------PROPERTY AND EQUIPMENT, NET                           511,403        459,850OTHER ASSETS:  Intangible assets, net                            1,821,526      3,271,649  Security deposits                                   167,049         97,299  Deferred income taxes                                     -      1,184,003                                                 ------------ --------------    TOTAL OTHER ASSETS                              1,988,575      4,552,951                                                 ------------ --------------TOTAL ASSETS                                     $  9,099,037 $   12,392,823                                                 ============ ==============LIABILITIES AND SHAREHOLDERS' EQUITYCURRENT LIABILITIES:  Note payable - bank                            $  1,601,336 $      951,335  Note payable - other                                      -        100,000  Accounts payable - trade                          4,450,252      4,536,815  Accrued expenses and other current liabilities      670,070        415,577  Current portion of long-term debt - bank             84,280         86,360  Current portion of long-term debt - related   party                                                    -        249,618  Liabilities in discontinued operations                    -        325,601                                                 ------------ --------------    TOTAL CURRENT LIABILITIES                       6,805,938      6,665,306                                                 ------------ --------------LONG-TERM DEBT - BANK                                 221,620        298,625LONG-TERM DEBT - RELATED PARTY                              -        826,666DEFERRED COMPENSATION                                  78,568         78,568                                                 ------------ --------------    TOTAL OTHER LIABILITIES                           300,188      1,203,859                                                 ------------ --------------STOCKHOLDERS' EQUITY                                1,992,911      4,523,658                                                 ------------ --------------TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY       $  9,099,037 $   12,392,823                                                 ============ ==============    See notes to these consolidated financial statements included in the                             Company's Form 10-K