EXHIBIT
99.1









For
      Immediate Release
            Contact:
            Investor
      Relations atJanel
      World Trade(404)
      261-1196IR
Janelgroup.net





JANEL
WORLD TRADE LTD. REPORTS 74% INCREASE IN FOURTH QUARTER REVENUE VS. FOURTH


QUARTER
2009 REFLECTING AN INCREASE OF $13.3 MILLION





RECORD
REVENUE FOR YEAR-END 2010 UP 23.2% OVER 2009 TO $88.5 MILLION: ANNUAL
EARNINGS


IMPROVE
BY $1.6 MILLION




JAMAICA,
NY – December 29, 2010 — Janel World Trade, Ltd. (OTC BB:  JLWT), a
full-service global provider of integrated transportation logistics and
environmental services, announced today financial results for its year ending
September 30, 2010.




Year End
Results




For the
fiscal year ending September 30, 2010, Janel reported record annual revenue of
$88,485,931, an increase of $16,633,125 or up 23.2% compared to fiscal year-end
2009. The 2010 year-end revenue represents the highest annual revenue reported
in the Company’s history. This annual milestone follows successive record
revenues for the second, third and fourth quarters of 2010. The Company’s core
logistics business units continue to outperform expectations in a recovering
economy, focusing on global shipping lanes of traffic exhibiting strong
growth and the Company’s core logistics services.




Reflecting
the successive quarters of record revenue and the continued focus on the
management of operating expenses, Janel reported a year-end 2010 net income
available to common shareholders of $367,849, or $.018 per fully diluted share,
an improvement of $1,624,047, compared to a year-end 2009 net loss of
$(1,256,198), or $(.070) per fully diluted share. The prior year included a
one-time non-cash pre-tax charge of $1,066,240 for impairment of
goodwill.




Fourth Quarter 2010
Results




For the
three months ended September 30, 2010, the Company reported total revenue of
$31,212,341, up $13,302,205 or 74.3% as compared to the fourth quarter of fiscal
2009.  Because of the same focus and positive factors affecting the
year-end results, the Company reported net income available to common
shareholders of $152,667 or $.007 per fully diluted share in 2010, a significant
improvement in earnings of $891,543 from the 2009 reported net loss of
$(738,876), or $(.041) per fully diluted share.









The
improvement in revenue and earnings for the fourth quarter ended September 30,
2010 is a continuation of three successive quarters of record revenue combined
and the continued aggressive management of all operating costs and overheads.
The prior year included a one-time non-cash pre-tax charge of $1,066,240 for
impairment of goodwill.




Review and
Outlook




“We
are very pleased with our results for the quarter and fiscal year ended
September 30, 2010” said James N. Jannello, Executive Vice President and
Chief Executive Officer. “Our 2010 year-end revenue and earnings reflect the
many hours of focus and hard work by the management and people of Janel. Not
only did we have our first quarter of over $30 Million in revenue, but we have
managed expenses at the same time which is improving our bottom line. Thefourth
quarter revenue and continued strong quarterly earnings, plus our recent
acquisition of the assets of Ferrara International Logistics (Ferrara) with an
expected $7.0 million of additional annual revenue, continue to make us
optimistic about the coming year
ahead.”




Jannello
continued, “Looking ahead to 2011, our expectation is to build a company
exceeding $100 million in annual revenue with continued improvement in net
profitability, based on a continuing modest recovery in global economic
conditions. Although always difficult to predict, our recent asset acquisition
of Ferrara and our core logistics business units continuing to perform in a
recovering economy, along with our anticipation that our customers continue to
report improvement in their businesses and adding new customers, leads us
to the expectation that we can finish fiscal year 2011 with another record
revenue year and increased net income."




Jannello
concluded, “We are committed to growing our core transportation logistics
segment and exploring opportunities to expand existing traffic lanes and
services that generate higher operating margins which will continue to enhance
the profitability of our business and build shareholder value.”




To be included in
Janel’s database for Corporate Press Releases and industry updates, investors
are invited to send their e-mail address to: IRInfo@janelgroup.net.




About Janel World Trade,
Ltd.




Janel
World Trade, Ltd. is a global provider of integrated logistics and environmental
services, 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, Chicago, Los Angeles, and
Atlanta), the Far East (Hong Kong, Shanghai, and Shenzhen) and Central America
(El Salvador, Honduras and Guatemala) , 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


(Unaudited)







THREE MONTHS ENDED
                                  
                                  
                                  YEAR ENDEDSEPTEMBER 30,
                                  
                                  
                                  SEPTEMBER 30,2010
                                  
                                  
                                  2009
                                  
                                  
                                  2010
                                  
                                  
                                  2009(audited)
                                  
                                  
                                  (audited)REVENUES
                                  
                                  $
                                  31,212,341
                                  
                                  
                                  $
                                  17,910,136
                                  
                                  
                                  $
                                  88,485,931
                                  
                                  
                                  $
                                  71,852,806COSTS
      AND EXPENSES:Forwarding
      expenses
                                  
                                  
                                  28,660,471
                                  
                                  
                                  
                                  15,715,387
                                  
                                  
                                  
                                  79,572,253
                                  
                                  
                                  
                                  63,418,743Selling,
      general and administrative
                                  
                                  
                                  2,178,924
                                  
                                  
                                  
                                  2,030,657
                                  
                                  
                                  
                                  7,852,122
                                  
                                  
                                  
                                  8,438,189Depreciation
      and amortization
                                  
                                  
                                  62,953
                                  
                                  
                                  
                                  182,146
                                  
                                  
                                  
                                  246,205
                                  
                                  
                                  
                                  552,707TOTAL
      COSTS AND EXPENSES
                                  
                                  
                                  30,902,347
                                  
                                  
                                  
                                  17,928,190
                                  
                                  
                                  
                                  87,670,580
                                  
                                  
                                  
                                  72,409,639OPERATING
      INCOME (LOSS)
                                  
                                  
                                  309,994
                                  
                                  
                                  
                                  (18,054
                                  )
                                  
                                  
                                  815,351
                                  
                                  
                                  
                                  (556,833
                                  )OTHER
      ITEMS:Impairment
      loss
                                  
                                  
                                  -
                                  
                                  
                                  
                                  (1,066,240
                                  )
                                  
                                  
                                  -
                                  
                                  
                                  
                                  (1,066,240
                                  )Interest
      and dividend income
                                  
                                  
                                  1,031
                                  
                                  
                                  
                                  1,010
                                  
                                  
                                  
                                  4,959
                                  
                                  
                                  
                                  14,581Interest
      expense
                                  
                                  
                                  (21,608
                                  )
                                  
                                  
                                  (58,842
                                  )
                                  
                                  
                                  (101,415
                                  )
                                  
                                  
                                  (224,706
                                  )TOTAL
      OTHER ITEMS
                                  
                                  
                                  (20,577
                                  )
                                  
                                  
                                  (1,124,072
                                  )
                                  
                                  
                                  (96,456
                                  )
                                  
                                  
                                  (1,276,365
                                  )INCOME
      (LOSS) BEFORE INCOME TAXES
                                  
                                  
                                  289,417
                                  
                                  
                                  
                                  (1,142,126
                                  )
                                  
                                  
                                  718,895
                                  
                                  
                                  
                                  (1,833,198
                                  )Income
      taxes (credits)
                                  
                                  
                                  133,000
                                  
                                  
                                  
                                  (407,000
                                  )
                                  
                                  
                                  336,000
                                  
                                  
                                  
                                  (592,000
                                  )NET
      INCOME (LOSS)
                                  
                                  
                                  156,417
                                  
                                  
                                  
                                  (735,126
                                  )
                                  
                                  
                                  382,895
                                  
                                  
                                  
                                  (1,241,198
                                  )Preferred
      stock dividends
                                  
                                  
                                  3,750
                                  
                                  
                                  
                                  3,750
                                  
                                  
                                  
                                  15,046
                                  
                                  
                                  
                                  15,000NET
      INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS
                                  
                                  $
                                  152,667
                                  
                                  
                                  $
                                  (738,876
                                  )
                                  
                                  $
                                  367,849
                                  
                                  
                                  $
                                  (1,256,198
                                  )OTHER COMPREHENSIVE
      INCOMENET
      OF TAX:Unrealized
      gain(loss) from available for sale securities
                                  
                                  $
                                  4,626
                                  
                                  
                                  $
                                  6,588
                                  
                                  
                                  $
                                  2,469
                                  
                                  
                                  $
                                  (197
                                  )Basic
      earnings (loss) per share
                                  
                                  $
                                  .008
                                  
                                  
                                  $
                                  (.042
                                  )
                                  
                                  $
                                  .020
                                  
                                  
                                  $
                                  (.072
                                  )Fully
      diluted earnings (loss) per share
                                  
                                  $
                                  .007
                                  
                                  
                                  $
                                  (
      .041
                                  )
                                  
                                  $
                                  .018
                                  
                                  
                                  $
                                  (
      .070
                                  )Weighted
      number of shares outstanding
                                  
                                  
                                  18,503,082
                                  
                                  
                                  
                                  17,511,485
                                  
                                  
                                  
                                  18,223,942
                                  
                                  
                                  
                                  17,545,712Fully
      diluted weighted number of shares outstanding
                                  
                                  
                                  21,010,582
                                  
                                  
                                  
                                  17,911,485
                                  
                                  
                                  
                                  20,843,733
                                  
                                  
                                  
                                  17,945,712







See notes
to these consolidated financial statements included in the Company’s Form
10-K





JANEL
WORLD TRADE LTD. AND SUBSIDIARIES


CONSOLIDATED
BALANCE SHEETS







SEPTEMBER 30, 2010
                              
                              
                              SEPTEMBER 30, 2009(Audited)
                              
                              
                              (Audited)ASSETSCURRENT
      ASSETS:Cash
      and cash equivalents
                              
                              $
                              1,354,912
                              
                              
                              $
                              1,483,150Accounts
      receivable, net of allowance for doubtfulAccounts
      of $106,987 and $85,368, respectfully
                              
                              
                              6,841,607
                              
                              
                              
                              4,616,244Marketable
      securities
                              
                              
                              54,748
                              
                              
                              
                              52,100Loans
      receivable – officers
                              
                              
                              97,092
                              
                              
                              
                              114,616–
      other
                              
                              
                              583
                              
                              
                              
                              4,908Prepaid
      expenses and sundry current assets
                              
                              
                              96,608
                              
                              
                              
                              239,437Tax
      refund receivable
                              
                              
                              -
                              
                              
                              
                              289,000TOTAL
      CURRENT ASSETS
                              
                              
                              8,445,550
                              
                              
                              
                              6,799,455PROPERTY
      AND EQUIPMENT, NET
                              
                              
                              111,478
                              
                              
                              
                              179,779OTHER
      ASSETS:Security
      deposits
                              
                              
                              53,688
                              
                              
                              
                              55,991Deferred
      income taxes
                              
                              
                              1,017,000
                              
                              
                              
                              1,114,000Intangible
      assets, net
                              
                              
                              1,714,702
                              
                              
                              
                              1,875,754TOTAL
      OTHER ASSETS
                              
                              
                              2,785,390
                              
                              
                              
                              3,045,745TOTAL
      ASSETS
                              
                              $
                              11,342,418
                              
                              
                              $
                              10,024,979LIABILITIES
      AND STOCKHOLDERS’ EQUITYCURRENT
      LIABILITIES:Accounts
      payable – trade
                              
                              $
                              4,516,547
                              
                              
                              $
                              3,116,830–
      related party
                              
                              
                              -
                              
                              
                              
                              100,078Accrued
      expenses and taxes payable
                              
                              
                              564,386
                              
                              
                              
                              422,110Note
      payable – bank
                              
                              
                              951,335
                              
                              
                              
                              -–
      other
                              
                              
                              -
                              
                              
                              
                              125,000Current
      portion of long-term debt
                              
                              
                              581,019
                              
                              
                              
                              544,141TOTAL
      CURRENT LIABILITIES
                              
                              
                              6,613,287
                              
                              
                              
                              4,308,159OTHER
      LIABILITIES:Long-term
      debt
                              
                              
                              13,889
                              
                              
                              
                              1,506,096Deferred
      compensation
                              
                              
                              78,568
                              
                              
                              
                              78,568TOTAL
      OTHER LIABILITIES
                              
                              
                              92,457
                              
                              
                              
                              1,584,664STOCKHOLDERS’
      EQUITY
                              
                              
                              4,636,674
                              
                              
                              
                              4,132,156TOTAL
      LIABILITIES AND STOCKHOLDERS’ EQUITY
                              
                              $
                              11,342,418
                              
                              
                              $
                              10,024,979








See
notes to these consolidated financial statements included in the Company’s Form
10-K








JANEL
WORLD TRADE LTD AND SUBSIDIARIES


EBITDA
RECONCILIATION WITH GAAP


(UNAUDITED)







THREE MONTHS ENDED
                  
                  
                  YEAR ENDEDSEPTEMBER30,
                  
                  
                  SEPTEMBER30,2010
                  
                  
                  2009
                  
                  
                  2010
                  
                  
                  2009Net
      income (loss) per financial statement
                  
                  $
                  156,417
                  
                  
                  $
                  (735,126
                  )
                  
                  $
                  382,895
                  
                  
                  $
                  (1,241,198
                  )Interest
      expense
                  
                  
                  21,608
                  
                  
                  
                  58,842
                  
                  
                  
                  101,415
                  
                  
                  
                  224,706Interest
      and dividend (income)
                  
                  
                  (1,031
                  )
                  
                  
                  (1,010
                  )
                  
                  
                  (4,959
                  )
                  
                  
                  (14,581
                  )Income
      tax expense (credit)
                  
                  
                  133,000
                  
                  
                  
                  (407,000
                  )
                  
                  
                  336,000
                  
                  
                  
                  (592,000
                  )Depreciation
      expense
                  
                  
                  22,690
                  
                  
                  
                  34,272
                  
                  
                  
                  85,152
                  
                  
                  
                  136,315Amortization
      expense
                  
                  
                  40,263
                  
                  
                  
                  147,874
                  
                  
                  
                  161,053
                  
                  
                  
                  416,392EBITDA
      (Earnings before interest, taxes,depreciation
      and amortization
                  
                  $
                  372,947
                  
                  
                  $
                  (902,148
                  )
                  
                  $
                  1,061,556
                  
                  
                  $
                  (1,070,366
                  )Impairment
      loss
                  
                  
                  -
                  
                  
                  
                  1,066,240
                  
                  
                  
                  -
                  
                  
                  
                  1,066,240EBITDA
      adjusted for impairment loss
                  
                  $
                  372,947
                  
                  
                  $
                  164,092
                  
                  
                  $
                  1,061,556
                  
                  
                  $
                  (4,126
                  )