X0202 3 2006-08-01 0 0001294250 Rand Logistics, Inc. RAQC.OB 0001312264 ISLANDIA LP 485 MADISON AVENUE 23RD FLOOR NEW YORK NY 10022 0 0 1 0 0001386313 Berner Edgar C/O JOHN LANG, INC. 485 MADISON AVENUE, 23RD FLOOR NEW YORK NY 10022 0 0 1 0 0001386314 Berner Richard C/O JOHN LANG, INC. 485 MADISON AVENUE, 23RD FLOOR NEW YORK NY 10022 0 0 1 0 0001386315 John Lang, Inc. 485 MADISON AVENUE, 23RD FLOOR NEW YORK NY 10022 0 0 1 0 0001386304 Berner Thomas C/O JOHN LANG, INC. 485 MADISON AVENUE, 23RD FLOOR NEW YORK NY 10022 0 0 1 0 Common Stock, $.0001 Par Value 762107 D Warrant 5.00 2006-03-03 2008-10-26 Common Stock, $.0001 Par Value 600000.00 D Owned directly by Islandia, L.P., a Delaware limited partnership ("Islandia"). This Form 3 is filed jointly by Islandia, John Lang, Inc., a New York corporation ("John Lang"), Richard Berner, Edgar Berner and Thomas Berner. John Lang is the general partner of Islandia. Richard Berner serves as President of John Lang. Each of Edgar Berner and Thomas Berner serves as a Vice President of John Lang. Accordingly, each of John Lang, Richard Berner, Edgar Berner and Thomas Berner may be deemed to beneficially own the securities owned directly by Islandia. Each of John Lang, Richard Berner, Edgar Berner and Thomas Berner disclaims beneficial ownership of the securities owned directly by Islandia. By: Islandia, L.P., By: John Lang, Inc., General Partner; By: Edgar Berner, Vice President 2007-01-19 /s/ Berner, Edgar 2007-01-19 /s/ Berner, Richard 2007-01-19 By: John Lang, Inc., By: Edgar Berner, Vice President 2007-01-19 /s/ Berner, Thomas 2007-01-19