| ***·  *** | ***Revenue                up $22 million*** |
|--------------------------|---------------------------------------------|

| ***·  *** | ***Net                Income Up 73%*** |
|--------------------------|----------------------------------------|

**Contact:**

**Paul      G. Henning**

**Cameron      Associates**

**212      554 5462**

**phenning@cameronassociates.com**

**Baltimore,      Maryland- September 6, 2006 - **

*Target      Logistics will hold a conference call at 4:00 PM. ET on Wednesday, September      6,      2006. Interested parties are invited to listen to the call live, over the      Internet at *
*www.targetlogistics.com*
*.      The      live call may also be accessed at *
*.      The      call will also be available by dialing *
*(866)272-9941,      or for international callers, (617) 213-8895 and by using the confirmation      code      17101884. *
*A      replay of the teleconference will be available until October 6, 2006 at*
*www.targetlogistics.com*
*.      A      replay will also be available by dialing *
*(888)      286 8010 (domestic) or 617 801 6888 (international) and by using confirmation      code 88546544.*

----

**--      Financial tables to follow --**

----

|                                                                        |   | Three                  months ended June 30,   |       | Twelve                  months ended June 30, |   |
|-----------------------------------------------------------------------------|--------|----------------------------------------------------------|------------|-----------------------------------------------|--------|
|                                                                        |   | 2006                                                     |       | 2005                                          |   | 2006 |   | 2005 |   |
|                                                                        |   |                                                     |       |                                          |   | (audited) |   | (audited) |   |
|                                                                        |   |                                                     |       |                                          |   |   |   |   |   |
| Operating                  revenues                                         |   | $                                                        | 40,404,501 |                                          | $      | 36,738,180 |   | $ | 160,368,570 |   | $ | 138,392,375 |   |
| Cost                  of transportation                                     |   |                                                     | 27,901,554 |                                          |   | 24,688,659 |   |   | 110,098,043 |   |   | 93,913,264 |   |
| Gross                  profit                                               |   |                                                     | 12,502,947 |                                          |   | 12,049,521 |   |   | 50,270,527 |   |   | 44,479,111 |   |
|                                                                        |   |                                                     |       |                                          |   |   |   |   |   |   |   |   |   |
|                                                                        |   |                                                     |       |                                          |   |   |   |   |   |   |   |   |   |
| Selling,                  general and administrative expenses ("SG&A"): |   |                                                     |       |                                          |   |   |   |   |   |
| Target                  subsidiary (exclusive forwarder commissions)        |   |                                                     | 3,781,547  |                                          |   | 3,956,818 |   |   | 15,874,335 |   |   | 15,920,706 |   |
| SG&A                  - Target subsidiary                               |   |                                                     | 7,144,869  |                                          |   | 6,693,550 |   |   | 27,620,391 |   |   | 24,002,255 |   |
| SG&A                  - Corporate                                       |   |                                                     | 386,452    |                                          |   | 274,628 |   |   | 1,384,180 |   |   | 1,102,018 |   |
| Depreciation                  and amortization                              |   |                                                     | 169,586    |                                          |   | 264,503 |   |   | 616,310 |   |   | 600,155 |   |
| Selling,                  general and administrative expenses               |   |                                                     | 11,482,454 |                                          |   | 11,189,499 |   |   | 45,495,216 |   |   | 41,625,134 |   |
|                                                                        |   |                                                     |       |                                          |   |   |   |   |   |   |   |   |   |
| Operating                  income                                           |   |                                                     | 1,020,493  |                                          |   | 860,022 |   |   | 4,775,311 |   |   | 2,853,977 |   |
|                                                                        |   |                                                     |       |                                          |   |   |   |   |   |   |   |   |   |
| Other                  income (expense):                                    |   |                                                     |       |                                          |   |   |   |   |   |   |   |   |   |
| Interest                  (expense)                                         |   |                                                     | (7,997     | )                                             |   | (21,910 | ) |   | (126,516 | ) |   | (85,717 | ) |
|                                                                        |   |                                                     |       |                                          |   |   |   |   |   |   |   |   |   |
| Income                  before taxes                                        |   |                                                     | 1,012,496  |                                          |   | 838,112 |   |   | 4,648,795 |   |   | 2,768,260 |   |
| Provision                  for income taxes                                 |   |                                                     | 369,932    |                                          |   | 332,832 |   |   | 1,943,197 |   |   | 1,207,122 |   |
| Net                  income                                                 |   | $                                                        | 642,564    |                                          | $      | 505,280 |   | $ | 2,705,598 |   | $ | 1,561,138 |   |
|                                                                        |   |                                                     |       |                                          |   |   |   |   |   |   |   |   |   |
| Net                  Income per share attributable to common shareholders:  |   |                                                     |       |                                          |   |   |   |   |   |
| Basic                                                                       |   | $                                                        | 0.03       |                                          | $      | 0.03 |   | $ | 0.15 |   | $ | 0.08 |   |
| Diluted                                                                     |   | $                                                        | 0.03       |                                          | $      | 0.02 |   | $ | 0.13 |   | $ | 0.07 |   |
|                                                                        |   |                                                     |       |                                          |   |   |   |   |   |   |   |   |   |
| Weighted                  average shares outstanding:                       |   |                                                     |       |                                          |   |   |   |   |   |   |   |   |   |
| Basic                                                                       |   |                                                     | 17,886,735 |                                          |   | 15,834,778 |   |   | 16,223,353 |   |   | 15,830,915 |   |
| Diluted                                                                     |   |                                                     | 21,490,385 |                                          |   | 21,490,100 |   |   | 21,490,369 |   |   | 21,489,990 |   |

----

**Target        Logistics, Inc. and Subsidiaries**

**Selected          Balance Sheet Data**

|                                       |   | June                  30, |       | June                  30, |   |
|--------------------------------------------|--------|---------------------------|------------|---------------------------|--------|
|                                       |   | 2006                      |       | 2005                      |   |
|                                       |   | (unaudited)               |       | (audited)                 |   |
|                                       |   |                      |       |                      |   |
| Cash                  and Cash Equivalents |   | $                         | 7,015,018  |                      | $      | 6,525,577 |   |
|                                       |   |                      |       |                      |   |   |   |
| Total                  Current Assets      |   | $                         | 29,797,740 |                      | $      | 28,789,386 |   |
|                                       |   |                      |       |                      |   |   |   |
| Total                  Assets              |   | $                         | 45,250,881 |                      | $      | 42,599,718 |   |
|                                       |   |                      |       |                      |   |   |   |
| Current                  Liabilities       |   | $                         | 23,014,672 |                      | $      | 23,062,048 |   |
|                                       |   |                      |       |                      |   |   |   |
| Long                  Term Liabilities     |   | $                         | 555,199    |                      | $      | 377,911 |   |
|                                       |   |                      |       |                      |   |   |   |
| Working                  Capital           |   | $                         | 6,783,068  |                      | $      | 5,727,338 |   |
|                                       |   |                      |       |                      |   |   |   |
| Shareholders'                  Equity      |   | $                         | 21,681,010 |                      | $      | 19,159,759 |   |
|                                       |   |                      |       |                      |   |   |   |
| Credit                  Line Availability  |   | $                         | 11,274,357 |                      | $      | 10,256,965 |   |
|                                       |   |                      |       |                      |   |   |   |

----