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Ed Massood Resigns as President of MGM

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Edward Massood, has announced his resignation as president of MGM Transport effective October 15th, 2008, to focus his full attentions on his retail stores operations in the northeast. “MGM Transport has been a tremendous part of my life the past 30 years as well as the people with whom I have worked,” stated Edward Massood. “This has been a wonderful experience for me. It has been an honor to be surrounded by the finest people in this industry, they have each become my extended family and I will cherish my friendships and time with them always,” he continued. “However, I do feel that now is the time for me to focus on my Thomasville furniture retail stores in New Jersey that I own with my brother Michael Massood Jr. I plan to concentrate on providing the best retail experience as well as continued growth in the retail sector. This will also allow me to spend more time with my family.” “This was not an easy decision, however, I have no doubt in the commitment to success and strength of the current leadership of CF Holdings and Dave Brenner as President of Furniture Transport Group. The past year and a half of working with Dave Brenner has given me confidence that they will continue to move MGM and FTG in the right direction," said Edward Massood. “The Massood family and MGM Transport have been icons in specialized home furnishings transportation for the last three decades in North Carolina, and while Eddie will no longer be serving as President of MGM Transport he will still be involved as a Member of the Board of Directors for CF Holdings,” stated Dave Brenner, President of FTG. FTG (Furniture Transport Group), brought together the most highly regarded specialized furniture transportation professionals in the industry, designed to offer furniture manufacturers and furniture retailers the very best in transportation, warehousing and distribution solutions. With over 49,000,000 miles logged annually, seventeen facilities, totaling 1.5 million sq. ft., distribution that spans from Canada to Florida, East to West Coast, FTG is the largest specialty transporter of home furnishings in the U.S. With state of the art online and tracking technology, LTL and deconsolidation, dual coast warehouse and distribution facilities, light assembly capabilities, home delivery and best customer service practices, FTG is a leader in providing solutions that afford clients a competitive advantage. The FTG group, which includes Caldwell Freight Lines, Inc., Foothills Trucking Company, Inc., and MGM Transport Corporation, is headquartered in Hickory, NC. For more information about FTG visit www.furnituretransportgroup.com.

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