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Power2Ship & ShipLogix
Sign Referral Partner Agreement Creating a Strong Strategic Alliance
September 1st, 2005 - BOCA RATON, FL. Power2Ship (OTC:BB PWRI) a web-hosted collaborative truckload transportation exchange and ShipLogix, a software company that provides web-hosted Transportation Management Solutions, announced today that they have signed an agreement to create mutual sales opportunities and enhanced business potential through a strong strategic alliance. Richard Hersh, Power2Ship's Chairman and Chief Executive Officer, commented, "We are honored to be able to offer our Power2Ship Member Shippers & Carriers the opportunity to take advantage of the Transportation Management Services that ShipLogix has to offer. We also look forward to providing the benefits of the Power2Ship system to the ShipLogix customer base. Future prospects identified by both Sales teams will be empowered to offer solutions from both companies. Our relationship with ShipLogix further solidifies our reputation as a provider of quality logistics solutions." Alan Van Boven, ShipLogix President and Chief Executive Officer, states, "The Power2Ship products enable companies to drive costs out of their supply chain and gain greater visibility into the movement of their inventory. Our ShipLogix Transportation Execution Platform (STEP) supports this visibility and extends it to further savings opportunities via optimization of transportation and collaboration between shippers, carriers, and suppliers. Also, the Power2Ship application will provide information about available freight capacity among P2S Member-Carriers through the P2S MobileMarket™, which broadens the range of services that our customers can utilize. We are excited about the new relationship with Power2Ship and how this alliance will allow us to bring significant added value to our clients." "Power2Ship has strategically chosen to enhance our standard feature / functionality while creating a new degree of supply chain integration efficiency. This alliance with ShipLogix falls right in line with the strategic direction of our company," said Michael Darden, President of Power2Ship. "By partnering with ShipLogix we can now deliver best-of-breed Transportation Management Solutions which adds significant value for our new & existing customers." As part of the agreement, Power2Ship and ShipLogix will engage in joint Sales and Marketing activities. Both companies' current and future customers will realize increased supply chain efficiency and reduced costs as a result of this strong strategic partnership. About Power2Ship, Inc. Power2Ship (P2S) is a Web-based Collaborative Marketplace that provides supply chain, tracking and other logistics information that enables freight carriers (trucking companies), shippers (senders and receivers of freight) and their customers to make better-informed, cost-effective transportation / logistics decisions. This information assists P2S Member Shippers to optimize their supply chain and reduce their transportation, warehousing and inventory carrying costs. P2S Member Carriers receive free, unlimited use of an asset management system through the MobileMarket™ to track the location, destination and availability of their transportation assets. P2S has formed three new divisions in order to accelerate the market penetration of its patent-pending P2S MobileMarket™. An international licensing division will market the P2S MobileMarket™ abroad. The second division is focused on Homeland Security and Operation Safe Commerce, primarily related to development of "smart" container tracking and visibility. The third division is pursuing mergers and acquisitions and joint ventures of strategic, non-asset based, trucking companies and transportation-related providers. About ShipLogix ShipLogix is a Software as a Service (SaaS) provider of Transportation Management Systems. The ShipLogix Transportation Execution Platform (STEP) is a robust suite of solutions designed to facilitate collaboration between shippers, carriers, suppliers, and logistics service providers. STEP combines essential tender, track and trace functionality with best-of-breed executable optimization and inbound vendor/supplier collaboration, creating an optimal solution for the full shipment lifecycle. STEP is branded and distributed through a network of channel partnerships that include several of the top 10 US-based third-party logistics providers (3PLs), key enterprise software partners, and VAR relationships in specific vertical industries. To learn more about ShipLogix, please visit www.shiplogix.com or call 1-888-486-7447. For more information about Power2Ship contact: To become a Member Carrier or Member Shipper contact:
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