Acln Ltd – ‘6-K’ for 2/7/02 – EX-99.1

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Report of a Foreign Private Issuer   —   Form 6-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 6-K         Report of a Foreign Private Issuer                     3      7K 
 2: EX-99.1     Press Release Dated February 5, 2002                   2     12K 

EX-99.1   —   Press Release Dated February 5, 2002

EX-99.1
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                                                                    EXHIBIT 99.1

[LOGO]                                                                          
A.C.L.N.                                                                        

NEWS RELEASE for February 5, 2002 at 4:00pm EST                                 
-----------------------------------------------                                 
Contact:   Allen & Caron Inc             A.C.L.N. Limited                       
        Jill Cieslak (Investors)      Jane Creber, V.P. Investor Relations
Len Hall (Media)              310-268-9288                
949-474-4300                  jane@aclnltd.com            
                  ----------------
jill@allencaron.com                                       
-------------------                                       
len@allencaron.com                                        
------------------                                        

A.C.L.N. LIMITED ANNOUNCES ACQUISITION OF MAJORITY INTEREST IN FIVE VESSEL
OWNING COMPANIES

Establishes Logistics Services from Far East to Africa and Europe 

LOS ANGELES, CA (February 5, 2002)....A.C.L.N. Limited (NYSE:ASW) today         
announced that it has acquired a 51 percent interest in Norwegian Car Carrier,  
KS, a 56.5 percent interest in Eastern Car Carrier, KS, a 51 percent interest in
Bergshav Car Carrier, KS, a 100 percent of Arcade Navigation, and has increased 
its ownership in Eastern Car Carrier II, KS by 11 percent to a total of 51      
percent.  Each of these companies owns a pure car and truck carrier vessel with 
the following capacities:                                                       

--------------------------------------------------------------------------------
Company Name                        Capacity      
--------------------------------------------------------------------------------
Norwegian Car Carrier, KS                            4,734                      
--------------------------------------------------------------------------------
Eastern Car Carrier II, KS                           3,441                      
--------------------------------------------------------------------------------
Bergshav Car Carrier, KS                             4,500                      
--------------------------------------------------------------------------------
Arcade Navigation                                    4,200                      
--------------------------------------------------------------------------------
Eastern Car Carrier, KS                              3,441                      
--------------------------------------------------------------------------------

  The vessels are flagged in Panama, they are under long-term charter to a
major shipping company, and provide transportation for new vehicles primarily   
between Asia, South America and the West Coast of the United States.  Ownership 
of these vessels constitutes a new business segment for A.C.L.N., and the       
vessels are not intended for use  in its existing logistics business.  The      
acquisitions were financed with a cash payment of approximately $15 million.    
The acquired companies have ship mortgages in the amount of approximately $65.4 
million.  A.C.L.N. has agreed to guarantee these mortgages in the amount of up  
to $7 million.  Mortgage payments are expected to be serviced by the acquired   
companies with income from the charters.                                        

A.C.L.N. also announced that it has entered into an agreement to begin
regular monthly logistics services from Inch'on in Korea to West Africa, North  
Africa and Europe.  A.C.L.N. also announced that it has signed a contract with  
Daewoo Motors of Inch'on, Korea, to purchase approximately 17,000 pre-owned cars
which it will sell through its wholesale business segment.  A.C.L.N. will now be
purchasing and selling                                                          

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new and pre-owned vehicles in its wholesale segment. This initiative establishes
A.C.L.N. as one of the few companies to offer pre-owned vehicle logistics       
services from Asia to West and North Africa, and is an important step in        
achieving the Company's objective to provide logistics services around the      
world.                                                                          

A.C.L.N. President and Chief Executive Officer Aldo Labiad said, "We  
believe that with the acquisition of majority interests in companies owning five
vessels we have  succeeded in diversifying our customer base and revenue        
sources.  Our customer base now includes a major shipping line, and revenues    
will be generated from the ships' long term charter agreements.  With the       
addition of Inch'on, we have diversified our logistics business' geographic     
reach."                                                                         

About A.C.L.N. Limited                                                          
----------------------                                                          

     A.C.L.N. Limited (www.aclnfltd.com) is a leader in pre-owned automobile and
----------------                  
truck logistics, serving six European ports, one Asian port and fourteen ports  
of destination in Africa.  Founded in 1978, A.C.L.N. currently operates three   
primary business segments:  (i) providing new and pre-owned automobile and truck
logistics services between Asia, Europe and Africa, (ii) purchasing and selling 
new and pre-owned automobiles in Africa on a wholesale basis, and (iii) vessel  
ownership of pure car and truck carriers.                                       

This news release contains forward-looking statements as that term is defined in
the Private Securities Litigation Reform Act of 1995.  These forward-looking    
statements include but are not limited to statements that relate to the         
A.C.L.N.'s ability to service the debt of the vessels it has purchased, its     
intent to build vessels, its sales, profitability and growth, demand for its    
products or services, growth in the markets it serves or any other statements   
that relate to the intent, belief, plans or expectations of A.C.L.N. or its     
management, or that are not a statement of historical fact.   Any forward       
looking statements in this news release are based on current expectations and   
beliefs and are subject to numerous risks and uncertainties that could cause    
actual results to differ materially. Other factors that could cause A.C.L.N.'s  
actual results to differ materially are discussed in the A.C.L.N.'s recent      
filings with the Securities and Exchange Commission.  A.C.L.N. disclaims any    
obligation to update any forward-looking statements as a result of developments 
occurring after the date of this press release.                                 

Dates Referenced Herein

				Referenced-On Page
This ‘6-K’ Filing		Date		First		Last			Other Filings
Filed on:		2/8/02							None on these Dates
For Period End:		2/7/02
		2/5/02		1
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