Stonepath Requests Delay in Filing the Form 10K

    SEATTLE, March 30 /CNW/ -- Stonepath Group (Amex:   STG), Current financial
condition has rendered it unable to engage its auditors to perform an audit on
its 2006 financial statements, thus Stonepath is unable to prepare and file an
Annual Report on Form 10K for fiscal year ended December 31, 2006 within the
prescribed time period without unreasonable effort or expense. In addition,
there has been a change in the Stonepath's directors and management.
Stonepath's current directors and management are assessing Stonepath's current
financial condition considering the options available to Stonepath at this

    About Stonepath Group
    Stonepath Group is a global, third-party logistics organization providing
a full range of transportation and distribution solutions to multinational and
local businesses including a diverse client mix of retail leaders, automotive
and technology concerns, government agencies, and defense contractors.

    This Press Release includes forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, regarding future results,
levels of activity, events, trends or plans. We have based these
forward-looking statements on our current expectations and projections about
such future results, levels of activity, events, trends or plans.  These
forward-looking statements are not guarantees and are subject to known and
unknown risks, uncertainties and assumptions about us that may cause our
actual results, levels of activity, events, trends or plans to be materially
different from any future results, levels of activity, events, trends or plans
expressed or implied by such forward-looking statements. In some cases, you
can identify forward-looking statements by terminology such as "guidance,"
"may," "will," "should," "could," "would," "expect," "plan," "anticipate,"
"believe," "estimate," "continue" or the negative of such terms or other
similar expressions. Although it is impossible to identify all of the other
factors that may cause our actual results, levels of activity, events, trends
or plans to differ materially from those set forth in such forward-looking
statements, such factors include the inherent risks associated with: (i) our
ability to sustain an annual growth rate in revenue consistent with recent
results, (ii) our ability to achieve our targeted operating margins, (iii) our
ability to compute our restructuring efforts within the costs we now expect,
(iv) our ability to realize the planned benefits from our restructuring
efforts, (v) our dependence on certain large customers, (vi) our dependence
upon certain key personnel, (vii) an unexpected adverse result in any legal
proceeding, (viii) competition in the freight forwarding, logistics and supply
chain management industry, (ix) the impact of current and future laws
affecting the Company's operations, (*) adverse changes in general economic
conditions as well as economic conditions affecting the specific industries
and customers we serve, and (xi) regional disruptions in transportation. Other
factors that might cause or contribute to such a discrepancy between expected
and actual results  include, but are not limited to, those factors identified
in our Securities and Exchange Commission filings (including our Annual Report
on Form 10-K for 2005), other public documents and recent press releases,
which can be found on our corporate web site,  Readers are
cautioned not to place undue reliance on forward-looking statements, which
speak only as of the date made. We undertake no obligation to publicly release
the result of any revision of these forward-looking statements to reflect
events or circumstances after the date they are made or to reflect the
occurrence of unanticipated events.

    For further information contact:

For further information:

For further information: Stonepath Group, +1-206-802-3890, Web Site:

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