Lakeside Holding partners with leading global social media and e-commerce platform to streamline cross-border order fulfillment

Improving Logistics Operations with Advanced API Integration

Itasca, IL, Aug. 6, 2024 (GLOBE NEWSWIRE) — Lakeside Holding Limited (“Lakeside” or the “Company”) (Nasdaq: LSH), a U.S.-based integrated provider of cross-border supply chain solutions strategically focused on the Asian market operating under the American Bear Logistics (“ABL”) brand, today announced that it has entered into a strategic agreement with one of the world’s most popular social media and e-commerce platforms (the “Platform”). This partnership will provide sellers on the Platform with a comprehensive set of customs brokerage services, including customs clearance and customs management.

Technology-driven performance

ABL’s partnership goes beyond traditional logistics services, powered by its cutting-edge technology and team of experts. The company’s advanced API integration, developed in-house, connects directly to the platform’s inventory system, enabling real-time data exchange for accurate order fulfillment and seamless communication.

Main benefits for sellers on the platform:

• Simplified customs clearance: Thanks to ABL’s experience, customs clearance is carried out efficiently and effectively.

• Efficient pickup and delivery: ABL’s extensive network guarantees on-time delivery.

• Real-time status updates: Sellers have full visibility of their inventory throughout the entire process.

• Focus on growth: By outsourcing logistics services to ABL, sellers on the platform can spend more time developing their business.

“We are excited to partner with such a pioneer in the digital and social commerce space,” said Henry Liu, President and CEO of Lakeside. “Our technical team’s expertise and advanced API integration capabilities will enable us to provide unparalleled logistics services, ensuring their products reach consumers quickly and efficiently. This partnership underscores the strength and stability of our company as we continue to deliver leading solutions in the logistics sector.”

About Lakeside Holding Limited

Lakeside Holding Limited, headquartered in Itasca, IL, is a U.S. integrated cross-border supply chain solutions provider with a strategic focus on the Asian market, including China and South Korea. Operating under the American Bear Logistics brand, we primarily provide customized cross-border ocean and air freight solutions in the U.S. that are specifically tailored to our customers’ requirements and needs for moving goods to the U.S. We are a U.S.-Asian company rooted in the U.S. with deep knowledge of the international trade and logistics services markets in the U.S. and Asia. Our customers typically include Asia- and U.S.-based logistics service providers serving large e-commerce platforms, social commerce platforms, and manufacturers to sell and transport consumer and industrial goods manufactured in Asia to the U.S. For more information, visit https://lakeside-holding.com.

Safe Harbor Statement

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This press release contains forward-looking statements that reflect our current expectations and views about future events. Known and unknown risks, uncertainties and other factors, including those listed in the “Risk Factors” section, could cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. Some of these forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “goal,” “estimate,” “intend,” “plan,” “believe,” “likely,” “potential,” “continue” or other similar expressions. We base these forward-looking statements largely on our current expectations and projections about future events that we believe could affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or publicly revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements were made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.

Contact for investors:

Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Phone: 347-947-2093
E-mail: [email protected]