Winland Online Shipping Posts First Quarter Loss as World Financial Crisis Dramatically Lowered Ship

Company Says Shipping Industry Portal Continued to Grow; Sees Opportunity in Current Environment to Expand Fleet

Reflecting the virtually unprecedented decline in shipping activity in the first quarter this year stemming from the world financial crisis, Winland Online Shipping Holdings Corporation (OTCBB: WLOL), reported today a significant reduction in revenues and a net loss in its first quarter ended March 31, 2009.
Source: Individual.com