Press Releases: 05/17/2005

Odyssey Logistics & Technology Adds Chief Financial Officer For Long Term Growth

DANBURY, Conn. – May 17, 2005 – Odyssey Logistics & Technology Corporation, a provider of global transportation and logistics services for process manufacturers, today announced the expansion of its executive team with the addition of a chief financial officer to support its ongoing growth strategy. Odyssey selected Cosmo J. Alberico, a financial industry veteran of more than 20 years and a proven leader in running world class financial organizations.”We’ve added this strategic position as we look to continue growth in North America and in other parts of the world,” said Robert Shellman, CEO of Odyssey. “Cosmo brings a wealth of global financial management skills and experience to Odyssey. His extensive experience building and running global finance teams will prove to be a valuable asset to our management team and the future of our company.”Alberico has held senior financial positions for small entrepreneurial, mid-market and large multinational companies whose product and service offerings included high-quality and cost-effective outsourcing solutions. Most recently, Mr. Alberico headed up finance for System Management Arts (SMARTS), a software and technology services company based in White Plains, N.Y. During his three year tenure at SMARTS, the company grew its profitable business over 300 percent and was recently acquired by computer storage giant EMC Corporation.

About Odyssey Logistics & Technology
Odyssey Logistics & Technology provides global logistics management services to the chemical industry and other process manufacturers. Odyssey enables 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. The Odyssey Global Logistics Platform is a first-of-its kind transportation management infrastructure that serves as the technology backbone to its service offering. Odyssey International is a licensed export freight forwarder and wholly owned subsidiary of Odyssey Logistics & Technology, managing exports to more than 80 countries. The company is backed by investors Trident Capital, LogiSpring, Boston Millennia Partners, CMEA Ventures and RRE Ventures. For more information, visit on the Web.

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