Press Releases: 02/17/2004

Odyssey Logistics & Technology Acquires Omni Logistics

DANBURY, Conn. – Feb. 17, 2004 – Odyssey Logistics & Technology Corporation, a provider of global transportation and logistics services to process manufacturers, today announced the acquisition of Omni Logistics, the market leader in bulk trucking services in the United States. The Omni acquisition makes Odyssey the largest non-asset owning bulk trucking company in the country. The acquisition was concluded by Odyssey Overland, Inc., a wholly owned subsidiary of Odyssey Logistics & Technology. The terms of the agreement were not disclosed.This acquisition will add a sophisticated bulk transportation network to Odyssey’s existing service offering, creating new logistics and transportation efficiencies for its customers. Omni’s innovative technology, validated by the process manufacturing industry, uses complex algorithms to match cargo movements and determine scenarios that allow improvements in the continuous loaded miles that a truck can travel, improving asset utilization for the trucker which translates directly into cost savings for all members of the supply chain. Omni has earned a reputation for excellence in trucking complex cargoes that often have specialized handling and shipment requirements.

“Odyssey offers logistics and transportation services in all modes with the unique capability to handle the particular requirements of bulk and hazardous materials,” said Bob Shellman, CEO of Odyssey Logistics & Technology. “Omni is a strategic addition to our service portfolio, bringing more than 20 years of operational experience and a broad understanding of the needs of process manufacturers. The addition of Omni underscores a main differentiator for Odyssey, which is to be an asset-neutral, carrier-neutral provider of outsourced logistics services.”

Omni’s existing infrastructure will be fully integrated into Odyssey’s Global Trading Platform, a unique, Net-native transportation management infrastructure, and its customer base of more than 200 process, chemical and consumer packaged goods manufacturers will benefit from Odyssey’s comprehensive logistics management service offering.

“This acquisition is a win-win situation for both companies,” said Lou Trillo, president and founder of Omni Logistics. “Omni’s customer base will now have access to a one-stop shop of world-class logistics services in all modes of transportation, and Odyssey has enhanced its bulk trucking capabilities and added a trusted name in transportation. We are excited to be a part of the Odyssey team.”

The addition of Omni Logistics is part of Odyssey’s vision to acquire best-of-breed service providers that will enhance its service offering and create the most value for its customers. This is Odyssey’s third acquisition in the last year, following its purchase of the RELY Software logistics platform and Nordstrom Freighting, an international freight-forwarding company with a 40 year history supporting global trade.

About Odyssey Logistics & Technology
Odyssey Logistics & Technology provides global logistics management services to the chemical industry and other process manufacturers. Odyssey allows its customers to outsource any part of the management and transportation of their raw materials and finished goods, helping these companies save money through reduced transportation and infrastructure costs, measurable customer service and process improvements, and enhanced data quality and management. The Odyssey team of chemical engineers and logisticians brings unparalleled expertise to the logistics supply chain in all modes of transport. Odyssey’s Global Trading Platform is a first-of-its kind transportation management infrastructure that serves as the technology backbone to its service offering. The company is backed by investors Trident Capital, Boston Millennia Partners, CMEA Ventures and RRE Ventures. For more information, visit on the Web.

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