STG Stonepath Grp.

Stonepath Group (AMEX: STG), a global logistics services organization, today announced the dismissal of the consolidated class action complaint In re Stonepath Group, Inc. Securities Litigation. The complaint alleged claims for securities fraud under the Securities Exchange Act of 1934. It was filed earlier this year in the United States District Court for the Eastern District of Pennsylvania after the consolidation of eight separate actions that were filed last fall shortly after Stonepath announced that it would restate its financial statements for prior periods. The order dismissing the complaint provides the plaintiff with the opportunity to file an amended complaint. In other legal developments, the plaintiff in Ronald Jeffrey Neer v. Dennis L. Pelino, et al., a derivative lawsuit filed on October 12, 2004 in the United States District Court in Philadelphia against certain of the Company's present and former directors and officers, has filed a notice of appeal with respect to the September 27, 2005 decision of the Court dismissing that action for lack of subject matter jurisdiction. About Stonepath Group (AMEX:STG) Stonepath (www.stonepath.com) 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. Through a strategic acquisition strategy and strong organic growth, the Company has expanded rapidly, establishing a network of owned operations throughout the U.S., the Asia-Pacific region and Latin America. For more information about the Company, please contact John Brine at (212) 254-8280.